Loxton quits Allied following cost blow-out

JUST over four months after taking the job, Wayne Loxton has resigned as managing director of PNG-focused junior Allied Gold amid a capital cost-blow out at its flagship Simberi Island gold project.

Loxton quits Allied following cost blow-out Loxton quits Allied following cost blow-out Loxton quits Allied following cost blow-out Loxton quits Allied following cost blow-out Loxton quits Allied following cost blow-out

Loxton’s resignation comes just over a week since Allied revealed an expected “increase in the estimated capital cost” from the previously advised $US43.7 million ($A59.63 million).

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