Frank Terranova

Southern Cross Goldfields non-executive director John Parker has assumed the role of non-executive chairman and non-executive director Frank Terranova has been made interim managing director, as pa

Frank Terranova has been made non-executive chairman of Taruga Gold, following the resignation of executive chair Bernard Aylward.

Southern Cross Goldfields will merge with Polymetals Mining, creating a gold miner with a market capitalisation of around $30 million.

Australia's resources-led economic recovery has had a major impact on the pay of WA-based executives, with a big rise in the number of million dollar pay packets as share prices bounced back from GFC lows.