TORONTO, Sept. 9,
2024 /PRNewswire/ - New Gold Inc. ("New Gold" or
the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to
announce that Sophie Bergeron and
Ross Bhappu have been appointed to
its Board of Directors (the "Board").
Sophie brings over 20 years of mining experience with a focus on
operations and project management, as well as a strong
sustainability background focused on safe mining. Sophie is
currently the Managing Director, Diamonds for Rio Tinto Iron and
Titanium and Diamonds where responsibilities include managing
operations and projects in Canada
and Africa, and leading the
Health, Safety, Environment, Security and Communities teams. Sophie
is also responsible for Rio Tinto Minerals Climate Change Strategy,
leading and supporting sites to achieve decarbonization targets.
Prior to Rio Tinto, Sophie spent 10 years at Newmont Mining, most
recently as the General Manager of the Eleonore Mine in
Quebec from 2017 to 2020. Prior to
Newmont, Sophie spent 10 years at Xstrata Nickel, most recently as
the Continuous Improvement Superintendent. Sophie has a bachelor's
degree in mining engineering from Ecole Polytechnique de
Montreal, a Professional
Certificate in Operations from Melbourne
University, and is a Six Sigma Brown Belt. Sophie is a
Professional Engineer and member of the Quebec Professional
Engineers Association.
Ross brings over 30 years of experience in mining, overseeing
and financing mining projects and activities for both senior and
junior mining companies. Ross has spent over 20 years at Resource
Capital Funds ('RCF') where he is currently Senior Strategic
Advisory Partner and was previously the head of RCF's Private
Equity Funds. He serves as Chair of the Private Equity Mature
Funds Investment Committee. In his current role, Ross is
responsible for serving as an ambassador for the firm, building
relationships with potential and existing investors, evaluating
investment merits, and developing and executing business strategies
for each investment. Prior to Resource Capital Funds, Ross was
President and Chief Executive Officer of GTN Copper Corporation
from 1998-2001, and Director of Business Development at Newmont
Mining Corporation from 1993-1997. Ross holds a Ph.D. in Mineral
Economics from the Colorado School of
Mines, an M.S. in Metallurgy from the University of Arizona, and a B.S. in Metallurgical
Engineering from the University of
Arizona.
"Sophie's operational discipline and focus on safety, and
Ross' technical and financial expertise will be proven assets for
New Gold," said Richard O'Brien,
Chair of the Board. "I am pleased to welcome Sophie and Ross to our
Board at a time where New Gold continues to demonstrate its ability
to deliver on its strategic objectives in pursuit of our mission to
be a leading intermediate gold producer. I am confident Sophie and
Ross bring the right professional experience to accelerate this
strategy."
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. The Company also holds other
Canadian-focused investments. 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.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including
any information relating to New Gold's future financial or
operating performance are "forward-looking". All statements in this
news release, other than statements of historical fact, which
address events, results, outcomes or developments that New Gold
expects to occur are "forward-looking statements". Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "targeted", "estimates", "forecasts", "intends",
"anticipates", "projects", "potential", "believes" or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "would", "should", "might" or "will be
taken", "occur" or "be achieved" or the negative connotation of
such terms. Forward-looking statements in this news release
include, among others, statements with respect to: anticipated
benefits for the Company and expectations regarding the future
success of the Company, including the Company's ability to
successfully deliver on its objectives and its strategy.
All forward-looking statements in this news release are based on
the opinions and estimates of management that, while considered
reasonable as at the date of this news release in light of
management's experience and perception of current conditions and
expected developments, are inherently subject to important risk
factors and uncertainties, many of which are beyond New Gold's
ability to control or predict. Certain material assumptions
regarding such forward-looking statements are discussed in this
news release, New Gold's latest annual management's discussion and
analysis ("MD&A"), its most recent annual information form and
technical reports on the Rainy River Mine and New Afton Mine filed
on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In
addition to, and subject to, such assumptions discussed in more
detail elsewhere, the forward-looking statements in this news
release are also subject to the following assumptions: (1) there
being no significant disruptions affecting New Gold's operations,
including material disruptions to the Company's supply chain,
workforce or otherwise; (2) political and legal developments in
jurisdictions where New Gold operates, or may in the future
operate, being consistent with New Gold's current expectations; (3)
the accuracy of New Gold's current Mineral Reserve and Mineral
Resource estimates and the grade of gold, silver and copper
expected to be mined; (4) the exchange rate between the Canadian
dollar and U.S. dollar, and to a lesser extent, the Mexican Peso,
and commodity prices being approximately consistent with current
levels and expectations for the purposes of 2024 guidance and
otherwise; (5) prices for diesel, natural gas, fuel oil,
electricity and other key supplies being approximately consistent
with current levels; (6) equipment, labour and materials costs
increasing on a basis consistent with New Gold's current
expectations; (7) arrangements with First Nations and other
Indigenous groups in respect of the New Afton Mine and Rainy River
Mine being consistent with New Gold's current expectations; (8) all
required permits, licenses and authorizations being obtained from
the relevant governments and other relevant stakeholders within the
expected timelines and the absence of material negative comments or
obstacles during the applicable regulatory processes; and (9) the
results of the life of mine plans for the Rainy River Mine and the
New Afton Mine being realized.
Forward-looking statements are necessarily based on estimates
and assumptions that are inherently subject to known and unknown
risks, uncertainties and other factors that may cause actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. Such factors include, without
limitation, the "Risk Factors" included in New Gold's most recent
annual information form, MD&A and other disclosure documents
filed on and available on SEDAR+ at www.sedarplus.ca and on EDGAR
at www.sec.gov. Forward looking statements are not guarantees of
future performance, and actual results and future events could
materially differ from those anticipated in such statements. All
forward-looking statements contained in this news release are
qualified by these cautionary statements. New Gold expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
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SOURCE New Gold Inc.
