New Gold Management
Management criteria checks 1/4
New Gold's CEO is Pat Godin, appointed in Nov 2022, has a tenure of 1.5 years. total yearly compensation is $3.10M, comprised of 17.1% salary and 82.9% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth CA$267.94K. The average tenure of the management team and the board of directors is 1.1 years and 6.1 years respectively.
Key information
Pat Godin
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 17.1% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.1yrs |
| Board average tenure | 6.1yrs |
Recent management updates
Recent updates
Investors Still Aren't Entirely Convinced By New Gold Inc.'s (TSE:NGD) Revenues Despite 43% Price Jump
Mar 30
Is New Gold (TSE:NGD) Using Too Much Debt?
Mar 12Not Many Are Piling Into New Gold Inc. (TSE:NGD) Just Yet
Jan 19Is New Gold (TSE:NGD) A Risky Investment?
Jul 12Is New Gold (TSE:NGD) A Risky Investment?
Mar 02New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt
Aug 20These 4 Measures Indicate That New Gold (TSE:NGD) Is Using Debt Reasonably Well
Apr 25New Gold's (TSE:NGD) Earnings Are Of Questionable Quality
Mar 02Analysts Are More Bearish On New Gold Inc. (TSE:NGD) Than They Used To Be
Feb 28Here's Why New Gold (TSE:NGD) Has A Meaningful Debt Burden
Nov 07Does New Gold (TSE:NGD) Have A Healthy Balance Sheet?
Aug 04New Gold Inc. (TSE:NGD) On The Verge Of Breaking Even
May 10Have Insiders Been Buying New Gold Inc. (TSE:NGD) Shares This Year?
Feb 01
Could The New Gold Inc. (TSE:NGD) Ownership Structure Tell Us Something Useful?
Jan 11Loss-Making New Gold Inc. (TSE:NGD) Expected To Breakeven In The Medium-Term
Dec 21New Gold (TSE:NGD) Shareholders Have Enjoyed An Impressive 105% Share Price Gain
Nov 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$76m |
| Dec 31 2023 | US$3m | US$528k | -US$64m |
| Sep 30 2023 | n/a | n/a | -US$54m |
| Jun 30 2023 | n/a | n/a | -US$55m |
| Mar 31 2023 | n/a | n/a | -US$91m |
| Dec 31 2022 | US$2m | US$281k | -US$67m |
Compensation vs Market: Pat's total compensation ($USD3.10M) is above average for companies of similar size in the Canadian market ($USD1.77M).
Compensation vs Earnings: Pat's compensation has increased whilst the company is unprofitable.
CEO
Pat Godin (54 yo)
1.5yrs
Tenure
US$3,096,459
Compensation
Mr. Patrick Godin, also known as Pat, B.Sc., P.Eng., M. Eng., Asc., Eng., served as the Vice President and Chief Operating Officer at Pretium Resources Incorporated since August 1, 2020. He serves as Chief...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.5yrs | US$3.10m | 0.016% $ 267.9k | |
| Executive VP & COO | 1.1yrs | US$1.40m | 0.015% $ 238.1k | |
| VP, General Counsel & Corporate Secretary | 4.5yrs | US$891.81k | 0.016% $ 261.5k | |
| Executive Vice President of Strategy & Business Development | no data | US$1.12m | 0.017% $ 276.6k | |
| Executive VP & CFO | 1.1yrs | no data | 0.0067% $ 110.2k | |
| Vice President of Technical Services | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Head of Human Resources | 3.3yrs | no data | no data | |
| Vice President of Geology | 1.1yrs | no data | no data | |
| Treasurer | less than a year | no data | no data | |
| General Manager of New Afton | no data | no data | no data | |
| General Manager of Rainy River | no data | no data | no data |
1.1yrs
Average Tenure
Experienced Management: NGD's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 21.5yrs | US$3.10m | 0.016% $ 267.9k | |
| Independent Chairman | 8.1yrs | US$261.89k | 0.0039% $ 64.7k | |
| Independent Director | 3yrs | US$150.95k | no data | |
| Independent Director | 6.1yrs | US$169.82k | no data | |
| Independent Director | 3yrs | US$150.95k | no data | |
| Independent Director | 6.9yrs | US$177.36k | no data | |
| Independent Director | 6.1yrs | US$165.10k | no data | |
| Independent Director | 5yrs | US$162.27k | no data | |
| Independent Director | less than a year | no data | no data |
6.1yrs
Average Tenure
63yo
Average Age
Experienced Board: NGD's board of directors are considered experienced (6.1 years average tenure).