New Gold announces departure of board director Christian Milau

TORONTO - New Gold Inc. (TSX:NGD) (NYSE American:NGD), a mining company with a market capitalization of $4.1 billion and impressive year-to-date returns exceeding 110%, announced Monday the resignation of Christian Milau from its Board of Directors, effective immediately. According to a company press release, Milau is leaving to pursue other opportunities.

Milau served on the board for approximately one year, during which time the Canadian-focused intermediate mining company engaged in various corporate development activities and operational initiatives. During this period, New Gold demonstrated strong operational performance, with revenue growth of 27% and a healthy gross profit margin of 58%.

Richard O’Brien, Chair of the Board, acknowledged Milau’s contributions during his tenure with the company, which operates two core producing assets in Canada - the New Afton copper-gold mine and the Rainy River gold mine.

New Gold describes itself as a Canadian-focused intermediate mining company that aims to be a leading intermediate gold producer through its mining operations.

The company has not announced a replacement for the departing board member.

In other recent news, New Gold Inc. reported its second-quarter 2025 earnings, exceeding expectations for earnings per share (EPS) but not meeting revenue projections. The company achieved an adjusted EPS of $0.11, which surpassed the anticipated $0.10, representing a 10% positive surprise. However, New Gold’s revenue came in at $308.4 million, falling short of the expected $321.9 million. These results were part of the company’s recent developments. Despite the higher-than-expected EPS, the revenue shortfall contributed to a decline in premarket trading. Analysts had projected different outcomes, highlighting the mixed results from the quarter. The company’s performance continues to be monitored closely by investors and analysts alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.