New Gold Inc. is a multinational mining company with gold, silver and copper containing assets. It engages in both exploratory and production activity in North America , South America and Australia. Regionally based subsidiaries manage business locally .Many of its mines are polymetallic meaning they hold significant resources in more than one base metal; New Afton contains tens of millions of pounds and ounces of copper and gold respectively while Cerro San Pedro produces a significant amount of gold and silver. Its newest mine to enter operation, New Afton located near Kamloops, British Columbia, began producing gold and copper in 2012. New Gold has made deals with local First Nations groups centered on resource sharing and job recruitment.The New Afton mine raises total production to between 405,000 and 445,000 ounces. The company also produces about 2 million ounces of silver and 12.7 billion pounds of copper. Wikipedia.
News Article | February 22, 2017
New Gold Inc. ("New Gold") (TSX:NGD)(NYSE MKT:NGD) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank (the "Underwriters"), pursuant to which they have agreed to purchase, on a bought deal basis, 53,600,000 common shares ("Common Shares") of New Gold at a price of US$2.80 per share (the "Offering"), for aggregate gross proceeds to New Gold of approximately US$150 million. In addition, New Gold has agreed to grant to the Underwriters an option to purchase up to an additional 8,040,000 Common Shares at a price of US$2.80 per share, on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to New Gold will be approximately US$172.6 million. New Gold intends to use the net proceeds from the Offering to finance the completion of the construction of the Rainy River gold project in Ontario, Canada. New Gold's cash and cash equivalents balance and the net proceeds from the sale of New Gold's gold stream on the El Morro project and the Offering, together with funds available for draw under New Gold's secured revolving credit facility, are sufficient to complete construction of the Rainy River project based on current cost estimates. Members of New Gold's board of directors and executive management team have expressed an intention to participate in the Offering on the same terms as other investors. The Offering is scheduled to close on or about March 10, 2017, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange, the NYSE-MKT and securities regulatory authorities. The Offering will be made by way of a short form prospectus that will be filed with securities regulatory authorities in all provinces and territories of Canada and will also be filed in the United States with the U.S. Securities and Exchange Commission (the "SEC") as part of a registration statement on Form F-10 (the "Registration Statement") in accordance with the multi-jurisdictional disclosure system established between Canada and the United States. New Gold has filed the Registration Statement (including a short form prospectus) with the SEC for the Offering to which this communication relates. Before you invest, you should read the short form prospectus in the Registration Statement and other documents New Gold has filed with the SEC for more complete information about New Gold and this Offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, New Gold, any underwriter or any dealer participating in the Offering will arrange to send you the short form prospectus in Canada by contacting RBC Capital Markets, Distribution Centre, RBC Wellington Square, 8th Floor, 180 Wellington St. W., Toronto, Ontario, M5J 0C2 (Tel: 1-416-842-5349; E-mail: Distribution.RBCDS@rbccm.com) or Scotiabank, Scotia Plaza, 66th Floor, 40 King Street West, M5W 2X6, Toronto, Ontario, Attention: Equity Capital Markets (tel: 416-862-5837), and, in the United States, by contacting RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention: Equity Syndicate; (Tel: 1-877-822-4089; E-mail: email@example.com) or Scotia Capital (USA) Inc., 250 Vesey Street, 24th Floor, New York, New York, 10281, Attention: Equity Capital Markets (tel:212-225-6853). This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. ABOUT NEW GOLD INC. New Gold is an intermediate gold mining company. The company has a portfolio of four producing assets and two significant development projects. The New Afton Mine in Canada, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico (which transitioned to residual leaching in 2016), provide the company with its current production base. In addition, New Gold owns 100% of the Rainy River and Blackwater projects located in Canada. New Gold's objective is to be the leading intermediate gold producer, focused on the environment and social responsibility. Certain information contained in this news release, including any information relating to New Gold's future financial or operating performance are "forward looking". All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that New Gold expects to occur are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "targeted", "estimates", "forecasts", "intends", "anticipates", "projects", "potential", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation of such terms. Forward-looking statements in this news release include, among others, statements with respect to the use of the proceeds of the Offering, the anticipated benefits of the Offering, the completion of the Rainy River project, the sufficiency of funding to complete construction of the Rainy River project and the ability of the parties to satisfy the conditions of and complete the Offering. All forward-looking statements in this news release are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. The forward-looking statements in this news release are based on certain key assumptions, including without limitation, the assumption that all conditions to closing of the Offering will be satisfied in a timely manner; all regulatory approvals will be obtained, no events will occur requiring the redirecting of the proceeds of the Offering or other sources of funding described herein towards other uses and that the cost estimates for the Rainy River project will be accurate. Certain other material assumptions regarding such forward-looking statements are discussed in this news release, New Gold's annual and quarterly management's discussion and analysis ("MD&A"), its Annual Information Form and its Technical Reports filed at www.sedar.com. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: not realizing the potential benefits of the Offering; all regulatory approvals not being obtained; the occurrence of events requiring the redirecting of the proceeds of the Offering or other sources of funding towards other uses; significant capital requirements and the availability and management of capital resources; additional funding requirements; price volatility in the spot and forward markets for metals and other commodities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia and Mexico; discrepancies between actual and estimated production, between actual and estimated mineral reserves and mineral resources and between actual and estimated metallurgical recoveries; fluctuation in treatment and refining charges; changes in national and local government legislation; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates, including, but not limited to: in Canada, obtaining the necessary permits for the Rainy River project; the uncertainties inherent to current and future legal challenges New Gold is or may become a party to; inherent uncertainties with cost estimates and estimated schedule for the construction and commencement of production at Rainy River as contemplated; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies including the feasibility studies for the Rainy River project; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of indigenous groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the amendment to Schedule 2 of the Metal Mining Effluent Regulations for the Rainy River project. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses and risks associated with the start of production of a mine, such as Rainy River, (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risk Factors" included in New Gold's disclosure documents filed on and available at www.sedar.com. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
Zacharia B.E.,Columbia University |
Bruce S.S.,Columbia University |
Carpenter A.M.,Columbia University |
Hickman Z.L.,Columbia University |
And 8 more authors.
Stroke | Year: 2014
BACKGROUND AND PURPOSE-: Unruptured intracranial aneurysm repair is the most commonly performed procedure for the prevention of hemorrhagic stroke. Despite efforts to regionalize care in high-volume centers, overall results have improved little. This study aims to determine the effectiveness in improving outcomes of previous efforts to regionalize unruptured intracranial aneurysm repair to high-volume centers and to recommend future steps toward that goal. METHODS-: Using data obtained via the New York Statewide Planning and Research Cooperative System, this study included all patients admitted to any of the 10 highest volume centers in New York state between 2005 and 2010 with a principal diagnosis of unruptured intracranial aneurysm who were treated either by microsurgical or endovascular repair. Mixed-effects logistic regression was used to determine the degree to which hospital-level and patient-level variables contributed to observed variation in good outcome, defined as discharge to home, between hospitals. RESULTS-: Of 3499 patients treated during the study period, 2692 (76.9%) were treated at the 10 highest volume centers, with 2198 (81.6%) experiencing a good outcome. Good outcomes varied widely between centers, with 44.6% to 91.1% of clipped patients and 75.4% to 92.1% of coiled patients discharged home. Mixed-effects logistic regression revealed that procedural volume accounts for 85.8% of the between-hospital variation in outcome. CONCLUSIONS-: There is notable interhospital heterogeneity in outcomes among even the largest volume unruptured intracranial aneurysm referral centers. Although further regionalization may be needed, mandatory participation in prospective, adjudicated registries will be necessary to reliably identify factors associated with superior outcomes. © 2014 American Heart Association, Inc.
Cooper A.,New Gold, Inc.
World Energy Engineering Congress, WEEC 2013 | Year: 2013
This paper serves to outline the reasons for New Afton Mine's decision to pursue ISO 50001 certification, along with details of the implementation process to date. The paper concludes by summarizing the benefits New Afton has realized thus far, and hopes to realize going forward, as a result of the implementation of ISO 50001.
Cooper A.,New Gold, Inc.
WEEC 2015 - World Energy Engineering Congress | Year: 2015
In March 2014, New Gold's New Afton Mine became the first mine in North America to be ISO 50001 certified. This was in addition to a whirlwind of several energy performance improvement initiatives, optimizing an energy management information system and an ISO 50001 surveillance audit in November of the same year... making 2014 a remarkable year for energy management at New Afton mine. At the end of it all, we were able to take a breath and ask ourselves the question, "So, we're ISO 50001 certified, now what?" To help answer this, the consultant who assisted the mine with the ISO 50001 implementation, and was present during the annual surveillance audit, was asked about his opinion on energy management at New Afton. In a nutshell, he said that while the implementation absolutely needed to be driven and managed by the Energy Specialist, as things were, the continued success of energy management at the mine was dependent on the Energy Specialist. This was not the desired outcome, nor the understood intent of the standard. Based on this feedback and perspective, a plan was put in place for "Phase 2", to more fully integrate energy management into the systems and culture of the organization, to ensure it was not dependent on any one person. The paper will cover: - Some of the lessons behind the integration of ISO 50001 - Benefits realized as a result of ISO 50001 - Progress in the plan to move from "Implementation to Integration".
Sillitoe R.H.,27 West Hill Park Highgate Village |
Tolman J.,New Gold, Inc. |
Van Kerkvoort G.,Rio Pison Gold Ltd.
Economic Geology | Year: 2013
The Caspiche porphyry gold-copper deposit, part of the Maricunga gold-silver-copper belt of northern Chile, was discovered in 2007 beneath postmineral cover by the third company to explore the property over a 21-year period. This company, Exeter Resource Corporation, has announced a proven and probable mineral reserve of 1,091 million tonnes (Mt) averaging 0.55 g/t Au, all but 124 Mt of which also contain 0.23% Cu, for a total of 19.3 Moz of contained gold and 2.1 Mt of copper. The deposit was formed in the latest Oligocene (~25 Ma) during the first of two volcanic and corresponding metallogenic epochs that define the Maricunga belt. The gold-copper mineralization is centered on a composite diorite to quartz diorite porphyry stock, within which five outward-younging phases are routinely distinguished. The centrally located, early diorite porphyry (phase 1) hosts the highest-grade ore, averaging ∼1 g/t Au and 0.4% Cu. The subsequent porphyry phases are quartz dioritic in composition and characterized by progressively lower gold and copper tenors. Stock emplacement was both pre- and postdated by the generation of large-volume, andesite-dominated breccias, with tuffaceous matrices, which are believed to be shallow portions of diatremes. The deposit is characterized by a central gold-copper zone and partially overlapped but noneconomic molybdenum halo. The gold-copper mineralization in the lower half of the deposit accompanies quartz ± magnetite-veined, potassic-altered rocks, whereas the shallower mineralization occurs within quartz-kaolinite-dominated, advanced argillic alteration. Upper parts of the advanced argillic zone are characterized by siliceous ledges, some auriferous, composed of vuggy residual quartz and/or silicified rock. The chalcopyrite-pyrite mineralization in the potassic zone was partially transformed to high sulfidation-state sulfides and sulfosalts during the advanced argillic overprint, although the underlying chalcopyrite-bornite assemblage was mainly too deep to be affected. The deposit terminates downward in a sulfide-deficient, potassic-calcic zone defined by K-feldspar, actinolite, and magnetite, which formed at the expense of biotite. A relatively minor, shallowly inclined zone of intermediate sulfidation epithermal gold-zinc mineralization, comprising narrow veinlets and disseminations, abuts the late-mineral diatreme contact. Supergene sulfide oxidation throughout the deposit is relatively shallow, and chalcocite enrichment extremely minor. The Caspiche deposit is thought to have been emplaced at relatively shallow paleodepths, within the southern, flat-bottomed part of the premineral diatreme vent. Earliest porphyry system development, probably north of the present deposit, appears to have been aborted by diatreme formation. Much of the gold and copper in the Caspiche deposit was introduced during the potassic alteration stage, with the highly telescoped, advanced argillic overprint being responsible for only minor redistribution of the two metals, and the addition of arsenic. The late-mineral diatreme was emplaced west of the Caspiche deposit, and caused destruction of only its uppermost peripheral parts. The late-mineral diatreme was both pre- and postdated by advanced argillic alteration. Finally, the intermediate sulfidation epithermal gold-zinc zone was localized by the enhanced permeability provided by intense fracturing along the underside of the upward-flared, late-mineral diatreme contact. © 2013 Society of Economic Geologists, Inc.
Cooper A.,New Gold, Inc.
Strategic Planning for Energy and the Environment | Year: 2016
In March 2014, New Gold's New Afton Mine, located in British Columbia, Canada, became North America's first mine to be International Standardization Organization (ISO) 50001 certified. This was in addition to several energy performance improvement initiatives, optimizing an energy management information system and an ISO 50001 surveillance audit in November of the same year. These improvements made 2014 a remarkable year for energy management at New Afton mine. We then asked ourselves, “We that are ISO 50001 certified, what is next?” To help answer this, the consultant who assisted the mine with the ISO 50001 implementation was asked his opinion about energy management at New Afton. He concluded that while energy management absolutely needed to continue to be driven and managed by the mine's energy specialist, the success of the program remained dependent on his actions. This was not the desired outcome, nor the understood intent of the standard. To ensure that the success of the program was not dependent on any one person, a “Phase II” plan was developed to more fully integrate energy management into the systems and culture of the organization. This article details the lessons learned and benefits realized from the integration of ISO 50001. It examines how to move from “Implementation to Integration.” ©, Copyright Association of Energy Engineers (AEE).
Davies A.G.L.,New Gold, Inc.
49th US Rock Mechanics / Geomechanics Symposium 2015 | Year: 2015
New Gold's New Afton Mine ("New Afton") is a 5 million tonne per year operating block cave mine located 8km outside of Kamloops, British Columbia, Canada. The current extraction level is at 615m below surface and the current mining footprint is approximately 800m in length by 120m in width. At its current size, New Afton is one of the smallest producing block caving operations in the world. The ore being mined is a copper-gold porphyry deposit situated within the Iron Mask batholith complex, is bounded by 2 major fault structures and dips near vertically to the south-southeast and plunges southwest. The bulk of the economically viable portion of the deposit is highly jointed and rockmass quality is in the order of 35-55 (RMR76, Bieniawski), placing it in a poor to fair classification category. The case study presented here focuses on a single strike drive ("G") located on the southern abutment of the cave. An excavation that has been subjected to numerous rehabilitation operations and campaigns since caving started early in 2012.
New Gold, Inc. | Date: 2013-10-11
Common metals and their alloys. Precious metals; precious metal alloys comprised in significant part of gold. Mining extraction. Mineral exploration and mineral exploration services.
News Article | February 22, 2017
(All dollar figures are in US dollars unless otherwise indicated) TORONTO, Feb. 22, 2017 /PRNewswire/ - New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT:NGD) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and...
News Article | November 15, 2016
(All dollar figures are in US dollars unless otherwise indicated) TORONTO, Nov. 15, 2016 /PRNewswire/ - New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT:NGD) today announces that the company has received approval to commence construction of the tailings management facility at its Rainy...