--- A summary of todays announcement 28/11/07: --- AGM tomorrow and hopefully an announcement on project financing.
It would be good if 17.5 cents held on the weekly close. You would think that once project funding is announced it would be onward and upward with the 20 cent options being exercised by Dec 31st.
From today release:
1. To commence construction of its 70% owned Las Lagunas Gold Project in the Dominican Republic and --- is accelerating the predevelopment program for the 50% owned Trujillo Gold Project in Peru.
2. The Company has added to its existing management team by appointing:
** Ross Hatten -- as Chief Financial Officer --- previously Commercial and Financial Superintendent of Xstrata’s Mount Isa Copper Operations and prior to that was Finance Manager for Anglo Coal’s $600 million Lake Lindsay coal project, and spent four years in Peru as Commercial Manger, South America for Thiess. -- also been Project Accountant for Newmont in Myanmar, Indonesia, Philippines and Peru, and spent periods with CSR as a Senior Accountant in China.
** Peter Symons -- as Business Development Manager for Latin America --- previously Business Development Manger, the Americas, for both Xstrata Copper and MIM Holdings and prior to that was Regional Manager, South America for MIM. --- held supervisory exploration positions in Australia, Spain and Papua New Guinea with Exxon Minerals for 10 years and was Chief Geologist at the Boddington Gold Mine from startup of production in 1987. --- holds a Master of Science degree and is fluent in Spanish.
** Wayne Selleck -- as Engineering Manager. --- a Mechanical Engineer with a Bachelor of Engineering (Mech) degree and has over 20 years experience in the minerals processing industry overseeing design, project management, and construction of major projects in the gold, copper, nickel and uranium sectors in Australia and overseas. --- During his career he has worked with GRD Minproc, Rio Tinto, Western Mining, Kellog Brown and Root, and Bechtel.
** EVG will appoint a Construction Manager, Process Plant Manager, and Senior Accountant for the Las Lagunas project in the near future as the development moves to the construction phase.
3. Also, importantly all long lead-time equipment items have been sourced in line with both EVG’s budget and construction
EVG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
