Local gold miner Millennium Minerals has found an internal candidate to replace outgoing chief executive Glenn Dovaston, who has resigned after two years at the helm.
Millennium Minerals has kicked off a $21 million capital raising to pay off its debt and fund an ‘aggressive' exploration campaign at its Nullagine gold project in the Pilbara.
Shares in local gold miner Millennium Minerals closed 13.7 per cent higher today on news it had increased its projected gold production by 11 per cent while lowering costs.
Perth-based gold miner Millennium Minerals has negotiated $5 million in additional debt funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end of this month.
