African Barrick Gold CFO leaves for Canadian mining company

TANZANIA-focused miner African Barrick Gold yesterday lost its chief financial officer, as it said he is to move back to his native Canada.

Kevin Jennings is to take up a similar role at an unnamed mining firm in the country, but will remain with the London-listed miner to oversee the completion of the first stages of the operational review, which was launched in January.

Jaco Maritz, vice president of finance at African Barrick Gold, will assume Jennings’ day-to-day responsibilities.

The FTSE 250 gold miner is still reeling from a difficult year, which saw talks collapse regarding a sale to a Chinese national gold firm and the operational review launched in the wake of parent Barrick Gold’s inability to sell its African arm.

Last month African Barrick Gold posted disappointing results for the full year and forecast lower production for the fourth year in a row, to between 540,000 and 600,000 ounces of gold.

Shares in African Barrick Gold closed down 1.72 per cent yesterday at 245.7p.