Gascoyne board turmoil amid another production setback

A TUMULTUOUS five months at new gold miner Gascoyne Resources is resulting in big board convulsions, with managing director Mike Dunbar out the door, an interim CEO appointed, and Ian Murray exiting after just 16 days in the chairman’s role.

Gascoyne board turmoil amid another production setback Gascoyne board turmoil amid another production setback Gascoyne board turmoil amid another production setback Gascoyne board turmoil amid another production setback Gascoyne board turmoil amid another production setback

Long-time Gascoyne MD Mike Dunbar has resigned

While MNN was unable to immediately reach Murray, a Gascoyne statement on the matter gave some indication the founder of Gold Road Resources hadn't liked what he found upon arrival.

"After undertaking due diligence, Mr Murray was appointed to the board on 8th October, and resigned from the board of directors effective 24th October 2018," Gascoyne said.

Still, it was pointed out to MNN that Mark Le Messurier, ex COO at Evolution, who joined the board at the same time as Murray, is continuing in his role as non-executive. 

Meanwhile having been a non-executive director since mid-2017, Sally-Anne Layman has been appointed Gascoyne's new chairperson.

She will oversee a company whose new CEO is Mike Ball, with the former CFO accepting...