Change at the top for Lake Shore Gold – by Len Gillis (Timmins Daily Press – June 14, 2016)

http://www.timminspress.com/

TIMMINS – Tony Makuch, who built up one of the newest gold mining ventures in Timmins, is leaving Lake Shore Gold to join another gold mining company.

While Makuch could not be reached for comment Monday, LSG confirmed that Makuch is moving to become the new chief executive officer of Kirkland Lake Gold (KLG), which operates the Macassa Mine, among others. A news release from Kirkland Lake Gold revealed that George Ogilvie had resigned as CEO and that Makuch, a former mine manager for that company, was moving into the top job.

“After careful consideration, the board of eirectors has determined that Tony is ideally positioned to lead Kirkland Lake Gold into the next stage of its development,” said Eric Sprott, chairman of the KLG board of directors, in the company news release.

“Tony’s track record of leadership in the gold mining industry and his demonstrated ability to grow and optimize production will be excellent assets for Kirkland Lake Gold.”

More praise for Makuch came from Kevin McArthur, executive chair and CEO of Tahoe Resources Inc, the company that purchased Lake Shore Gold earlier this year.

“We wish Tony all the best with his new endeavours. He deserves an immense amount of credit for his contribution in building Lake Shore Gold from a junior explorer to a low-cost gold producer with a strong management team, quality operations and attractive growth projects,” said McArthur in a company statement.

Ron Clayton, Tahoe’s president and chief operating officer, will assume day-to-day management of the company’s Lake Shore Gold division, said the release

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