April 3, 2020 – New Gold Inc. reports that the Rainy River mine has begun a systematic ramp-up of operations following the completion of a voluntary 14-day suspension to adhere to provincial and federal COVID-19 guidelines related to out-of-country travel that impacted a significant portion of the local workforce. As the health and safety of our employees and communities remains our number one priority, operations will [...]
March 31, 2020 - New Gold Inc. today reports that it has closed the previously announced strategic partnership with Ontario Teachers? Pension Plan at the New Afton Mine for upfront cash proceeds of $300 million. New Gold now has approximately $590 million in total available liquidity, including approximately $390 million in cash and cash equivalents. About New Gold Inc. New Gold is a Canadian-focused intermediate gold [...]
New Gold Inc. today announced that National Instrument 43-101 technical reports for the Company's Rainy River Mine and New Afton Mine were filed on March 27, 2020. The reports are available under New Gold's profile on SEDAR at www.sedar.com and on the Company's website at www.newgold.com. About New Gold Inc. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in [...]
New Gold Inc. reports that its Rainy River Mine, which is close to the United States border, has temporarily suspended operations for a period of two weeks so that its local workforce can follow the fourteen day period of self-isolation as recommended by federal and provincial authorities relating to travel outside Canada as frequent border crossing is a common practice in the region. The requirement to self-isolate is [...]
New Gold Inc. is pleased to announce that it has entered into a strategic partnership with Ontario Teachers’ Pension Plan . Under the terms of the strategic partnership, Ontario Teachers’ has agreed to acquire a 46.0% free cash flow interest in the New Afton mine with an option to convert the interest into a 46.0% joint venture interest in four years, or have their interest remain as a free cash flow interest [...]
New Gold Inc. reports fourth quarter and annual results for the Company as well as its operational outlook for 2020. . An earnings conference call and webcast will begin at 12:00 pm Eastern Time to discuss the fourth quarter and year-end financial results and will be followed by a technical session to discuss the updated life of mine plans that were released today in a separate news release. . and Financial Statements [...]
New Gold Inc. reports results of the updated Life of Mine plans for the Rainy River and New Afton Mines. A National Instrument 43-101 Technical Report for each operation will be filed within 45 days. . The Company is also providing updated Mineral Reserves and Resources as of December 31, 2019. A technical session will be webcast directly following the Company’s fourth quarter earnings call, which is scheduled to [...]
New Gold Inc. announces drill results for the New Afton Mine from an underground exploration program completed during the year 2019, which identifies gold and copper mineralization within the newly defined East Extension zone located directly beneath the Sub-level cave and to the east of the planned C-zone block cave . Results to date confirm the East Extension as a 300 x 40 metres in plan and 700 metres down dip target [...]
New Gold Inc. reports preliminary fourth quarter and annual results from the Rainy River and New Afton Mines, achieving annual production guidance. . Consolidated Fourth Quarter and Annual Highlights Total production for the fourth quarter was 101,423 gold equivalent ounces . For the year, production was 486,141 gold eq. ounces , achieving annual guidance of 465,000 to 520,000 gold eq. ounces. Total cash costs1,2 are [...]
New Gold Inc. reports third quarter and nine-month results for the Company as of September 30, 2019 and reaffirms that the Company remains on-track to achieve consolidated annual production and cost guidance. . A conference call and webcast will follow to discuss these results at 8:30 a.m. Eastern time . and Financial Statements that are available on the Company’s website at www.newgold.com and on SEDAR at [...]
New Gold Inc. reports in-line third quarter operating results from the Rainy River and New Afton Mines, which positions the Company to achieve annual production guidance. The Company also announces that it will release its third quarter 2019 financial results before market open on Wednesday, November 6, 2019. A conference call and webcast will follow at 8:30 a.m. Eastern Time to discuss these results. Third Quarter and [...]
New Gold Inc. is pleased to announce that it has closed its previously announced offering of common shares of the Company with a syndicate of underwriters. An aggregate of 93,750,000 Common Shares were issued by the Company at a price of C$1.60 per share for aggregate proceeds of C$150 million. New Gold intends to use the proceeds to enhance financial flexibility, strengthen the balance sheet, including debt repayment [...]
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