Tasiast bites

摘要

The world for gold company chief executives seems to be getting tough with news out of North America that another has been relieved of his duties due to the poor performance of African acquisitions.Canadian miner Kinross Gold Corp named Paul Rollinson its new chief executive on August 1, replacing long-time chief executive Tye Burt, who spearheaded its massive acquisition of Red Back Mining that has so far failed to live up to expectations.The announcement, just ahead of Kinross's quarterly results, had some on Wall Street fearing further bad news from the miner which has already seen its share price halve within the last year.