Leadership Transition at New Gold Inc. Signals New Operational Directions

Leadership Change at New Gold Inc.

On February 3, 2025, New Gold Inc. announced a significant change within its senior management structure as Executive Vice President and Chief Operating Officer, Mr. Yohann Bouchard, and the Company have mutually agreed to part ways. Mr. Bouchard's tenure at New Gold officially ended on January 31, 2025. The company has expressed gratitude for his contributions during his time, notably acknowledging the milestones achieved under his leadership.

Patrick Godin, the President and CEO of New Gold, recognized Mr. Bouchard's impact since he joined the team in April 2023. Under his supervision, New Gold navigated its operational challenges effectively and reached critical free cash flow milestones by the middle of 2024. Godin remarked, “I thank Yohann for his contribution to New Gold during his tenure. Since joining the Company in April 2023, we achieved significant milestones and successfully advanced our operations.” This statement underscores the importance of Bouchard's role in steering the company through a crucial period.

This departure opens the door for new operational leadership, and Godin hinted at an exciting future. He stated enthusiasm for the opportunity to present New Gold’s revamped operational outlook and updated technical reports soon, which are expected to demonstrate the company's commitment to maximizing free cash flow generation in the coming years.

New Gold has positioned itself as a key player within the Canadian mining sector, focusing on sustainability and social responsibility. The company operates two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine. Their ongoing commitment to environmental and social governance reflects their vision of becoming a premier intermediate gold company in Canada.

As New Gold embarks on this transitional phase, stakeholders and investors may anticipate fresh strategies and initiatives aimed at enhancing productivity and profitability. New leadership often brings new perspectives, and with the current operational developments underway, the industry will be watching closely.

For further insights and detailed information about the latest developments in New Gold, interested parties are encouraged to visit their official website. The management reshuffle marks a pivotal moment, as the company aims to solidify its standing in a competitive environment. This commitment to innovation and operational excellence positions New Gold to thrive and adapt in a rapidly changing market landscape.

About New Gold

New Gold Inc. is a Canadian-focused intermediate mining company with two core producing assets, the Rainy River gold mine and the New Afton copper-gold mine. The company is dedicated to responsible mining and aims to build a leading, diversified, and sustainable intermediate gold business in Canada.

For detailed information about New Gold Inc., please visit www.newgold.com.