New Gold Inc T.NGD

Alternate Symbol(s): NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.

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New Gold Inc > New Gold Second Quarter Highlights

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Post by Reachmeon Jul 15, 2021 5:03pm

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Post# 33554021

New Gold Second Quarter Highlights

Second Quarter Highlights

Total production was 105,705 gold equivalent1 ("gold eq.") ounces (66,989 ounces of gold, 240,029 ounces of silver and 18.2 million pounds of copper)
The Rainy River Mine produced 55,163 gold eq.1 ounces (52,901 ounces of gold and 162,879 ounces of silver)
The New Afton Mine produced 50,542 gold eq.1 ounces (14,088 ounces of gold and 18.2 million pounds of copper)
During the quarter, the Company announced that the Mines Act permit enabling mining of the B3 zone was issued by the Ministry of Energy, Mines and Low Carbon innovation (refer to the Company's May 25, 2021 news release for further information)
The Company's 2020 Sustainability Report was published on June 4, 2021, and can be found on the New Gold website
At the end of the quarter, the Company had a cash position of $138 million and a strong liquidity position of $464 million