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  • Vantage Goldfields Appoints Two Executive Directors 0 comments
    Feb 2, 2014 7:41 PM

    Vantage Goldfields (ASX: VGO) has appointed Michael Begg and Derrick Short as executive directors of the company.

    Begg had previously worked for the company in 1997 and 1998 and was involved in the early exploration of the Lily Mine prior to production in 2000.

    He has been involved in greenstone geology since 1988 while working as exploration geologist and later chief geologist for other local mining companies, including Barbrook Mines, before rejoining the company in mid-2006 as technical manager.

    He was appointed General Manager in May 2011 for both the Lily and Barbrook mining operations

    Short has served as finance director for the South African subsidiaries since 2005 and has over 20 years experience in the mining industry where he has held various positions including financial, administrative, budgetary control and general management positions.

    Dr Willo Stear has stepped down as an executive director of the company though he will continues as a non-executive director.

    Vantage had in the December 2013 quarter produced 9,226 ounces of gold, up 19% over the previous quarter, at all-in sustaining costs of A$1,200 per ounce, down 12% from the previous quarter.

    Its cash operating profit rose 46% to A$3.79 million.

    The company expects to maintain or marginally improve production from its Lily Mine in 2014. Production can be ramped up if capital becomes available.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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