StockNews.AI
NGD
StockNews.AI
197 days

NEW GOLD ADVISES OF SENIOR MANAGEMENT CHANGE

1. New Gold's COO, Yohann Bouchard, has mutually departed from the company. 2. Bouchard's last day was January 31, 2025, leaving a leadership vacancy. 3. Company is expected to announce new operational leadership soon. 4. New Gold achieved significant milestones and improved free cash flow in recent months.

4m saved
Insight
Article

FAQ

Why Neutral?

Leadership changes often yield mixed reactions; past changes have shown volatility.

How important is it?

Leadership changes are significant but may not alter overall company performance drastically.

Why Short Term?

Short-term impact due to leadership adjustment; long-term effectiveness will depend on new CEO.

Related Companies

NGD
, /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American: NGD) wishes to advise that Mr. Yohann Bouchard and the Company have mutually decided to part ways. Mr. Bouchard's last day as Executive Vice President and Chief Operating Officer was January 31, 2025. New Gold thanks Mr. Bouchard for his contribution and wishes him well with his future endeavors.   "I thank Yohann for his contribution to New Gold during his tenure," stated Patrick Godin, President & CEO. "Since joining the Company in April 2023, we achieved significant milestones and successfully advanced our operations through the free cash flow inflection point in mid-2024. With this transition, it creates for us an opportunity for new operational leadership. I am excited to present New Gold's operational outlook and updated technical reports later this month and illustrate our ability to maximize our free cash flow generation in the years to come." About New Gold  New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com.  SOURCE New Gold Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

Related News