Aurizon Mines (AZK) CEO George Paspalas needed a new job due to his old company being taken over by Hecla Mining (HL) recently. Interestingly, he did not end up with another producing precious metal miner but instead opted to take the top job at Mag Silver (MVG) which is still an exploration stage company. Mag Silver investors may interpret this move as confirmation of the company's resolve to take their projects through to production given Mr Paspalas experience with mine development and operations.
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(Drilling at Juanicipio, photo taken from company web site)
Mag Silver's flagship property, the Juanicipio project, is situated right next door... ...