Welcome to our dedicated page for New Gold news (Ticker: NGD), a resource for investors and traders seeking the latest updates and insights on New Gold stock.
New Gold Inc (NGD) is a Canadian-focused intermediate mining company specializing in gold, copper, and silver production. This page aggregates all official press releases, financial disclosures, and operational updates directly from the company.
Investors gain access to critical information including quarterly earnings reports, mine production results, and exploration program updates. Track strategic developments like resource expansion projects, sustainability initiatives, and leadership changes through verified primary sources.
Content categories cover production milestones, cost management updates, environmental compliance achievements, and corporate governance matters. All materials adhere to financial reporting standards, providing reliable data for investment research and market analysis.
Bookmark this page for streamlined access to NGD's latest communications. Return regularly to stay informed about operational performance and strategic positioning in the precious metals sector.
New Gold Inc. (NGD) announced the acquisition of 154,940,153 common shares of Harte Gold Corp. at a price of $0.16 per share, totaling approximately $24.8 million, giving New Gold a 14.9% interest in Harte Gold. The deal, expected to close around March 24, 2021, includes an Investor Rights Agreement that allows New Gold to maintain its stake and nominate a board member. New Gold is acquiring the shares as a long-term investment and may buy or sell additional shares in the future.
New Gold reported its fourth quarter and annual results on February 18, 2021, achieving mid-range production guidance with improved operational performance. Q4 production was 120,567 gold equivalent ounces, while annual production reached 437,617 ounces. Revenues increased to $199 million for Q4 and $643 million for the year, driven by higher gold and copper prices. Despite a net loss of $21 million in Q4, the company expects to transition to positive free cash flow in 2021. Key projects at Rainy River and New Afton mines are progressing, and exploration drilling aims to extend mine life.
New Gold Inc. (NGD) has released its annual operational outlook for the New Afton Mine, following a mud-rush incident on February 2, 2021, which resulted in a fatality but localized damage. The company reported that underground operations have resumed and will ramp up throughout the year, with first ore extraction from the B3 zone expected in Q2. Production is anticipated to be higher in the second half of 2021 as B3 contributes more to mill feed. New Gold continues to implement health precautions against COVID-19, which could affect operations.
On February 10, 2021, New Gold Inc. (NGD) released its annual operational outlook for the Rainy River Mine and updated its Mineral Reserves and Resources as of December 31, 2020. The annual estimates for New Afton Mine will be delayed due to a recent underground incident. Currently, the New Afton Mine runs at 3,000-5,000 tonnes per day with ongoing ore processing. New Gold aims to optimize operations at Rainy River while exploring potential expansions and collaborating with Indigenous partners on sustainability efforts. The company's outlook assumes no significant COVID-19 interruptions.
New Gold Inc. (NGD) has resumed partial underground operations and development activities at the New Afton Mine following a mud-rush incident on February 2, 2021. The mine is gradually returning to full operational capacity, focusing on employee health and safety. Current activities include ore extraction at limited capacity and a return to normal levels for B3 and C-Zone development. Milling and tailings operations have resumed, processing surface stockpiles to maintain production levels. Further updates will be provided as they develop.
February 5, 2021 - New Gold Inc. (NGD) has resumed surface operations at the New Afton Mine in Kamloops, B.C., following a mud-rush incident on February 2, 2021. The mill and tailings operations restarted, currently processing ore from stockpiles. No infrastructure was damaged, and construction on the Thickened and Amended Tailings Facility has resumed. Plans are in place to safely restart underground mining operations, though these remain suspended. New Gold prioritizes the health and safety of its workers during this phase.
New Gold Inc. (TSX and NYSE American: NGD) provides an update regarding a tragic incident at its New Afton Mine in Kamloops, B.C. On February 2, 2021, a fatal underground mud-rush incident occurred involving an employee of a drilling contractor. The individual's body was recovered on February 3, and the Company has not disclosed their name. New Gold expresses deep condolences to the family and friends of the deceased and has suspended all underground operations for investigation purposes. The mud-rush was localized, sparing other parts of the mine.
New Gold Inc. experienced a mud rush incident at its New Afton Mine in Kamloops, B.C., around 1:40 am PT on February 2, 2021. Two employees sustained non-life-threatening injuries, while a contract driller is presumed deceased. Emergency management protocols were activated, and authorities are investigating. All mining operations have been suspended temporarily. The board expresses condolences to affected families, and further updates will be provided as available.
New Gold Inc. (NGD) announced its operational results for Q4 2020, achieving mid-range production guidance. The Rainy River Mine exceeded annual production targets, while the New Afton Mine met its guidance. Total production for Q4 was 120,567 gold equivalent ounces, with annual production at 437,617 ounces. The company improved its liquidity to approximately $490 million and completed a $200 million redemption of senior notes. New Gold has launched strategic drilling programs and enhanced its focus on sustainability and ESG initiatives.
New Gold Inc. (NGD) announced the partial redemption of $200 million of its 6.375% Senior Notes due 2025, successfully funded with cash on hand. Following this redemption, the company retains approximately $205 million in cash and $510 million in liquidity. New Gold operates key assets such as the Rainy River and New Afton Mines in Canada and holds interests in the Artemis Gold Blackwater project. The company is focused on developing a diversified gold portfolio while emphasizing environmental and social responsibility.
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