Ascot Resources CEO on the Decision to Pause Operations at the Premier Mine and its Path Forward in Mine Development
Derek White, CEO of Ascot Resources, discusses the challenges faced by the company, particularly regarding the Premier Gold Mine, which was placed on care and maintenance in September due to insufficient mine feed and operational difficulties. He elaborates on the decision-making process behind this move, the management of personnel during the transition, and the future development plans for the mine. Additionally, he touches on the financing efforts closed earlier this week, shareholder dynamics, and the importance of transparency in communication with stakeholders as the company navigates through the continued mine development throughout the winter.