IKN

with good capon lined

Renaud Adams is resigned from New Gold (NGD)

Back in September 2018 on his appointment, it was this:

“We are very pleased that Renaud will be joining our team as President and CEO,” stated Ian Pearce, Chair of the Board of New Gold. “His extensive experience in the gold sector and operational background will be of tremendous benefit, and his proven track record of delivering on production and costs will be invaluable as we advance the Company’s corporate strategy.”

Today November 2022, things were rather more terse:

Mr. Pearce also added “On behalf of our shareholders and the Board, I want to thank Renaud Adams for his service and contribution to the Company and for his ongoing assistance in ensuring a seamless transition for Mr. Godin.”

Not exactly ignored, but the recent string of production shortfalls and the Harte Gold snafu have all added up, it seems. My first reaction on reading today’s news was “Looks like Q4 will suck, too” and after due reflection, that’s the one I’m sticking with.

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