Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 181 Bay Street, Suite 3320 TORONTO ON M5J 2T3 |
Tel: | N/A |
Website: | https://newgold.com/home/default.aspx |
IR: | See website |
Key People | ||
Patrick Godin President, Chief Executive Officer, Director | Keith Murphy Chief Financial Officer | Yohann Bouchard Chief Operating Officer, Executive Vice President |
Ankit Shah Executive Vice President - Strategy and Business Development | Sean Keating Vice President, General Counsel, Corporate Secretary | Luke Buchanan Vice President - Technical Services | Jean-Francois Ravenelle Vice President - Geology |
Business Overview |
New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 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. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico. |
Financial Overview |
For the three months ended 31 March 2024, New Gold Inc (USA) revenues decreased 5% to $192.1M. Net loss increased 37% to $43.5M. Revenues reflect Rainy River segment decrease of 18% to $113.7M, Copper, Avg. Price per Met. Tonne, Total decrease of 6% to $8375 per metric ton. Higher net loss reflects Rainy River segment income decrease of 72% to $6.6M. |