Michael Hepworth, President & CEO: An accomplished entrepreneur and business leader with more than 35 years diverse international business experience, Mr. Hepworth has started and built 5 successful businesses from the ground up and consulted and advised businesses, in many sectors including professional and financial services, high tech, engineering, and manufacturing. Mr. Hepworth has over 15 years of corporate development and senior management experience in the resources industry and is an experienced negotiator of technology agreements, corporate acquisitions, and divestitures.
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The Laiva deposit is located in Raahe, Finland and is one of the largest gold resources in the region. It is a conventional open pit mine with 2 pits.
Exploration in the Laiva area started in 2005. Previously the area was worked by both Endomines Oy and Outokumpu. The operation includes two pits and a recently constructed 6,000 tpd, state-of-the-art process plant designed by Metso and constructed by Outotec. Historic expenditure on the property is estimated at €220 million.