Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Amarillo Gold welcomes Paulo Serpa as its new country manager in Brazil

% of readers think this story is Fact. Add your two cents.

Amarillo Gold Corporation (CVE:AGC) (OTCQB:AGCBF) announced it had appointed veteran mining engineer Paulo Serpa as its new country manager in Brazil.

Serpa will succeed Arão Portugal as country manager for the Toronto-based company’s Brazilian subsidiaries when Portugal retires at the end of September, according to a statement.

Portugal will remain active with the company and serve as special adviser to CEO Mike Mutchler, Amarillo told shareholders.

READ: Amarillo Gold ends 1Q with C$40.7M in cash to advance Posse gold project towards production

“We expect this to be a smooth transition,” Mutchler said in a statement. “Paulo will build on the strong foundation set by Arão and lead the construction phase of our flagship Posse Gold Project at Mara Rosa. In addition to Paulo, we’ve made several other key hires in Brazil, where we are building a strong operating team in anticipation of making a construction decision.”

Serpa has nearly 35 years of experience in the mining industry developing mines. He was most recently Director of South America Institutional Affairs for Imerys, a French multinational company that produces and processes industrial minerals, where he worked on 24 industrial mine sites.

“On behalf of the Board of Directors and the entire Amarillo team, I’d like to thank Arao for his leadership,” said Mutchler. “Arão was instrumental in acquiring our License to Install for Posse, securing several critical contracts for the developing Posse, and strengthening our team in Brazil. We wish him well in his retirement, even as we continue to access his considerable experience and expertise as we build Amarillo into Brazil’s next gold producer.”

Amarillo’s Posse project is on the company’s Mara Rosa Property in Goiás State. A 2020 definitive feasibility study outlined a resource of 32 million tonnes at 1.1 grams per ton gold for a total of 1.2 million ounces in the high-confidence measured and indicated category.  The project is anticipated to produce 102,000 gold ounces per year in its first four years and have an average annual gold production of 84,000 ounces based on an initial 10-year mine life.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.