Mumbai: The World Gold Council (WGC) has announced the appointment of Mr. Randy Smallwood, President and CEO at Wheaton Precious Metals Corp. (“Wheaton”), as its new Chair. Mr. Smallwood succeeds Mr. Dushnisky of AngloGold Ashanti.

Mr. Smallwood was involved in the founding of Wheaton, was appointed President in 2010 and CEO in 2011. Mr. Smallwood is also the Chairman of the board for Special Olympics BC, a member of the board of Minerals Ed BC, and previously on the board of the BC Cancer Foundation. In 2015, Mr. Smallwood received the British Columbia Institute of Technology Distinguished Alumni Award, and in 2019, he received Business in Vancouver’s BC CEO of the Year Award in the enterprise category.

Randy Smallwood commented, “I am honoured to represent the World Gold Council as its new Chair, especially in these times when the importance of gold is becoming ever more apparent. There is no better industry body to advocate the case for gold than the World Gold Council, who has worked tirelessly to grow gold’s recognition as an essential allocation within any investment portfolio, while at the same time nurturing the more traditional demand segments. The World Gold Council is well-positioned to continue leading on landmark initiatives that support our industry, such as the development of the Responsible Gold Mining Principles. I look forward to working with David Tait and the rest of the team, and the entire Board to further advance the invaluable work of the World Gold Council and deliver industry-leading standards that help set the bar.”

World Gold Council Chief Executive, David Tait, commented, “I would like to thank Kelvin for his leadership of the Board of the World Gold Council over the last few months and am grateful for the guidance he provided to me. I wish him all the best with his new endeavours.

“Randy has been a valuable member of the Board for many years and brings a wealth of knowledge and industry experience. Randy is widely known and highly respected across the mining industry, which I believe will greatly help us in our endeavours to explain the important role that gold plays in today’s societies and the importance of gold as an asset class. I am very much looking forward to working closely with him as our new Chair.”