Just to go a little deeper on that ex-Regis and ex-Equigold element to both EMR and CMM Boards and Management teams - here's some stuff I did on that in December (2023):

The dark yellow/light orange highlights all refer to Regis Resources (RRL), and the blue refers to Equigold who were acquired by Lihir gold for $1B in 2008 (see here) and Lihir were aquired by Newcrest Mining in 2010 for a whopping $9.5 Billion. They severely overpaid. It was a cash/shares deal and Newcrest shares were overvalued at the time also so the price ended up being around that $9.5 Billion mark, up from the $8.5 Billion offer that NCM had first made. Then in 2023 New York Stock Exchange listed Newmont Goldcorp acquired Australia's Newcrest Mining (NCM) for US$16.8 Billion (A$26.2 Billion).

Here's what Intelligent Investor had to say about Equigold back in January 2006:

Equigold’s miserly miners

The misers at Equigold could show most miners a few things. Number one hard hat Nick Giorgetta has a long and successful history in the gold business. Year after year, the Equigold team manages to do a lot with remarkably little in the way of capital or geological endowment. American steel colossus Andrew Carnegie is quoted as advising businesspeople to ’watch the costs and the profits will take care of themselves’. Equigold seems to work to a similar philosophy.

Giorgetta himself owns 14% of the company and the rest of the board speaks for 20%. Whatever happens in the gold business, you can be confident that Equigold’s management will be acting in the interests of shareholders.

Mt Rawdon and Kirkalocka in Australia are Equigold’s current producing assets, although it hopes to get the Bonikro project into production if and when the political fog lifts in the Ivory Coast. Equigold sits squarely on our watch list, not for the ’blue sky’ over the Ivory Coast, but because of its astute management.

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Source: https://www.intelligentinvestor.com.au/recommendations/all-that-glitters-is-not-gold/54831 [January 2006]

Here's an interesting graphic I found from 2014, also featuring Nick Giorgetta:

Ahh, the memories...

OK, back to today, one decade later... No, hang on, let's roll back again for just a minute. Wayyyy back. To the early 1990s when Mr Nicola (Nick) Enrico Antonio Giorgetta (pictured above) was the MD of Samantha Gold, who later changed their name to Resolute Samantha in mid-1995 and then to Resolute Ltd in late 1996 and then to Resolute Mining Ltd (RSG.asx) in September 2001. Meanwhile Nick was a founding director of Equigold, then Managing Director until 2005 when he retired as Equigold's MD and assumed the role of executive chair until Equigold's merger with Lihir Gold in 2008). Nick then became non-executive chair of Regis Resources from May 2009 to October 2015, although Commsec shows Nick as having remained on the RRL Board for 7 years, until May 2016. More lately he's been a private investor, including in OreCorp (ORR) where Nick sold the 11.07% stake in ORR that he and his wife held (through their super fund, Rollason Pty Ltd) into the Perseus Mining (PRU) takeover on April 5th (8 days ago). He certainly likes his gold!

But anyway, enough about Nick. My point was that a lot of the Equigold people ended up at Regis, and even more of those who worked at Regis ended up at Capricorn (CMM) and Emerald (EMR), and if you've followed RRL, CMM and EMR, you'll have realised by now that the talent has well and truly left the building at RRL, and most of it has ended up at CMM & EMR.