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TORONTO, – New Gold Inc. (“New Gold” or the “Company”) (TSX: NGD) (NYSE American: NGD) is pleased to announce that the Mines Act M229 Permit Amendment enabling mining of the C-Zone was received from the Ministry of Energy, Mines and Low Carbon Innovation.
“The receipt of the Mines Act M229 Permit Amendment is a significant milestone for New Afton and allows for mining of the
C-Zone,” stated Renaud Adams, President & CEO. “The New Afton team continues to advance development of the C-Zone, with commencement of production expected in the second half of 2023. I would like to express my gratitude to our team, communities, partners, and the Ministry for their collaborative efforts to complete this permitting process.”
New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com.
The scientific and technical information contained in this news release has been reviewed and approved by Patrick Godin, Executive Vice President and Chief Operating Officer of New Gold. Mr. Godin is a Professional Engineer and member of the Ordre des ingénieurs du Québec. He is a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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