Why Is Piche Resources’ MD Karilyn Farmer Leaving? Meet Her Successor Claudio Devaux
Piche Resources announces the resignation of Managing Director Karilyn Farmer effective April 2026, with seasoned geologist Claudio Devaux appointed as country manager to ensure continuity in exploration activities.
- Karilyn Farmer resigning as Managing Director effective 20 April 2026
- Claudio Devaux appointed as country manager, taking over key responsibilities
- Devaux brings 35+ years' experience with major mining companies
- No disruption expected to ongoing exploration in Argentina
- Search underway for new MD/CEO before Farmer's departure
Leadership Transition at Piche Resources
Piche Resources Limited (ASX:PR2) has announced a significant leadership change with Managing Director Karilyn Farmer tendering her resignation, effective 20 April 2026. Farmer, who has been at the helm during a critical phase of the company’s precious metals exploration efforts, is moving on to a role with a European near-term gold producer. Despite her departure, she will remain in her position for the next two months to facilitate a smooth transition.
Experienced Geologist Steps In
To maintain operational momentum, Piche has appointed Claudio Devaux as country manager. Devaux is a geologist with over 35 years of experience spanning precious metals, copper, and uranium exploration and development. His career includes senior roles at major international mining firms such as AngloGold Ashanti, Yamana Gold, and BHP Billiton. Notably, Devaux has extensive experience working in Argentina and Latin America, which aligns closely with Piche’s exploration activities in the region.
Devaux’s track record includes involvement in major discoveries like the Agua Rica copper-gold-molybdenum deposit and the Dorso de Los Chihuidos copper-uranium deposit in Argentina. His credentials are further bolstered by memberships in professional bodies such as the Australasian Institute of Mining and Metallurgy and registration as a Competent Person with the Colombian Commission of Resources and Reserves.
Ensuring Continuity Amid Change
The company has emphasised that with Devaux’s appointment and the continued presence of Executive Director Pablo Marcet in-country, there will be no disruption to ongoing exploration activities. This reassurance is critical for investors and stakeholders who closely watch operational continuity during leadership transitions in the mining sector.
Meanwhile, Piche has commenced a search for a new Managing Director or CEO, aiming to have a successor in place before Farmer’s departure in April. The new appointment will be pivotal in steering the company through its next phase of growth and exploration.
Looking Ahead
As Piche Resources navigates this leadership change, the market will be watching closely for updates on the new MD/CEO appointment and any strategic shifts that may follow. The company’s ability to maintain exploration momentum in Argentina, a region rich with mineral potential, will be a key factor in sustaining investor confidence.
Bottom Line?
Piche’s leadership shuffle sets the stage for a new chapter, investors await the next MD’s vision.
Questions in the middle?
- Who will be the new Managing Director or CEO, and what is their strategic vision?
- How will the leadership change impact Piche’s exploration timelines and project priorities?
- What are the implications of Farmer’s move to a European gold producer for Piche’s international partnerships?
