New Gold Announces Closing of Blackwater Gold Stream for US$300 Million
December 22 2021 - 4:45PM
PR Newswire (Canada)
TORONTO, Dec. 22, 2021 /CNW/ - New Gold Inc. ("New
Gold" or the "Company") (TSX: NGD) and (NYSE
American: NGD) today reports that it has closed the previously
announced sale of the gold stream held on the Blackwater Project
("Blackwater") located in British
Columbia, Canada to Wheaton Precious Metals Corp. for
US$300 million. Blackwater is
wholly-owned by Artemis Gold Inc. ("Artemis"), with New Gold having
retained the gold stream as partial consideration for the
divestiture of Blackwater to Artemis on August 21, 2020.
About New Gold
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 environment and
social responsibility. For further information on the Company,
visit www.newgold.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/new-gold-announces-closing-of-blackwater-gold-stream-for-us300-million-301450115.html
SOURCE New Gold Inc.
Copyright 2021 Canada NewsWire
New Gold (AMEX:NGD)
Historical Stock Chart
From Apr 2024 to May 2024
New Gold (AMEX:NGD)
Historical Stock Chart
From May 2023 to May 2024