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 its second quarter operational results, reporting total production of 105,705 gold equivalent ounces as of June 30, 2021. Key highlights include production of 66,989 ounces of gold and an increase in mining rates at New Afton by over 30%. The company holds a cash position of $138 million and a liquidity position of $464 million. The Rainy River mine is expected to improve production in the second half of the year due to transitioning to higher-grade areas. The next financial results release is scheduled for August 11, 2021.
New Gold Inc. (NGD) has announced significant exploration updates for the New Afton Mine, targeting new copper-gold mineralization based on a 2020 AI study. Underground drilling on the AI West target yielded impressive results, including 25.2 g/t gold over 2 meters. Surface drilling along the Cherry Creek trend returned 21 g/t gold over 1 meter. A robust drilling program is underway, with further drilling planned at AI Southeast and Cherry Creek. These developments may indicate potential extensions of known mineralization and the discovery of new deposit types.
New Gold Inc. (NYSE American: NGD) expresses deep sorrow over the discovery of remains of 215 children at a former residential school in Kamloops. President and CEO Renaud Adams extends condolences to the affected communities, particularly the Tk'emlúps te Secwépemc Nation. The company emphasizes its commitment to fostering a healthy future for Indigenous peoples in Canada, acknowledging historical traumas. New Gold operates two main producing assets, the Rainy River and New Afton mines, and holds interests in other Canadian projects.
New Gold Inc. (NGD) announced the issuance of the Mines Act permit for the B3 zone, a critical milestone for the New Afton Mine. With the permit secured, ore extraction will commence this quarter and accelerate throughout the year. The development of the C-Zone is also progressing, with extraction anticipated in the second half of 2023. The company aims to establish itself as a leading diversified intermediate gold entity, focusing on responsible mining practices. Additional details can be found on New Gold's website.
On May 5, 2021, New Gold announced the voting results from its Annual General Meeting held on May 4, 2021. The Company appointed Geoff Chater and Thomas McCulley to its Board of Directors. Chater, a geologist with vast international experience, and McCulley, a seasoned leader in mining projects, bring valuable expertise to the Board. During the meeting, all director nominees received significant shareholder approval, with votes for Chater at 99.64% and for McCulley at 99.68%. This strategic expansion of leadership comes as New Gold aims to advance its growth phase.
New Gold reported its first quarter results for 2021, showing gold equivalent production of 96,026 ounces and revenues of $165 million, up from $142.3 million in Q1 2020. Net earnings were $15 million ($0.02 per share), reflecting an increase due to higher gold and copper prices. Operating expenses rose to $1,022 per gold equivalent ounce. Despite challenges from a mud rush incident and lower sales volume, the company remains on track for guidance, focusing on operational optimization and financial flexibility.
New Gold Inc. (NGD) reports three positive COVID-19 cases among employees at the Rainy River Mine in Ontario, with seven additional non-negative tests pending confirmation. All affected individuals have been isolated. The company emphasizes its comprehensive COVID-19 response plan, prioritizing employee and community health. Operations at the mine continue, and the company is working closely with the Northwestern Health Unit for updates. New Gold maintains strict protocols to mitigate COVID-19 spread and collaborates with local Indigenous communities.
New Gold has acquired 37,366,932 common shares of Talisker Resources for approximately $13.8 million, representing 14.9% of Talisker's outstanding shares. This acquisition allows New Gold to appoint a nominee to Talisker's board and participate in future equity financings to maintain its stake. New Gold has agreed to certain restrictions for 24 months, including a standstill on acquiring more than 14.9% of Talisker. The acquisition is intended for investment purposes, with New Gold potentially increasing its stake based on market conditions.
New Gold Inc. (NGD) announced it will release its first quarter 2021 financial results on May 5, 2021, before market open, followed by a conference call at 8:30 am ET. Additionally, the 2021 Annual General Meeting of Shareholders is scheduled for May 4, 2021, at 4:00 pm ET. The meeting will be virtual due to COVID-19 precautions, allowing shareholders to participate and vote online. Interested parties can request audited financial statements and meeting materials for free. More information is available on New Gold’s website.
New Gold Inc. (NGD) reported its Q1 2021 operational results, achieving a total production of 96,026 gold equivalent ounces. The Rainy River Mine produced 56,513 gold equivalent ounces, while the New Afton Mine produced 39,512 gold equivalent ounces. The company anticipates increased production in the second half of the year, driven by a focus on waste stripping and ore extraction from the B3 zone, set to commence in Q2. Additionally, early-stage exploration drilling programs showed promising results, hinting at potential mineralization in key target areas.
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