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NEW GOLD COMPLETES 100% CONSOLIDATION OF THE FREE CASH FLOW INTEREST IN ITS NEW AFTON MINE

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New Gold Inc. (NYSE: NGD) has successfully completed the acquisition of the remaining 19.9% free cash flow interest in its New Afton Mine from Ontario Teachers' Pension Plan. This transaction results in New Gold now owning 100% of the free cash flow interest in New Afton. The completion of this deal terminates all existing agreements with Ontario Teachers' regarding their free cash flow interest in the mine.

New Gold Inc. (NYSE: NGD) ha completato con successo l'acquisizione del restante 19,9% di interesse sul flusso di cassa libero nella sua miniera New Afton dall'Ontario Teachers' Pension Plan. Questa operazione porta New Gold a possedere ora il 100% dell'interesse sul flusso di cassa libero nella miniera New Afton. Il completamento di questo accordo pone fine a tutti i precedenti accordi con l'Ontario Teachers' riguardanti il loro interesse sul flusso di cassa libero nella miniera.

New Gold Inc. (NYSE: NGD) ha completado con éxito la adquisición del 19,9% restante de interés en el flujo de caja libre de su mina New Afton del Ontario Teachers' Pension Plan. Esta transacción hace que New Gold ahora posea el 100% del interés en el flujo de caja libre en New Afton. La finalización de este acuerdo termina todos los contratos existentes con Ontario Teachers' relacionados con su interés en el flujo de caja libre de la mina.

New Gold Inc. (NYSE: NGD)는 온타리오 교사연금기금으로부터 New Afton 광산에 대한 남은 19.9%의 자유 현금 흐름 지분을 성공적으로 인수했습니다. 이 거래로 New Gold는 이제 New Afton 광산의 자유 현금 흐름 지분 100%를 보유하게 되었습니다. 이번 거래 완료로 온타리오 교사연금기금과의 기존 모든 자유 현금 흐름 지분 관련 계약이 종료됩니다.

New Gold Inc. (NYSE : NGD) a finalisé avec succès l'acquisition des 19,9 % restants des intérêts sur le flux de trésorerie disponible dans sa mine New Afton auprès du Régime de retraite des enseignants de l'Ontario. Cette transaction permet à New Gold de détenir désormais 100 % des intérêts sur le flux de trésorerie disponible de New Afton. La finalisation de cet accord met fin à tous les contrats existants avec le Régime de retraite des enseignants concernant leurs intérêts sur le flux de trésorerie disponible dans la mine.

New Gold Inc. (NYSE: NGD) hat erfolgreich den Erwerb der verbleibenden 19,9% Free-Cashflow-Beteiligung an seiner New Afton Mine vom Ontario Teachers' Pension Plan abgeschlossen. Durch diese Transaktion besitzt New Gold nun 100% der Free-Cashflow-Beteiligung an New Afton. Mit dem Abschluss dieses Deals werden alle bestehenden Vereinbarungen mit Ontario Teachers' bezüglich ihrer Free-Cashflow-Beteiligung an der Mine beendet.

Positive
  • Full consolidation of New Afton Mine's free cash flow (100% ownership)
  • Elimination of profit-sharing obligations with Ontario Teachers' Pension Plan
  • Enhanced control over New Afton's cash flow distribution
Negative
  • Cash outflow required to complete the acquisition (though amount not disclosed)

New Gold Inc. Logo (CNW Group/New Gold Inc.)

(All dollar figures are in US dollars unless otherwise indicated)

TORONTO, May 1, 2025 /PRNewswire/ -  New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that the previously announced agreement with Ontario Teachers' Pension Plan ("Ontario Teachers'") to acquire the remaining 19.9% free cash flow interest in the Company's New Afton Mine ("New Afton") (the "Transaction") has now closed. The Company has now fully consolidated its free cash flow interest in New Afton to 100% and terminated all existing agreements with respect to Ontario Teachers' free cash flow interest in New Afton.

About New Gold 

New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for our shareholders and stakeholders. For further information on the Company, visit www.newgold.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/new-gold-completes-100-consolidation-of-the-free-cash-flow-interest-in-its-new-afton-mine-302444108.html

SOURCE New Gold Inc.

FAQ

What percentage of New Afton Mine's free cash flow does New Gold (NGD) now own?

New Gold now owns 100% of the free cash flow interest in New Afton Mine, after acquiring the remaining 19.9% from Ontario Teachers' Pension Plan.

Who did New Gold (NGD) acquire the remaining New Afton Mine interest from?

New Gold acquired the remaining 19.9% free cash flow interest from Ontario Teachers' Pension Plan.

When did New Gold (NGD) complete the New Afton Mine consolidation?

New Gold completed the consolidation of New Afton Mine's free cash flow interest on May 1, 2025.

What is the significance of NGD's New Afton Mine consolidation?

The consolidation gives New Gold full control over New Afton Mine's free cash flow and terminates all existing agreements with Ontario Teachers' Pension Plan regarding their interest in the mine.
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