06:37 AM EDT, 10/23/2024 (MT Newswires) -- Fokus Mining ( FKMCF ) late on Tuesday said it has appointed Philippe MacKay as its new chief executive, effective Nov. 4.

MacKay previously held the position of mine manager for the Cariboo gold project at the Osisko Group.

"I am fully committed on developing the Galloway Project in this well-known mining district," MacKay said. "My main objective is to deliver maximum value for all Fokus shareholders."

Fokus' share price fell 5.3% to $0.09, still near 52-week highs, on Tuesday.