The new year welcomes new appointments and board changes for Evolution Mining, Coronado and Helix Resources.
Evolution Mining
Due to job location and a number of factors, Evolution’s chief financial officer (CFO) Barrie Van der Merwe has decided to leave the company to pursue another opportunity.
From March 2023, Van der Merwe has played an important role in advancing Evolution’s financial position, including securing a $600 million refinancing in June 2023, successful debt financing of the Northparkes acquisition in December 2023 ($200 million) and driving operational efficiencies to support increased cash generation.
To ensure a seamless and efficient transition, Van der Merwe will remain in the role until late March 2025.
“Barrie has made a very good contribution to Evolution in his time with us and, on behalf of the Board and management, I thank him and wish him every success in his future endeavours,” managing director and chief executive officer Lawrie Conway said.
A search to identify an appropriate replacement is underway.
Coronado
Van der Merwe will join Coronado as CFO after he finishes up at Evolution Mining, with Coronado managing director and chief executive officer Douglas Thompson welcoming him to the team.
“His deep expertise in financial strategy and leadership will play a pivotal role in supporting our strategic objectives, fostering growth, and driving long-term value for our stakeholders,” Thompson said.
Van der Merwe is expected to assume the role of CFO at Coronado on April 1, 2025.
Helix
There has been a couple of changes to Helix’s board with Michael Povey’s new appointment as executive chair and Mike Rosenstreich’s transition from non-executive chair to non-executive director.
These changes follow Helix’s successful placement of 100 million Helix shares to Acta Investment Group at $0.005 per Helix share.
The placement represents a $500,000 investment in Helix.
With the funds raised under the placement, Helix plans to progress its highly prospective Cobar exploration assets, including drilling of its Muriel Tank gold prospect, regional-scale auger drilling, and assisting with working capital requirements.
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
