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 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.
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.
