Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canada’s Osisko Gold Royalties said on Wednesday that mining veteran Paul Martin would replace Sandeep Singh as its chief executive officer on an interim basis, effective immediately.
The company’s board is searching for a permanent CEO, Osisko said in a statement.
Martin, who has held positions such as CEO and chief financial officer in mining companies, currently serves as the chair of the board at Red Pine Exploration.
Singh leaves the company after three and half years and served as its chief executive from November 2020.
(By Sourasis Bose; Editing by Eileen Soreng)
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