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LONDON - Atalaya Mining (LSE:ATYM), a European copper producer, has announced the appointment of its independent non-executive director, Hussein Barma, to the board of Eldorado (SO:ELDO11B) Gold (NYSE:EGO) Corporation as a non-executive director. The announcement, made today, complies with Listing Rule 6.4.9(2).
Atalaya operates the Proyecto Riotinto in southwest Spain and is listed on the London Stock Exchange (LON:LSEG). The company is known for its Cerro Colorado open pit mine and a processing plant capable of handling 15 million tonnes per annum. This facility is poised to serve as a central hub for processing ore from Atalaya’s wholly-owned regional projects, including Proyecto Masa Valverde and Proyecto Riotinto East.
The company also has an earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., the entity that owns the Proyecto Touro, a brownfield copper project in northwest Spain. Additionally, Atalaya holds a 99.9% interest in Proyecto Ossa Morena.
This strategic appointment of Hussein Barma to Eldorado Gold’s board signifies a strengthening of ties between the two entities in the mining sector. Eldorado Gold Corporation is a global mid-tier gold and base metals producer with operations in Europe, Asia, and the Americas.
The information regarding the director’s appointment is based on a press release statement from Atalaya Mining. As a member of the FTSE 250 Index, Atalaya’s movements and directorial changes are closely watched by investors and industry analysts for potential impacts on the company’s operations and governance.
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