#Canada #Toronto #New Gold #New Afton #Ontario Teachers

New Gold Completes 100% Consolidation of Free Cash Flow at New Afton Mine

Toronto, May 1, 2025 - New Gold Inc., a Canadian intermediate mining company, is excited to share that the transaction with the Ontario Teachers’ Pension Plan to acquire the remaining 19.9% free cash flow interest in its New Afton Mine has successfully concluded. This pivotal step marks the complete consolidation of New Gold's free cash flow interest in the mine to a full 100% and signifies the termination of existing agreements related to this interest with Ontario Teachers'.

New Gold, which focuses on responsibly profitable mining, operates with the ambition of becoming the most valued intermediate gold and copper producer. The company’s commitment to this vision is evident as it enhances its portfolio with projects that promise growth and operational stability. New Afton Mine, known for its rich copper-gold deposits, remains a central asset in New Gold’s production strategy. This transaction not only strengthens New Gold’s operational foothold but also augments its financial flexibility, allowing for more aggressive investment in both mining and exploration.

Transaction Details and Implications

The decision to consolidate 100% of the free cash flow interest in New Afton Mine reflects New Gold’s intention to integrate its mining operations further and streamline revenue generation. By concluding the deal with Ontario Teachers' Pension Plan, New Gold can now fully capitalize on the financial benefits the mine offers without obligations tied to external interests.

The transaction details highlight the strategic alignment between New Gold and its stakeholders. The acquisition solidifies its standing in the competitive mining landscape, particularly as global demand for copper and gold continues to rise—spurred by trends such as renewable energy push and infrastructural development.

About New Gold Inc.

New Gold Inc. is not just about numbers; it’s about a sustainable future. Operating primarily in Canada, New Gold boasts two core producing assets: New Afton Mine and the Rainy River gold mine. Both mines exemplify New Gold’s dedication to mining responsibly, ensuring that stakeholder engagements are prioritized and environmental concerns are effectively addressed.

At New Gold, the driving philosophy is to produce gold and copper profitably while delivering value to shareholders, employees, and the communities in which they operate. The company believes that ethical mining is possible and strives to set a benchmark in the industry with its sustainable practices.

As New Gold embarks on this new chapter with the complete control of New Afton, the mining industry will be watching closely. The implications of this consolidation are significant, opening doors to new investment opportunities and enabling more focused management strategies.

For further insights into their projects and initiatives, readers are encouraged to visit New Gold's website.

Looking Ahead

Looking ahead, New Gold is poised to leverage its consolidated assets towards enhancing production efficiency and exploring innovative mining technologies. The company remains optimistic about its growth trajectory as it implements plans for the future.

As the mining sector evolves, New Gold stands ready to adapt, innovate, and lead as it sets the standard for responsible and profitable mining practices. With the recent consolidation complete, New Gold is set to maximize the full potential of the New Afton Mine and beyond.