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VANCOUVER - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF), a mining exploration company with a market capitalization of $8 million, announced Wednesday that Chief Operating Officer Rob Van Drunen will step down effective July 1, 2025, citing personal reasons. The company’s stock has experienced significant volatility, currently trading at $0.17, down about 55% over the past year despite a 16% gain year-to-date.
The company’s CEO, John Lee, will assume Van Drunen’s responsibilities to ensure an orderly transition, according to a press release statement. The Vancouver-based mineral exploration company, which focuses on gold and silver projects in Bolivia, stated that the change is not expected to affect company operations. According to InvestingPro analysis, the company maintains a "Fair" overall financial health score, with the advantage of holding more cash than debt on its balance sheet.
Silver Elephant’s board expressed gratitude to Van Drunen for his contributions to the company, though no specific achievements were detailed in the announcement.
The company, listed on the Toronto Stock Exchange, the OTCQB market, and the Frankfurt Stock Exchange, continues its focus on mineral exploration activities in Bolivia.
No replacement for the COO position was announced in the company’s statement.
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