New Gold Inc. (TSX: NYSE:NGD) (NYSE American: NGD), a Canadian-focused intermediate mining company, on Wednesday, said that Richard O'Brien will take the position of Chair of the Board starting August 1, 2024.
The transition follows O'Brien's appointment to the Board on March 25, 2024, and aligns with the planned retirement of the current Chair, Ian Pearce, on the same date.
The company expressed its appreciation for Pearce's eight years of service and his contributions during the transition period.
O'Brien, the incoming Chair, said, "New Gold is well positioned to take advantage of this significant free cash flow period, as we pursue our goal of being a miner of choice, and a leading intermediate gold producer."
New Gold operates two core-producing assets in Canada: the Rainy River gold mine and the New Afton copper-gold mine. The company's vision is to establish itself as a leading diversified intermediate gold company based in Canada, with a strong commitment to environmental and social responsibility.
The company is focusing on leveraging the anticipated free cash flow period and expectations for future success.
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