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Management

Lavras Gold Corp. Announces Leadership Transition Hemdat Sawh Appointed Interim President & CEO - Search Underway to Identify Successor President & CEO

By The Northwire Desk — AI Analysis Oct 31, 2025 · 09:00 LGC · 2.56 Lavras Gold Corp.
LGC · Price

Executive Summary

  • Lavras Gold Corp. appointed its CFO, Hemdat Sawh, as Interim President and Chief Executive Officer following the departure of Michael Durose.
  • The Board will commence a search for a permanent President and CEO; interim senior roles were also assigned to Directors Jonathan Hill (Interim VP Exploration) and Mike Mutchler (Interim COO).
  • The new interim leadership team will focus on advancing the LDS Project from advanced exploration toward development, including environmental studies, permitting, infill drilling, an updated technical report, resource estimate, and a Preliminary Economic Assessment (PEA).

Key Details

  • Interim CEO Appointment: Hemdat Sawh, current CFO since company inception, assumes interim President & CEO duties effective immediately.
  • Departure of Prior CEO: Michael Durose steps down after serving as President, CEO, and Director since April 2022.
  • Interim Executive Team:
  • Jonathan Hill – Interim Vice President of Exploration (economic geologist with 35+ years experience).
  • Mike Mutchler – Interim Chief Operating Officer (mining industry veteran).
  • Board Action: The Nominating and Governance Committee, chaired by David Birkett, will conduct a search for a permanent President & CEO.
  • Strategic Focus: The interim team will transition the LDS Project to development stage by:
  • Conducting environmental studies and securing permits.
  • Performing infill drilling to update technical report and resource estimate.
  • Preparing a Preliminary Economic Assessment (PEA) to evaluate economic viability of the district‑scale LDS assets.
  • Quote from Chairman: Rowland Uloth thanked Michael Durose for his leadership and highlighted the company’s strong position for the next growth phase.

Notable Quotes

“On behalf of the Board, I want to thank Mike for his leadership of Lavras Gold… As a result, the Company is well positioned for the next phase of growth and value creation for all shareholders.” – Rowland Uloth, Chairman of the Board

All forward‑looking statements are subject to risks and uncertainties as described in the release.

Read the original news release →

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