Mining Industry: International Minerals Seeks CFO
July 7, 2010 (FinancialWire) — International Minerals Corp. (TSX: IMZ) (SWX: IMZ) said that Eric Edwards has resigned from his position as chief financial officer in order to pursue other business opportunities.
Edwards especially engaged in the development of International’s Inmaculada gold-silver deposit in Peru during his tenure as president and CEO of Ventura Gold Corp., a company that was acquired in January by IMZ.
IMZ said it is actively seeking a new CFO and as an interim measure, IMZ’s controller, Scott Weger, will be acting in the role of CFO.
Arizona-based International Minerals International Minerals is a silver-gold producer, explorer and developer with silver and gold production from its 40%-owned Pallancata Mine in Peru.
Production at Pallancata (on a 100% project basis) for calendar year 2009 was 8.4 million ounces of silver and 32,000 ounces of gold (40% of which are attributable to IMZ). Production (on a 100% project basis) of around 10 million ounces of silver and 33,000 ounces of gold is expected for calendar year 2010.
In addition to the Pallancata Mine and the nearby Inmaculada gold-silver development project, both in Peru, IMZ also holds varying ownership interests in development-stage gold projects in Nevada (Goldfield and Converse) and Ecuador (Rio Blanco and Gaby).
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