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Enter Symbol
or Name
USA
CA



New Gold Inc
Symbol NGD
Shares Issued 675,957,106
Close 2020-04-03 C$ 0.78
Market Cap C$ 527,246,543
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New Gold restarts Rainy River mine

2020-04-03 08:18 ET - News Release

An anonymous director reports

NEW GOLD ANNOUNCES RESTART OF THE RAINY RIVER MINE

New Gold Inc.'s Rainy River mine has begun a systematic ramp-up of operations following the completion of a voluntary 14-day suspension to adhere to provincial and federal COVID-19 guidelines related to out-of-country travel that impacted a significant portion of the local work force. As the health and safety of the company's employees and communities remain its No. 1 priority, operations will steadily ramp up over the coming weeks with the overarching priority of ensuring it provides the safest possible environment for its employees.

Rainy River mine management will continue to work with surrounding indigenous and local communities to implement and co-ordinate actions that will reduce the risk of the spread of COVID-19. Enhanced precautionary measures relating to COVID-19 have been implemented throughout the operation. For further information see the company's website.

The company will initially utilize the local work force during a progressive ramp-up of operations. This initial phase will be followed by the gradual reintroduction of the rotational work force. To ensure the safety of its work force and its local communities, extra measures have been implemented in accordance with the recommendations of the Ontario Department of Public Health and will be overseen by on-site nurse practitioner. Throughout this period, the company remains in constant contact with the Northwestern Health unit, a division of the Ontario Department of Public Health, to ensure its continuing compliance with all provincial regulations and measures related to COVID-19.

Additional details of the ramp-up and an update on the company's midterm operational plans will be provided along with its first quarter operational update expected to be released in mid-April.

During the 14-day suspension a minimum crew was retained to monitor and maintain essential activities, ensure there was no impact on the environment and fully implement sanitization practices throughout the mine site, camp, and mobile and fixed equipment to ensure a safe working environment for its employees. During this period, the team also advanced preventive maintenance work at the mill facility, stockpiled ore for the ramp-up period, supplied NAG material for the tailings management area and monitored water levels.

New Gold's response to COVID-19

New Gold has taken numerous steps to contain and reduce the spread of COVID-19. The company is implementing shared action plans and preventive measures, while seeking and considering input from its employees, contractors and local communities to deliver responsive actions consistent with the broader efforts of minimizing the impact of the COVID-19 virus.

The health and safety of the company's work force and its communities remain its No. 1 concern and it will support all initiatives that align with that objective.

About New Gold Inc.

New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton mines, as well as the 100-per-cent-owned Blackwater development project.

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