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New Gold Inc (USA) (N:NGD)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 181 BAY STREET, SUITE 3320
Tel: N/A
IR: See website
Key People
Renaud Adams
President, Chief Executive Officer, Director
Robert J. Chausse
Chief Financial Officer, Executive Vice President
Eric Vinet
Senior Vice President - Operations
Sean Keating
Vice President, General Counsel, Corporate Secretary
Anne Lousie Day
Vice President - Investor Relations
Ankit Shah
Vice President - Strategy and Business Development
Business Overview
New Gold Inc. is a Canada-based gold mining company. The Company owns assets in Canada and Mexico. Its assets include Rainy River, New Afton Mines and Cerro San Pedro Mine. The Rainy River Mine is situated in the Richardson Township, approximately 65 kilometers (km) northwest of Fort Frances in Northwestern Ontario. The New Afton copper-gold mine is located approximately 350 km northeast of Vancouver in the south-central interior of British Columbia. The Cerro San Pedro Mine is an open-pit gold and silver heap leach operation located in central Mexico in the state of San Luis Potosi, approximately 400 km north of Mexico City and 14 km east of the city of San Luis Potosi.
Financial Overview
For the six months ended 30 June 2021, New Gold Inc(USA) revenues increased 34% to $363.1M. Net loss decreased99% to $700K. Revenues reflect Rainy River segment increaseof 33% to $200.1M, New Afton segment increase of 35% to$163M, Copper, Avg. Price per Met. Tonne, Total increase of63% to $8961 per metric ton. Lower net loss reflects RainyRiver segment income totaling $17.4M vs. loss of $15.5M,New Afton segment income increase of 61% to $56.3M.