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 has increased its free cash flow interest in the New Afton copper/gold mine to 80.1% by acquiring an additional stake from Ontario Teachers’ Pension Plan, which now holds a 19.9% interest. The $255 million transaction will be funded through cash on hand, credit facility borrowings, and proceeds from a $150 million bought deal equity financing. The move is expected to boost free cash flow through enhanced production and cost-efficiency. The financing involves issuing 87.3 million shares at $1.72 each, potentially expandable by 15%. The transaction is set to close by the end of May 2024.
New Gold Inc. reports first quarter 2024 results with 70,898 gold ounces and 13.3 million pounds of copper produced, tracking annual guidance. Growth projects on track, aiming at increasing production over the next three years. Exploration efforts ramp up for sustainable production objectives.
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