An intermediate gold mining company, with a portfolio spanning Canada, the United States and Mexico, has announced a new President and CEO with rumours circling of a major asset sale.
New Gold has announced in a statement this week that it has appointed Renaud Adams as the new President and Chief Executive Officer of the company.
Adams’ new role is effective as of 12 September 2018 and he brings with him a wealth of experience having had multiple executive roles. Prior to his appointment, Adams was the President and CEO of Richmont Mines until it was sold to Alamos Gold last year.
During his tenure, Richmont’s flagship operation saw production levels double, mineral reserves triple and costs reduced, transforming the Island Gold Mine in Ontario into one of the lowest cost operating underground operations in the Americas.
He has also served as COO of Primero Mining Corporation and General Manager at IAMGOLD corporation.