Skip to main content
Welcome to
super saver spring
offer ends april 20
save over $140
save over 85%
per week for 24 weeks
Welcome to
super saver spring
per week
for 24 weeks
// //

New Gold Inc TSX: NGD-T

Today's Change
Real-Time Last Update TSX Last Sale

More stories below advertisement

New Gold Completes Partial Redemption of Outstanding 6.375% Senior Notes

BusinessWire - Thu Dec 24, 4:12AM CST

December 23, 2020- New Gold Inc. ("New Gold" or the "Company") (TSXandNYSEAmerican:NGD) today announced that it has completed the previously announced partial redemption of $200 million aggregate principal amount of its outstanding 6.375% Senior Notes due 2025. The redemption was funded with cash on hand.

Following the completion of the transaction, the Company has approximately $205 million of cash on hand(1) and $510 million of liquidity(2).

Based on cash and cash equivalents as at September 30, 2020 of $416 million less redemption principal, redemption premium, and accrued interest.Approximately $45 million of the $350 million credit facility is currently used for Letters of Credit related to mine closure costs.

About New Gold Inc.

New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines. The Company also holds an 8% gold stream on the Artemis Gold Blackwater project located in British Columbia and a 6% equity stake in Artemis. The Company also operates the Cerro San Pedro Mine in Mexico (in reclamation). New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on the Company, visit

View source version on

SOURCE: New Gold Inc.

Anne Day
Vice President, Investor Relations
Direct: +1 (416) 324 6003
comtex tracking

More stories below advertisement

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2021.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies