New Gold Inc. today announced the pricing of its previously announced offering of $400 million aggregate principal amount of 6.875% Senior Notes due 2032 . The offering is expected to close on or about March 18, 2025, subject to customary closing conditions. New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the purchase of any and all of its outstanding 7.50 [...]
New Gold Inc. announced today that it has commenced a cash tender offer to purchase any and all of the outstanding senior notes listed in the following table upon the terms and conditions described in New Gold's Offer to Purchase, dated March 4, 2025 . Title of Security CUSIP Numbers Principal Amount Outstanding Purchase Price per $1,000 of Notes 7.50% Senior Notes due 2027 644535 AH9 / C62944 AD2 $400,000,000 $1,008.00 [...]
New Gold Inc. today announced that it has commenced an offering of $400 million aggregate principal amount of Senior Notes . New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the purchase of any and all of its outstanding 7.50% senior notes due 2027 and to pay related fees and expenses. New Gold intends to use the remainder of the net proceeds, if any, to redeem [...]
Strong Cost Discipline Leads to All-In Sustaining Costs Beating the Low End of Guidance and Delivering Another Strong Quarter of Free Cash Flow New Gold Inc. reports fourth quarter and full year 2024 results. Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs4 of $1,239 per gold ounce. Another quarter of strong cost performance leads full-year 2024 all-in sustaining costs to beat the low end [...]
Provides Three-Year Operational Outlook and Files Updated Technical Reports for New Afton and Rainy River Mines New Gold Inc. is pleased to provide its three-year operational outlook and announces the filing of Technical Reports for the New Afton and Rainy River mines. The Technical Reports were prepared in compliance with National Instrument 43-101 . The Company is also providing its updated Mineral Reserve and Mineral [...]
New Gold Inc. wishes to advise that Mr. Yohann Bouchard and the Company have mutually decided to part ways. Mr. Bouchard's last day as Executive Vice President and Chief Operating Officer was January 31, 2025. New Gold thanks Mr. Bouchard for his contribution and wishes him well with his future endeavors. "I thank Yohann for his contribution to New Gold during his tenure," stated Patrick Godin, President & CEO. "Since [...]
Upcoming Catalysts to Showcase Significant Near-Term Free Cash Flow Generation New Gold Inc. reports fourth quarter and full year operational results for the Company as of December 31, 2024. The Company is providing notice that it will release its operational outlook, technical report summaries for Rainy River and New Afton, and updated Mineral Reserve and Mineral Resource Statement for the Company as of December 31, 2024 [...]
Strong All-in Sustaining Costs Drive Increasing Margins and Record Free Cash Flow Generation, Provides 2024 Operational Outlook Update TORONTO, Oct. 29, 2024 /CNW/ - New Gold Inc. reports third quarter results for the Company as of September 30, 2024. Third quarter 2024 production was 78,369 gold ounces and 12.6 million pounds of copper, at operating expenses of $1,021 per gold ounce sold 3 and all-in sustaining costs1 of [...]
Projects are Expected to Drive Significant Production Growth and Cost Reduction New Gold Inc. is pleased to announce the completion of significant production milestones at the New Afton copper-gold mine in British Columbia and the Rainy River gold mine in Ontario. C-Zone, New Afton's fourth block cave, achieved commercial production ahead of schedule with the materials handling system coming online in October and the cave [...]
New Gold Inc. is providing notice that it will release its third quarter 2024 operational and financial results after market close on Tuesday, October 29, 2024. The Company will host its third quarter 2024 earnings conference call and webcast on Wednesday, October 30, 2024 at 8:30 am Eastern Time. Third Quarter 2024 Conference Call and Webcast Participants may listen to the webcast by registering on our website at [...]
Highlights the Upside Potential from Multiple High-Grade Copper-Gold Porphyry Zones in the Eastern Sector of the Mine New Gold Inc. is pleased to provide an update on its ongoing exploration program at its New Afton mine in British Columbia, Canada. Following successful exploration results at K-Zone earlier this year , exploration drilling in the eastern part of the mine continues to intersect high-grade copper-gold [...]
New Gold Inc. is pleased to provide an update on its ongoing Rainy River exploration program. Over the first eight months of 2024, exploration drilling at Rainy River has proven successful in advancing the Company's exploration objectives to expand existing resource envelopes, confirm the continuity of potential new mining zones, and grow the mineralized footprint through new near-mine discoveries. These results are [...]