New Gold Inc. (NYSE: NGD) is a Canada-based intermediate gold mining company with a portfolio of production, development and exploration assets. Headquartered in Vancouver, the company focuses on the responsible extraction of gold, copper and silver. New Gold’s flagship operations include the New Afton underground mine in British Columbia and the Rainy River open-pit mine in Ontario, both of which employ conventional milling and flotation processes to produce gold and base metals for the global market.
In addition to its producing assets, New Gold has advanced the Blackwater project in central British Columbia through feasibility, permitting and community consultation stages. Scheduled to become one of Canada’s next major gold mines, Blackwater is designed to leverage modern environmental controls, water management systems and sustainable tailings storage technology. The company also maintains an early-stage exploration pipeline, targeting prospective gold and copper zones on adjacent land packages and in select jurisdictions internationally.
New Gold was established in 2008 following the spin-out of select assets from a senior gold producer. Since then, the company has grown through strategic acquisitions and partnerships, notably the development of Rainy River in 2019, which expanded its production profile and diversified its asset base. Throughout its history, New Gold has prioritized operational flexibility, cost management and capital discipline as it transitions from project development to steady-state production.
Governance and leadership at New Gold emphasize industry expertise and stakeholder engagement. The company’s board is chaired by veteran mining executive David Garofalo, while day-to-day operations are overseen by President and Chief Executive Officer Renaud Adams. New Gold’s management team places strong emphasis on health and safety, environmental stewardship and community relations, working in collaboration with Indigenous groups and local stakeholders to support regional economic development.
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