Westgold Resources has appointed Ivan Mullany as its new independent non-executive director, set to take effect immediately.
Westgold non-executive chair Cheryl Edwardes said she is delighted to welcome Mullany to the board.
“Ivan is a great cultural fit, and his extensive operational and project delivery experience will significantly strengthen our board and strategic planning processes,” she said.
“Our leadership team will directly benefit from his operational excellence background as this is a key to unlocking greater productivity and increasing free cash flow from our expansive Western Australian gold portfolio.”
Mullany brings over 35 years of mining project management experience to the company, having worked extensively across international operations.
Mullany acted on the senior leadership team at Newmont Corporation and its predecessor Goldcorp, leading numerous major projects valued at more than $18 billion, spanning engineering studies through to construction and execution.
He previously served as chair of the Hemi gold project committee at De Grey Mining, providing strategic oversight of the project execution plan prior to Northern Star’s takeover.
Mullany is currently a non-executive director for NexGen Energy and a fellow of the Australasian Institute of Mining and Metallurgy.
In other news, Westgold achieved a record quarterly cash build of $80 million in the March quarter, capitalising on historically high gold prices. The company held $232 million in cash, bullion, and investments at the end of the period.
This figure includes $107 million in operational cashflow, prior to $74 million in growth and exploration expenditure, $22 million from corporate activities including the sale of the Lakewood processing facility, and an $11 million increase in bullion holdings.
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