Tanzanian Gold Corporation Appoints Michael P. Leonard as Chief Financial Officer
March 01, 2021 at 04:35 pm IST
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Tanzanian Gold Corporation announced the appointment of Michael P. Leonard, CPA, CA as Chief Financial Officer of the company. Mr. Leonard has had a distinguished career as a financial leader in the gold industry with broad, progressive experience in investor relations and corporate global finance. He had an impressive, respected and esteemed career of more than 17 years in financial leadership at Barrick Gold and possesses the vision and foresight needed by the Company as a vital member of leadership team. He brings his extensive knowledge and experience to the Company and is renowned for his knowledge of the gold industry, big picture outlook, and results oriented mindset. He is respected for his integrity, frankness, and financial prowess, and is a venerable addition to the Company’s strategic management team. As CFO, he will assist the Company in its inevitable digital transformation and fill a vital role for the Company’s strategy moving forward, including use of technology, and development and implementation of financial models, financial controls and procedures for financial management. Mr. Leonard’s background includes extensive experience in implementing global investor relations strategy, acting as a primary interface communicating with the external market, advising management on investor perceptions and creating market transparency on strategy and performance. He has the experience to address the daily needs of the Company and the ability to project current needs into long term financial planning and focus as a Chartered Professional Accountant.
TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.