Mr. Penny is a Chartered Professional Accountant with over 30 years of experience in financial management, strategic planning and financial reporting. Formerly, Mr. Penny was the Executive Vice President and CFO of New Gold Inc., a multi-national mining company, from 2009 until 2017; the Vice President of Finance and CFO of Kinross Gold Corporation, one of the world's largest gold producers from 1993 until 2004; the CFO of Western Goldfields Inc. from 2006 to 2009; and the CFO of Silver Bear Resources Plc from 2005 to 2009. Mr. Penny also formerly served as a member of the Board of Directors of Equinox Minerals Limited from 2004 to 2011 when it was acquired by Barrick Gold Corporation; Alamos Gold Inc. from 2005 to 2008; and Baffinland Iron Mines Limited  from 2004 to 2008.  In addition, he has been a director of Maverix Metals Inc. since July 2019.  Mr. Penny obtained his Diploma in Business-Accounting and Finance from Cambrian College and is a CPA, CMA.