Australia's Golden Rim Resources drops after CEO exit

Asara Resources

31/10/2022 02:36

** Shares of Golden Rim Resources  GMR.AX  fall up to 7.5%
to A$0.037, their biggest pct loss since Oct. 21
    ** The gold explorer announces Craig Mackay to step down as
chief executive and managing director after 21 years
 urn:newsml:reuters.com:*:nASX4jhCf2
    ** Says Tim Strong to replace Mackay from Nov. 1
    ** GMR says Strong's commodity experience with a focus on
West African gold will aid co to progress its Kada Gold project
    ** Stock hits its lowest since Oct. 25
    ** Broader gold sub-index  .AXGD  down 1.4%
    ** GMR down 71.4% this year as of last close
 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))