– CANADA, Blainville – Maya Gold & Silver Inc. (TSX: MYA) today announced that Noureddine Mokaddem Chairman, President and CEO, is retiring and stepping down as Chairman, President and CEO. He will remain on the Board of Directors of the Corporation.
Concurrently, Benoit La Salle FCPA, CPA has been appointed by the Board of Directors as President and CEO and appointed as Director, effective immediately.
In addition, Robert Taub has been appointed as Chairman of the Board of Maya.
Robert Taub, Chairman of the Board of Maya, said, “on behalf of the Board of Directors, I am delighted to welcome Benoit La Salle to the Corporation. We are excited to embark on a new chapter for Maya as we look towards becoming a leading precious metals producer in the region. I would also like to show my gratitude to Noureddine Mokaddem who worked tirelessly since 2010 to build a strong portfolio of mining properties in Morocco and to advance the Zgounder and Boumadine projects.”
About Benoit La Salle
Mr. La Salle is a well-recognized executive in the mining industry, having 25 years of experience as a corporate executive of mining companies. In 1995, Mr. La Salle founded, developed, and led Canadian-based SEMAFO Inc. into a 250,000-ounce gold producer in West Africa, which delivered in excess of a billion dollars of value to shareholders. In October 2012, he was appointed Chairman of the Board of The Canadian Council in Africa. In recent years, he has held leading executive and non-executive roles with several public corporations, including Algold Resources Ltd., SRG Mining Inc., Sama Resources Inc., GoviEx Uranium Inc. and Earth Alive Technologies Inc. Mr. La Salle is a Fellow Chartered Accountant, and a member of the Quebec Order of Chartered Professional Accountants. Mr. La Salle holds a Bachelor of Commerce degree from McGill University and a Master of Business Administration degree from IMEDE, Switzerland.
“I am very excited to be working with the team at Maya,” said Mr. La Salle. “l look forward to the significant opportunities we have as we continue to improve operational performance, increase cash flow and create value for our shareholders through a disciplined approach to production and value creation from our portfolio of long-life assets.”
About Maya Gold & Silver Inc.
Maya Gold & Silver Inc. is a publicly-traded Canadian company focused on the operation, exploration and development of gold and silver deposits in the Kingdom of Morocco. Maya is currently operating mining and milling facilities at its Zgounder Mine, an 85%-15% joint venture between its subsidiary, ZMSM, and the Office National des Hydrocarbures et des Mines of the Kingdom of Morocco.
Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti-Atlas Mountains of Eastern Morocco. The property is also a joint venture with ONHYM wherein Maya retains an 85% ownership. Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both being 100% owned, with gold, tungsten, molybdenum and copper deposits covering over 100 square kilometres in a historical mining district of Morocco.
For more information: https://mayagoldsilver.com
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