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Medusa CEO/managing director to retire

Medusa Mining Ltd. said June 15 that Boyd Timler will retire as CEO and managing director, effective July 6, citing the extent of travel requirements associated with the role.

Andrew Teo will assume the role of interim CEO until a replacement can be named.

Meanwhile, General Manager for Engineering Dave McGowan was promoted to COO, and Peter Hepburn-Brown was added to the board as independent nonexecutive director.

In March, a nonbinding memorandum of understanding lapsed with SEA Resources Pty. Ltd. and SEA's Cambodian unit, Sovann Resources Co. Ltd., for an exploration opportunity in the country's Prek Kampi region focused on gold and copper.