Shearing’s appointment comes after outgoing CEO Jose Antonio Berlanga told shareholders that he is stepping down, citing personal reasons.
Under Shearing’s direction, the Vancouver-based company transformed the Tahuehueto gold project from an early-stage exploration play to a 1,000 tonne-per-day underground gold operation.
Shearing, who co-founded Telson, is a professional geologist with over 33 years of experience in senior management positions within Canadian public markets.
Telson's Tahuehueto mining project, located in north-western Durango State, Mexico is currently under construction having advanced to nearly 70% completion. Its Campo Morado project is a polymetallic base metal mine with mining and milling equipment capable of producing up to 2,500 tonnes per day.
The returning CEO boasts a long and successful career with Telson.
"I am happy to once again accept the role as Telson's CEO on an interim basis as the company continues production at its Campo Morado base metal mine and works with its current lenders and future funders to arrange the final funding required to complete construction of its Tahuehueto gold mine where construction has advanced to an estimated 70% completion,” Shearing told shareholders in a statement.
The company thanked Berlanga for his contributions and wished him well in his future business endeavours.
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