7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...
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Canadian miner New Gold abruptly cuts ties with CEO Renaud Adams


Canadian gold miner New Gold Inc. NGD-T has unexpectedly cut ties with its chief executive officer of more than four years and is providing little explanation for his exit.

Toronto-based New Gold said that Renaud Adams, who’d been in the role since September, 2018, has stepped down as both CEO and a board member.

Mr. Adams will be replaced by Patrick Godin, the company’s chief operating officer. Mr. Godin joined New Gold earlier this year, after previously serving as COO with Pretium Resources Inc. Australia’s Newcrest Mining Ltd. acquired Pretium earlier this year.

Scotia Capital Inc. analyst Trevor Turnbull wrote in a note to clients that the announcement about the executive change at the top of New Gold was “abrupt,” and the timing “unexplained.”

Related: Golden blunders: How a string of technical mishaps has hampered Canada’s junior gold miners

New Gold operates two mines in Canada, Rainy River in Ontario, and New Afton in British Columbia.

Earlier this year, Rainy River was hit with heavy rains, which caused flooding in the open pit gold mine mine. Consequently, the company’s second quarter production came in far weaker than expected, and New Gold was forced to cut its forecast for the rest of the year.

Gold analyst John Ing with Maison Placements in Toronto recently sounded a somber note on New Gold’s prospects. Citing Rainy River’s high cost structure, its low grade of gold, and New Gold’s high debt levels, he wrote in a note to client that the company’s difficulties “are expected to continue,” and he advised clients to sell the shares.

New Gold’s shares are down 16 per cent this year, which puts it in the bottom third of the TSX Global Gold Index in terms of performance.

https://www.tausiinsider.com/canadian-miner-new-gold-abruptly-cuts-ties-with-ceo-renaud-adams/?feed_id=333084&_unique_id=6473bdddad253

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