Jonathan Henry has resigned from his position as President, CEO and as a Director of Gabriel to pursue other opportunities with immediate effect, the company said.
Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.
Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.