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Thread: New Gold, Inc.

  1. #1

    Default New Gold, Inc.

    New Gold, Inc. New Gold’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange (NYSE) American under the symbol NGD. Share price is about $1.11 US$
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    New Gold posts thrid qtr operational mining results:
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  3. #3


    TORONTO, Dec. 13, 2021 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Wheaton Precious Metals Corp. ("Wheaton") to sell the existing gold stream held on the Blackwater Project ("Blackwater") located in British Columbia, Canada (the "Transaction"). Blackwater is wholly-owned by Artemis Gold Inc. ("Artemis"), with New Gold having retained the gold stream as partial consideration for the divestiture of Blackwater to Artemis on August 21, 2020.

    Details of the Transaction are as follows:

    New Gold will receive upfront cash consideration of US$300 million from Wheaton upon closing of the Transaction;

    The gold stream entitles Wheaton to 8% of the gold produced from Blackwater, reducing to 4% of gold production once approximately 280,000 ounces of gold have been delivered to Wheaton. Gold delivered under the stream is subject to an ongoing cash price equal to 35% of the spot gold price, payable to Artemis.

    "This transaction highlights another milestone for New Gold as we continue to surface value from the divestment of the Blackwater Project. The cash payment will provide additional liquidity and financial capacity to New Gold as we continue to execute on our strategy," stated Renaud Adams, President & CEO.

    New Gold has agreed to waive its right of first refusal with respect to Wheaton's offer on November 15, 2021 to purchase a silver stream on Blackwater from Artemis. Artemis has also waived its right of first offer to acquire the gold stream, which was available to Artemis under the terms of the gold stream agreement. The Transaction is expected to close by the end of 2021.

    Scotiabank is acting as financial advisor to New Gold, and Davies Ward Phillips & Vineberg LLP is acting as New Gold's legal advisor.
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  4. #4


    " TORONTO, April 10, 2023 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) and (NYSE American: NGD) reports first quarter operational results for the Company as of March 31, 2023. The Company is also providing notice that it will release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023. The Company will host its first quarter 2023 earnings conference call and webcast on Thursday April 27, 2023 at 8:30 am Eastern Time.

    "The first quarter of 2023 saw both of our operations excel, delivering gold equivalent production of 104,857 ounces, the strongest start to a year for our Company over the last four years, and a 20% increase over the prior year period," stated Patrick Godin, President & CEO. "At Rainy River, we achieved our strongest first quarter of any year in the operation's history and delivered production growth of nearly 13% over the same period last year as greater underground ore tonnes contributed to better-than-expected grade, which more than offset lower tonnes milled. The milling rate was impacted during the quarter by mechanical maintenance on the SAG mill and crusher. At New Afton, gold and copper production improved meaningfully over the same period last year, as the operation's focus remained on steady state mining of B3 and C-Zone development. In short, I'm proud of how our operations and teams delivered during the first quarter, and we remain well positioned to meet all annual production guidance metrics outlined earlier this year." "
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    New Gold, Inc (NYSE: NGD) Reports Strong Second Quarter Operational Results:
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  6. #6


    " TORONTO, Aug. 11, 2023 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) confirms the structural integrity of the New Afton tailings storage facility and announces resumption of all underground mining activities at its New Afton Mine, located in Kamloops B.C.

    As previously mentioned, during regular inspections of the New Afton Tailings Storage Facility ("NATSF") completed on August 9th, visual geotechnical variances were observed that required further review by the Engineer of Record ("EOR"). The Company acted promptly, advising the relevant authorities, and proactively suspending underground mining activities with health, safety and the wellbeing of our employees, contractors, and communities as our top priority. The EOR completed a thorough review on August 10th and confirmed that the NATSF structural integrity and behavior is normal and expected.

    On the evening of August 10th, the Company resumed normal underground mining activities on site. Milling operations were unaffected during this period and in-pit tailings deposition continued as planned. New Afton remains well positioned to meet all annual production and cost guidance metrics as set out earlier in the year. C-Zone remains well positioned for first production ore in the fourth quarter, with commercial production planned for the second half of 2024."
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