Cruise, formerly the COO of the exploration company, assumed the CEO position on April 27 from Dr Rui Feng, who has stayed on as a director.
“The breadth and depth of his experience in the mining sector are an ideal fit for New Pacific’s current stage of development,” said Jack Austin, board chairman, in a statement. “We look forward to working with Mark to advance the Silver Sand Project and build value for our shareholders.”
Cruise was the founder and CEO of Trevali Mining Corporation, which grew from an initial discovery to a top-10 global zinc producer with operations in Peru, Canada, Burkina Faso and Namibia. Prior to Trevali, he held multiple positions in Europe and North America with Anglo American PLC as a polymetallic commodity specialist.
New Pacific, based in Vancouver, is an exploration and development company that owns the Silver Sand Project in the Potosí Department of Bolivia and the Tagish Lake Gold Project in Yukon, Canada.
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