Former Kagara chief executive Geoff Day has been appointed chief executive of gold miner Kingsgate Consolidated, replacing Gavin Thomas who died from an illness last month.
The former Newcrest and Rio Tinto executive said he looked forward to working with the Kingsgate team to realise the full potential of the company's asset base.
He will be paid $675,000 along with short and long term incentives.
Sydney-based Kingsgate owns the Chatree gold mine in Thailand, the Challenger mine in South Australia and has interests in two development projects in Australia and South America.
Kingsgate shares were up 2.5 cents, or 2.72 per cent, to 94.5 cents at 12.25pm.