About New Gold
New Gold is an intermediate gold mining company. The company has a portfolio of four producing assets and two significant development projects. The New Afton Mine in Canada, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico (which transitioned to residual leaching in 2016) provide the company with its current production base. In addition, New Gold owns 100% of the Rainy River and Blackwater projects, located in Canada.
New Gold is committed to excellence in corporate social responsibility. We consider our ability to make a lasting and positive contribution to our host communities to be a key driver toward achieving a productive and profitable business. At New Gold, we contribute to sustainable development by ensuring we have an understanding of the impacts of our activities on local communities and the environment, and mitigating them. We apply this approach throughout the mine life cycle, from early exploration through development and operation, to decommissioning and mine closure.
New Gold is a signatory to, and business participant member of, the United Nations (UN) Global Compact. We joined the UN Global Compact because we share its principles on human rights, labour standards, care for the environment and anti-corruption. These principles guide our corporate policies and management standards, and set the framework for our Code of Business Conduct and Ethics.
New Gold believes in positively contributing to the mining industry and actively engages in collaborative initiatives to improve the industry’s environmental and social performance. As part of this commitment, New Gold is a member of the following organizations:
- World Gold Council
- Mining Association of Canada
- Prospectors and Developers Association of Canada
- Mining Innovation Council
- Mining Association of Ontario
- Mining Association of British Columbia
- Mexican Mining Chamber
- Canadian Chamber of Commerce in Mexico
- American Exploration and Mining Association in the United States
- Business for Social Responsibility
- International Cyanide Management Code
We regularly contribute to strategic and communication efforts from organizations such as Mining Innovation Council and Genome BC. Since 2015, we have been an active participant and a sponsor of the Coalition for Energy Efficient Comminution (CEEC), which aims at improving energy and cost outcomes in comminution (the reduction of mineral ore to small particles).
A description of New Gold’s participation in industry associations and other organizations is available in the Appendix.
2016 Operational Highlights
- Full-year gold production of 381,663 ounces
- Copper production of 102 million pounds
- Operating expense of $640 per gold ounce and $1.14 per copper pound