Chief executive Darryl Cuzzubbo has said so long to SolGold just 48 hours after the troubled mining company unveiled a $US50 million aimed at advancing its flagship Cascabel copper-gold project in northern Ecuador.
Newcrest chairman Peter Tomsett blasted the SolGold deal on Wednesday, saying his company was not happy with the expensive financing.Mr Cuzzubbo quit as chief executive and managing director of SolGold effective immediately on Thursday after less than a year in the top job. SolGold has also said it was in talks with potential partners in Cascabel as part of a strategic review of the giant copper project.SolGold, which is listed on the London and Toronto stock exchanges, had to withdraw a potential capital raising in July. The company thenafter her short stint as chief financial officer.