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New Gold, Inc.

New Gold, Inc.

Sector: Gold Ores Region: Canada


: | Toronto Stock Exchange: NGD | NYSE MKT: NGD


New Gold is an intermediate gold mining company. The company has a portfolio of three producing assets and three significant development projects. New Gold’s most immediate development project, New Afton, is scheduled to begin production in mid-2012 and together with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia, the company is forecasting between 405,000 and 445,000 ounces of gold production in 2012. In addition, New Gold owns 30% of the world-class El Morro project located in Chile and 100% of the exciting Blackwater project in Canada.

Executives

Randall Oliphant, Executive Chairman and Director
Randall Oliphant is Executive Chairman of New Gold. Until the spring of 2011 he was also President and Chief Executive Officer of Silver Bear Resources Inc. of which he remains a director and Chairman. Mr. Oliphant is on the Advisory Board of Metalmark Capital LLC (formerly Morgan Stanley Capital Partners), and serves on the boards of WesternZagros Resources Ltd. and Franco-Nevada Corporation. Since 2003, Mr. Oliphant has served on the boards of a number of public and private companies and not-for-profit organizations. From 1999 to 2003, he was the President and Chief Executive Officer of Barrick Gold Corporation. From 2006 to 2009, he was Chairman of Western Goldfields Inc. Mr. Oliphant is a Chartered Accountant.
Robert Gallagher, President, Chief Executive Officer and Director
Robert Gallagher’s principal occupation is the President and Chief Executive Officer of New Gold. Mr. Gallagher has worked in the mining industry for over 32 years and spent 15 years with Placer Dome Inc. and from August 2000 to December 2007 with Newmont Mining Corporation, most recently as Vice President, Operations, Asia Pacific. Before the business combination of Peak Gold, Metallica and New Gold, Mr. Gallagher was the President and Chief Executive Officer of Peak Gold from February 2008. Mr. Gallagher holds a Bachelor of Applied Science in Mineral Processing.
Brian Penny, Executive Vice President and Chief Financial Officer
Mr. Penny has over 23 years of experience in mine finance and accounting. He has been the Executive Vice President and Chief Financial Officer of the Company since June 2009. He was the Chief Financial Officer of Western Goldfields from 2006 to 2009. From 2005 to spring 2011, Mr. Penny was also the Chief Financial Officer of Silver Bear Resources Inc. From 2004, Mr. Penny was a Director of and chaired the Audit Committee of Equinox Minerals Limited until the acquisition of the company by Barrick in 2011. Mr. Penny was the Chief Financial Officer of Kinross Gold Corporation 1993 – 2004. Mr. Penny is a Certified Management Accountant.
Brett Gagnon, Vice President, Information Technology
Mr. Gagnon has over 16 years of experience in a variety of senior strategic I.T. roles across multiple industries, providing sound decision making and strong leadership. Most recently, he was Director, Information Technology for Western Goldfields, a junior gold mining company. Before that he served as a Project Manager for large scale Infrastructure projects for the Government of Ontario.
John Marshall, Vice President, Human Resources
Mr. Marshall has over 23 years' experience in human resources spanning the energy, semiconductor and banking industries. He was previously the Director of Worldwide Human Resource Operations for PMC-Sierra Inc. where he managed human resources operations for employees in over 10 countries. Prior to PMC-Sierra, Mr. Marshall held various human resources roles at Duke Energy, Westcoast Energy and NatWest Group plc.
Ernie Mast, Vice President, Operations
Ernie has over 23 years of mining experience throughout the Americas. Most recently, Ernie was President and CEO of Minera Panama, a subsidiary of Inmet Mining Corporation, where he headed up Inmet's major development project in Panama. Prior to working with Inmet, Ernie worked with Xstrata and its preceding companies for 20 years in various positions including President and General Manager of the Falcondo operations in the Dominican Republic. Ernie holds Bachelor's and Master's degrees in Metallurgical Engineering.
Armando Ortega, Vice President, Latin America
Mr. Ortega is New Gold's Vice President of Latin America and Managing Director of Minera San Xavier S.A. de C.V. Previously he was Vice President, Legal and General Counsel At Southern Copper, a subsidiary of Grupo Mexico. Prior to that he was the General Counsel of Grupo Mexico and had also held positions in the Mexican federal government where he participated in trade negotiations with the US and Canada (NAFTA) and the European Union. Mr. Ortega is an attorney at law from the Escuela Libre de Derecho in Mexico City where he graduated with honours. He is also a member of the Board of both the Mexican Mining Chamber and the Canadian Chamber of Commerce.
Barry O’Shea, Vice President, Corporate Controller
Mr. O’Shea has over 15 years of finance and accounting experience across multiple industries and countries. He most recently served as the Chief Financial Officer of Gate Gourmet North America. Previously, he spent eight years with The Lincoln Electric Company in Canada, the Netherlands and the United Kingdom moving to progressively senior finance positions. Mr. O’Shea is a Chartered Management Accountant and has an Honours Business Administration degree from the Richard Ivey School of Business, University of Western Ontario.
Mark Petersen, Vice President, Exploration
Mr. Petersen is an economic geologist with over 28 years of mining industry experience in the Americas. Previously, Mr. Petersen held the position of Vice President of Exploration for Metallica Resources Inc., where he was responsible for leading the exploration and development of the Cerro San Pedro project in Mexico, acting as the company’s technical liaison for the El Morro joint venture project in Chile, developing and managing a portfolio of earlier stage exploration projects in Chile, Brazil, and Alaska, and directing generative exploration work throughout the Americas. Prior to his term with Metallica, Mr. Petersen held positions as an exploration geologist with Lac Minerals Inc. and predecessor companies Bond Gold Inc. and St. Joe Gold Inc.
Hannes Portmann, Vice President, Corporate Development
Mr. Portmann has been working with mining companies in a financial capacity since his career began. Before joining Western Goldfields in 2008 he was an Associate in the Merrill Lynch Investment Banking Mining Group, where he worked in an advisory role on merger and acquisition mandates as well as equity and debt offerings. Previously, Mr. Portmann held roles in both the assurance and advisory practices of PricewaterhouseCoopers LLP. Mr. Portmann holds a Bachelor of Science in Mining Engineering from Queen’s University, a Masters of Management and Professional Accounting from the Rotman School of Management, University of Toronto and is a Canadian Chartered Accountant.
Susan Toews, Vice President, Legal Affairs, and Corporate Secretary
Ms. Toews has over 18 years’ corporate, securities legal experience and was previously Corporate Secretary of Peak Gold Ltd. She was also previously General Counsel at egX Canada, an emerging marketplace working toward the securitization of real estate assets and Senior Legal Counsel with the British Columbia Securities Commission (BCSC). She was the BCSC representative on the Canadian Securities Administrators committee that developed the national rule on disclosure of corporate governance, corporate governance guidelines and the national rule on auditor oversight. Ms. Toews holds a Bachelor of Arts (Hons.) from the University of Victoria, and a Bachelor of Laws from the University of Saskatchewan.
Martin Wallace, Treasurer
Mr. Wallace has over 10 years of finance and investment management experience. Before joining New Gold in 2008 he spent four years at Dalton Strategic Partnership LLP, an equity-focused hedge fund based in London, UK, as an investment analyst and a product development specialist. Prior to that he worked for Schroders Investment Management, also in London, UK. Mr. Wallace has a Bachelor of Arts Honours degree in Business from the Nottingham Trent University and is a Chartered Financial Analyst.

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