NEW GOLD CONSOLIDATES 100% INTEREST IN ITS NEW AFTON MINE [Yahoo! Finance]
New Gold Inc. (NGD)
NASDAQ:AMEX Investor Relations:
newgold.com/investors
Company Research
Source: Yahoo! Finance
TORONTO April 7, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers' Pension Plan ("Ontario Teachers'") to acquire the remaining 19.9% free cash flow interest in the Company's New Afton Mine ("New Afton") (the "Transaction"). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%. On closing of the Transaction, Ontario Teachers' free cash flow interest in New Afton will be fully eliminated in exchange for a cash payment of $300 million from New Gold. New Gold plans to fund the cash payment with cash on hand, borrowings from its existing revolving credit facility and a gold prepayment financing ("Gold Prepayment"). Benefits to New Gold Shareholders Fully consolidates free cash flow from one of Canada's most attractive mines – New Afton is entering into a period of expected significant free ca
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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