Intermediate gold mining company New Gold Inc. (New Gold) has appointed Raymond Threlkeld as the new President and CEO of the company. Threlkeld succeeds Hannes Portmann, who has left the company to pursue other opportunities. Threlkeld will continue as a member of the Board of Directors.
Threlkeld will bring extensive operating and executive leadership experience to the team; this is highlighted by his strong track record of value creation and his depth of knowledge of New Gold's operating assets. He has been a member of the company's Board since 2009 and was the company's Interim Chief Operating Officer from December 2016 to September 2017. Prior to that, Threlkeld was President and CEO of Rainy River Resources Ltd. through 2013 when it was acquired by New Gold, and from 2006 to 2009, he was President and CEO of Western Goldfields Inc. when it merged with New Gold.
"On behalf of New Gold and the Board of Directors, I would like to thank Hannes for his dedication and significant contributions since joining the company in 2008, and most particularly in bringing the Rainy River Mine into production during his tenure as President and CEO. We wish him great success in his future endeavours," stated Ian Pearce, Chair of the Board.
"Under Ray's leadership, New Gold will continue to focus on delivering steady, operational performance at Rainy River and enhancing our financial flexibility to execute on our capital priorities," added Pearce.
"I look forward to working with Ray as we continue to advance a disciplined approach to both productivity and value creation from our portfolio of long-life assets. We want to ensure that every dollar we generate is applied to the highest-returning opportunity – whether that is building our balance sheet strength or enhancing the ability of our assets to deliver strong and stable returns."
Read the article online at: https://www.globalminingreview.com/finance-business/10052018/new-gold-appoints-new-president-and-ceo/