LONDON (ShareCast) - (Sharecast News) - Jangada Mines announced the appointment of Paulo Guimarães Misk as its chief executive officer on Wednesday, with current executive chairman Brian McMaster set to move to a non-executive role.
The AIM-traded firm said Misk, a Brazilian national with around 40 years' mining experience, would focus on advancing the company's Paranaíta Gold Project in the Alta Floresta - Juruena gold province and driving its gold development strategy.

"With decades of experience delivering value across complex mining operations, Paulo is uniquely equipped to lead our next phase of growth," commented McMaster.

"His immediate focus will be to accelerate the development of the Paranaíta Gold Project in Brazil, where we see clear potential to build a scalable, high-quality asset in a proven mining jurisdiction."

Jangada said Misk has held senior roles at Anglo American, AMG, RHI Magnesita and Largo Inc., where he led a turnaround from near-bankruptcy to $316m in net income within two years.

Misk said Jangada had "an exciting portfolio and a clear corporate development strategy" and pledged to build on its existing assets while seeking additional opportunities to create a significant mining entity.

His career included leadership of major projects across lithium, gold, vanadium, titanium and niobium, and industry roles such as president of the Bahia Mining Association and board member of the Brazilian Mining Institute.

At 1432 BST, shares in Jangada Mines weer up 19.16% at 0.57p.

Reporting by Josh White for Sharecast.com.

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