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. news covers the former Canadian-focused intermediate mining company and its portfolio of two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine. Recurring updates included gold and copper production, mine operating performance, financial results, free cash flow measures, capital-structure matters, governance items, and shareholder voting.
Company news also documents New Gold's completed plan of arrangement, under which a subsidiary of Coeur Mining acquired all issued and outstanding New Gold shares. Subsequent developments relate to the change in New Gold's public-company status after the transaction.
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.
New Gold Inc. (NGD) announced the successful partial redemption of $200 million of its 6.375% Senior Notes due 2025, funded with cash reserves. Following this transaction, the company has approximately $205 million in cash on hand and $510 million in liquidity. The credit facility shows around $45 million utilized for mine closure-related Letters of Credit. New Gold operates two key mines in Canada and has interests in the Artemis Gold Blackwater project and the Cerro San Pedro mine in Mexico.