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February 6, 2014
08:13 EDTNGDNew Gold increased gold reserves by 127% in 2013
New Gold reported Q4 production of 106,520 ounces of gold and 24.0M pounds of copper. In 2013, the company achieved total cash costs of $377 per ounce, the lowest in its history. Its 2013 production was 397,688 ounces of gold, 85.4M pounds of copper and 1.6M ounces of silver. Its 2013 year-end mineral reserves were 18.5M ounces of gold, an increase of 127% per share when compared to the end of 2012. Its year-end cash balance was $414M.
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August 27, 2015
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08:05 EDTNGDNew Gold to sell El Morro Interest to Goldcorp for $90M and 4% gold stream
New Gold (NGD) has entered into an agreement with Goldcorp (GG) to sell New Gold's 30% interest in the El Morro project to Goldcorp in exchange for $90M in cash, a 4% stream on gold production from the El Morro property and the cancellation of New Gold's $93M carried funding loan. The $90M are to be paid at closing of the transaction, expected to be in Q4. The 4% stream is on life-of-project gold production from the 417 square kilometre El Morro property, with currently estimated gold mineral reserves of 599M tons at an average gold grade of 0.46 g/T, totalling 8.9M oz. New Gold will pay a fixed $400/oz. on the first 217K ounces of gold delivered as part of the stream. New Gold will no longer be obligated to repay the $93M in debt that Goldcorp funded on the company's behalf. Goldcorp and Teck Resources (TCK) plan to combine their respective El Morro and Relincho projects into a 50/50 joint venture with the interim name of Project Corridor. Goldcorp and Teck are expecting to commence a Pre-Feasibility Study in early 2016 which should be completed 12 to 18 months thereafter.

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