Intrepid Mines

West Perth based NuStar Mining Corporation Ltd officially merged with Canada's Intrepid Minerals Corporation yesterday.

Brisbane-based Intrepid Mines is set to benefit from a full exposure to the gold price as it closes its hedge book for its Paulsens gold mine in Western Australia.

A group of disgruntled Intrepid Mines investors have moved to remove five of the company’s current directors and replace them with four new ones, blaming the board for the loss of around $1 billion in shareholder value since April 2011.

Gold exploration and development company Intrepid Mines has begun a search for a new chief executive officer after Brad Gordon was headhunted by an unnamed company.Chairman Ian McMaster (pictured) is acting in the role of executive chair until a replacement is appointed.

Chalice Gold Mines founder and executive chairman Tim Goyder has taken the role of managing director in a series of board changes that include Bill Bent stepping down from the position today.

The past year has marked a period of major change at many of WA’s gold producers in terms of personnel and pay.

Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres in the Pilbara region of Western Australia.

Our daily board moves wrap includes Zhao Tong, Josef El-Raghy, Aaron Colleran, Brett Montgomery, Peter Evans, Richard Baumfield, Ronald Beevor, Albert YuZi Zhou, and Phil McKeiver.