New Gold Inc.

On July 29, representatives from New Gold and the Board of Directors were honoured to be welcomed for a ceremony and meeting by Stk'emlupsemc Te Secwepemc Nation (SSN) and Tk̓emlúps te Secwépemc leadership. Read more in Tk̓emlúps te Secwépemc’s publication found here: https://bit.ly/4dcty75  

New Gold is pleased to announce that Richard O’Brien has been appointed as Chair of the Board effective immediately. Mr. O’Brien was appointed to the Board of Directors on March 25, 2024, where it was announced that he was expected to transition into the Chair on August 1, 2024. As previously disclosed, Ian Pearce has retired from the Board of Directors. Click here to read the full news release: https://bit.ly/3Swnj5P

Our operations continued to deliver as planned in the second quarter resulting in strong cash flow from operations and free cash flow. The Company was free cash flow positive through the first six months of the year and has now entered a sustained free cash flow generation period. https://bit.ly/4dm41YI 

New Gold is pleased to announce that Christian Milau has been appointed to its Board of Directors effective immediately. Christian brings over 25 years of experience in finance, capital markets and mining. Click here to read the full news release: https://bit.ly/4diNSDg

The Responsible, Inclusive and Participative Closure Plan of Cerro San Pedro in Mexico is now in the process of validating the fulfillment of its environmental obligations by the Ministry of Environment and Natural Resources and the Federal Office of Protection to the Environment. Cerro San Pedro has reforested 400 hectares in the community of Monte Caldera as an act of environmental compensation to support the environmental health of the area. Read more about Closure in New Gold’s 2023 ESG Social Report. The closure plan has included key environmental restoration and remediation activities in the local area. Responsible mine closure is an important part of the mining life cycle. New Gold believes that sustainable closure planning should be proactive and go beyond environmental compliance requirements to consider other socioeconomic impacts in the community as well. https://lnkd.in/egkUsiz5

In 2023, our teams exemplified what it means to put safety first across New Gold. We achieved a Total Reportable Injury Frequency rate of 0.80—the lowest in New Gold’s history. This incredible achievement places New Gold as a leader among our industry peers, and we couldn’t be prouder of our team for this meaningful achievement. Read more about New Gold’s commitment to Health and Safety and our performance in our 2023 ESG Social Report.  https://lnkd.in/eCiUCY4a

New Gold is providing notice that it will release second quarter 2024 results after market on Tuesday, July 30th. The Company will host a conference call and webcast to discuss the results July 31st at 8:30AM EDT. Click here for more information: https://lnkd.in/eHru5622

The team at New Afton Mine welcomed 18 high school students for a tour as part of the Future Women in Mining event, introducing students to different career paths in the mining industry. The tour was in partnership with School District 73’s Discovery Day career exploration program which allows students to sign up for day trips to explore jobs that interest them. https://lnkd.in/gWEuiHdA

Across operations, we achieved a significant 50% reduction in water withdrawal in 2023. While this reduction of water is partially associated with below average precipitation conditions experienced at both sites, significant work was accomplished to also reduce the volume of new water required in operations. Water is an important resource for New Gold’s operations and our role in water stewardship forms a key component of our Sustainability Strategy. Prioritizing water management has the potential to not only improve operations but also create opportunities to help ensure better water quality and access in the communities where we operate. Read more about New Gold’s Water and Water Stewardship performance in our 2023 ESG Environmental Report. https://lnkd.in/eJ4jfQkD

In 2023, New Gold contributed over C$1,000,000 to non-governmental agencies, charities, and research institutions. These contributions help support New Gold’s intention to sustainably invest in our local communities in ways that support long term economic and social development. New Gold’s Community Investment Program supports the Company’s belief that our host communities should see the economic benefit from our operations today and into the future. We strive to go beyond traditional philanthropic practices, working with shared values to create meaningful impact with local communities. Read more about New Gold’s Economic Development performance in our 2023 ESG Social Report. https://lnkd.in/eEQXXRay