NEW GOLD PUBLISHES 2024 SUSTAINABILITY REPORT

Rhea-AI Summary

New Gold Inc. (NGD) has released its 2024 Sustainability Report, marking a decade of sustainability reporting. The company achieved significant environmental and social milestones, including a 7.8% reduction in greenhouse gas emissions from 2023 and a 15% reduction from their 2020 baseline. Safety performance improved with the lowest-ever total recordable injury frequency rate of 0.72, a 42% decrease since 2021. The company maintains strong Indigenous representation at 24% of its workforce and high local employment rates of 79% at New Afton and 67% at Rainy River. New Gold invested over C$765,000 in local communities, with C$412,000 specifically allocated through their Community Investment Program.

Positive

• Achieved 7.8% reduction in Scope 1 and 2 greenhouse gas emissions from 2023, 15% reduction from 2020 baseline
• Recorded lowest-ever total recordable injury frequency rate of 0.72, representing a 42% decrease since 2021
• Strong local employment with 79% at New Afton and 67% at Rainy River hired locally
• Significant Indigenous workforce representation at 24%
• Invested C$765,000 in local communities through various initiatives

Negative

• None.

A Decade of Reporting on Sustainability Topics Critical to Communities, Stakeholders, and Our Business

TORONTO, June 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2024 Sustainability Report. New Gold has published an annual Sustainability Report since 2015, reporting on the sustainability-related material topics that matter most to communities, stakeholders and our business. The 2024 Sustainability Report is available on New Gold's Sustainability Microsite, accessible through www.newgold.com.

"2024 was a significant year for New Gold and we see this reflected in our sustainability practices and performance," stated Patrick Godin, President and CEO. "Teamwork and collaboration by employees across the Company saw the creation of our refreshed Sustainability Strategy and renewed focus on our sustainability objectives. Across the organization, we continue to advance our environmental and social performance, driving value for New Gold, our stakeholders, and the communities where we operate."

"I'm incredibly proud of our team and the dedication they've shown throughout the year," added Sophie Bertrand, Senior Director of Sustainability. "This report is more than just numbers—it's a reflection of the care, innovation, and integrity our people bring to sustainability every day. I'm excited about the progress we've made and the path ahead."

New Gold's 2024 Sustainability Report was prepared in alignment with the Global Reporting Initiative (GRI) Standards, including the newly released GRI 14 Mining Sector supplement, the Sustainability Accounting Standards Board (SASB) Metals and Mining Standards, and the Mining Local Procurement Reporting Mechanism (LPRM).

2024 Sustainability Highlights

• Across operations, New Gold achieved a 7.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions from 2023, with an overall reduction of 15% from New Gold's 2020 baseline year. These reductions were achieved through a range of conservation and reduction initiatives that are specific to each operation, including the use of battery electric production vehicles at New Afton and emissions tracking and mitigation practices at Rainy River.
• New Gold's total recordable injury frequency rate ("TRIFR") decreased from 0.80 in 2023 to 0.72 in 2024, achieving the lowest consolidated TRIFR in New Gold history. Since 2021, New Gold's TRIFR has decreased by 42%, exemplifying New Gold's safety-first culture and the commitment to the Courage to Care culture.
• Indigenous employees represent 24% of New Gold's workforce across operations. The Company is committed to engaging in ways that foster respectful relationships that are built on trust and acceptance and promote Indigenous cultural awareness .
• New Gold is proud of its strong commitment to local employment, helping to foster community prosperity — in 2024, 79% of the workforce at New Afton and 67% at Rainy River were hired locally.
• In 2024, New Gold invested over C$765,000 in local communities by supporting non-governmental agencies, charities and research institutions. This includes C$412,000 which was invested through New Gold's formalized Community Investment Program that strives to go beyond traditional philanthropic practices to create long-term social and community development in the communities where New Gold operates.

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.

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SOURCE New Gold Inc.

FAQ

What are the key sustainability achievements of New Gold (NGD) in 2024?

New Gold achieved a 7.8% reduction in greenhouse gas emissions, lowest-ever injury rate of 0.72, maintained 24% Indigenous workforce representation, and invested C$765,000 in local communities.

How much has New Gold (NGD) reduced its greenhouse gas emissions since 2020?

New Gold has reduced its Scope 1 and 2 greenhouse gas emissions by 15% from its 2020 baseline year.

What percentage of New Gold's (NGD) workforce is hired locally?

New Gold maintains high local employment rates with 79% at New Afton and 67% at Rainy River operations hired locally.

How much did New Gold (NGD) invest in community development in 2024?

New Gold invested over C$765,000 in local communities, with C$412,000 specifically through their Community Investment Program.

What is New Gold's (NGD) Indigenous employment rate in 2024?

Indigenous employees represent 24% of New Gold's workforce across operations.