VANCOUVER, March 26, 2012 /CNW/ - New Gold Inc. ('New Gold')
today announces that its board of directors has approved the adoption of a new shareholder rights plan (the 'Rights Plan'), effective Friday, March 23, 2012.
The purpose of the Rights Plan is to provide shareholders and the board of directors with adequate time to consider and evaluate any unsolicited take-over bid made for New Gold's common shares
VANCOUVER, March 22, 2012 /CNW/ - New Gold Inc. ('New Gold')
today announces that the company has completed the acquisition of 223 square kilometres of additional mineral claims (the 'Auro Properties') from Gold Reach Resources Ltd ('Gold Reach'). The Auro Properties include two claim blocks immediately to the southeast of the Blackwater Project. The Auro land package begins five kilometres from the current [...]
VANCOUVER, March 7, 2012 /CNW/ - New Gold Inc. ('New Gold')
today announces an updated National Instrument 43-101 compliant mineral resource estimate for its Blackwater Project in central British Columbia.
-- Indicated gold resource: 174 million tonnes at an average grade of 0.98 grams per tonne containing 5.5 million ounces of gold at a 0.4 gram per tonne cut-off grade
(Based on IFRS, all figures are in US dollars unless otherwise indicated)
VANCOUVER, March 1, 2012 /CNW/ - New Gold Inc. ('New Gold')
today announces financial and operational results for the fourth quarter and year ended 2011, with record annual earnings and cash flow. The company, once again, met its production guidance achieving record annual production of 387,155 ounces during 2011 at a total cash cost((1 [...]
New Gold Inc. will hold a conference call and webcast on Friday, March 2nd, 2012 at 8:00 am Eastern Standard Time to discuss the company's fourth quarter and year end 2011 financial results. Participants may join the conference by calling 647-427-7450 or toll-free 1-888-231-8191 in North America - Passcode 7039978. To listen to a recorded playback of the call after the event, please call 1-416-849-0833 or toll-free [...]
(All figures are in US dollars unless otherwise indicated)
VANCOUVER, Feb. 2, 2012 /CNW/ - New Gold Inc. ('New Gold')
today announces fourth quarter 2011 gold production of 100,671 ounces which resulted in record annual production of 387,155 ounces during 2011. The company, once again, met its gold production guidance range of 380,000 to 400,000 ounces during the year. Quarterly and annual total cash cost((1)) per [...]
(All figures are in US dollars unless otherwise indicated)
VANCOUVER, Jan. 9, 2012 /CNW/ - New Gold Inc. ('New Gold')
today provides an update on the El Morro Project where the company is a 30 percent partner, with Goldcorp Inc. ('Goldcorp'), the project developer and operator, holding the remaining 70 percent. El Morro is an advanced stage, world-class copper/gold project in northern Chile, one of the most [...]
New Gold Inc. and Silver Quest today announce that New Gold has completed the acquisition of all the shares of Silver Quest. Under the terms of the court approved arrangement, 10.5 million New Gold common shares were issued to former Silver Quest securityholders on the basis of 0.09 of a New Gold share for each Silver Quest share and nominal cash consideration.
As a result of the completion of the Arrangement, New Gold [...]
New Gold and Geo Minerals today announce that New Gold has completed the acquisition of all the shares of Geo. Under the terms of the court approved arrangement all the shares of Geo (including shares issued in the Arrangement in exchange for options and warrants) were acquired for an aggregate cash consideration of $22 million. Adjusting for New Gold's acquisition of Geo's cash balance at closing, the net cash payment by [...]
Standard & Poor's will make the following changes in the S&P/TSX Venture Composite and Select Indices: On December 15, 2011, the shareholders of Silver Quest Resources Ltd. approved the Arrangement Agreement whereby the company will be acquired by New Gold Inc.. Silver Quest will be removed from the S&P/TSX Venture Composite and Venture Select Indices after the close of Monday, December 19, 2011.
New Gold and Silver Quest are pleased to announce that at a special meeting of Silver Quest shareholders held on Thursday, December 15, 2011 in Vancouver, British Columbia, the Silver Quest shareholders voted overwhelmingly in favour of a special resolution to approve the proposed plan of arrangement with New Gold.
Upon closing of the Arrangement, New Gold will acquire Silver Quest's 25% interest in the Davidson [...]
New Gold and Silver Quest Resources today jointly announce that they have entered into a definitive arrangement agreement which replaces and supersedes the previously announced letter agreement between the companies. Under the terms of the Arrangement Agreement, New Gold will acquire, under a plan of arrangement, all of the outstanding shares of Silver Quest. Pursuant to the Arrangement, Silver Quest shareholders will [...]