New Gold acquires remaining interest in New Afton mine for $300m [Yahoo! Finance]
New Gold Inc. (NGD)
NASDAQ:AMEX Investor Relations:
newgold.com/investors
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Source: Yahoo! Finance
interest in the New Afton copper-gold mine in British Columbia, Canada, for a $300m (C$425.51m) cash payment in return. The payment will be financed through available cash, borrowings from an existing credit facility and a gold prepayment financing arrangement. Approximately $100m of the cash payment will be funded through gold prepayment financing. Under this arrangement, New Gold will deliver a predetermined number of gold ounces over a 12-month term, which represents around 8% of the company's projected consolidated gold production for that period. This transaction will result in New Gold fully consolidating its free cash flow interest in the mine to 100%. Global investor Ontario Teachers' formed a strategic partnership with New Gold in 2020, acquiring a 46% free cash flow interest in the New Afton mine for $300m upfront. In 2024, this interest was reduced to 19.9% following a $255m cash payment from New Gold. Additional terms of the transaction include the terminatio
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NGD
Earnings
- 10/28/25 - Beat
NGD
Sec Filings
- 11/13/25 - Form 6-K
- 11/12/25 - Form SCHEDULE
- 11/3/25 - Form 6-K
- NGD's page on the SEC website