CMM has announced that its current Chief Executive Officer, Kim Massey will retire and move to a part time consultancy role in January 2025. Paul Criddle, current Chief Operating Officer will be promoted to CEO as a result. Kim Massey has been in the role for five years and successfully led the advancement of CMM from explorer to producer. We expect the promotion of Paul Criddle will be viewed positively as he had already started to take a more active market facing role at CMM. Securing the formal approvals for Mt Gibson remains the key near-term catalyst for CMM. Gold production is forecast to more than double over the next three years, and we reiterate our BUY rating on CMM.
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