Gold costs have been poised for a second consecutive weekly achieve on Friday, pushed by safe-haven demand amid tensions within the Middle East and rising bets that the U.S. Federal Reserve may scale back rates of interest later this 12 months.
Courtesy: Kinross
Newmont Corp. on Monday introduced that President and Chief Operating Officer Natascha Viljoen will succeed Tom Palmer as chief govt officer, beginning in January.
Palmer, who has served as president and chief govt officer since 2019, will resign from the board and as CEO on December 31.
Viljoen joined the corporate in 2023 as govt vp and chief working officer, in accordance with the company’s website. Prior to becoming a member of the gold miner, she served as CEO of Valterra and held management positions at BHP and Lonmin.
Viljoen will turn into the primary lady to steer Newmont in its over 100-year historical past, in accordance with the corporate.
“I want to express my gratitude to Tom for his mentorship and support, and to the Board for entrusting me with the responsibility to lead Newmont into its next phase of growth,” Viljoen in a press launch.
Palmer joined Newmont in 2014 as Managing Director Indonesia earlier than serving as the corporate’s Managing Director Asia Pacific in 2015, and chief working officer in 2016, in accordance with its web site.
“After 12 years with Newmont, and almost 40 years in the mining industry, it is time for me to retire and hand over to Natascha to lead our Company through the next chapter in its storied history,” Palmer said in a statement.
Newmont earlier this month stated it sold its stake in Orla Mining for $439 million as a part of its divestiture program.