Canadian mining companies grapple with coronavirus pandemic [Toronto Globe and Mail (Ontario, Canada)]
New Gold Inc. (NGD)
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newgold.com/investors
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Source: Toronto Globe and Mail
Canadian mining companies are paring back operations, quarantining workers, and putting development projects on hold, in the midst of widespread travel restrictions and lockdowns as COVID-19 spreads around the world. Toronto-based New Gold Inc. said on Friday it has suspended mining at a northwestern Ontario mine near the U.S. border to minimize the risk of spreading the novel coronavirus. About 7 per cent of the workforce at its Rainy River mine is local and employees routinely go back and forth to Minnesota. Many mine workers have already been self-isolating for some time due to the heightened risk brought on by cross-border travel. The entire 8-plus workforce at Kinross Gold Corp.’s Kupol gold mine in Russia remain in isolation, even after two workers suspected of having COVID-19 tested negative. The senior gold miner started isolating employees at the remote mine in the country’s far east last Saturday after the two individuals got sick and were hospitalized. Story continues below
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NGD
Earnings
- 10/29/24 - Beat
NGD
Sec Filings
- 11/14/24 - Form SC
- 10/30/24 - Form 6-K
- 10/29/24 - Form 6-K
- NGD's page on the SEC website