10:08:56 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



New Gold Inc
Symbol NGD
Shares Issued 684,275,163
Close 2023-08-10 C$ 1.31
Market Cap C$ 896,400,464
Recent Sedar Documents

New Gold suspends mining at New Afton

2023-08-10 12:19 ET - News Release

An anonymous director reports

NEW GOLD PROVIDES NEW AFTON TAILINGS STORAGE FACILITY UPDATE

New Gold Inc. has provided an update on its tailings facilities at the company's New Afton mine, located in Kamloops, B.C.

During regular inspections of the New Afton tailings storage facility completed on Aug. 9, the company observed geotechnical variances that require further review by the engineer of record (EOR). Out of an abundance of caution, the company has elected to suspend underground mining activities allowing its EOR appropriate time to review the findings.

Milling operations continue unaffected and are utilizing the existing surface stockpile. In-pit tailings deposition is continuing as planned. New Gold has alerted and is working with the relevant regulatory authorities to address the situation and will issue further updates as appropriate.

The company's priority remains the health, safety and well-being of its employees, contractors and communities.

About New Gold Inc.

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The company also holds other Canadian-focused investments.

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