TORONTO, Aug. 10,
2023 /PRNewswire/ - New Gold Inc. ("New Gold" or
the "Company") (TSX: NGD) (NYSE American: NGD) provides an
update on its tailings facilities at the Company's New Afton Mine,
located in Kamloops B.C.
During regular inspections of the New Afton Tailings Storage
Facility completed on August
9th, the Company observed geotechnical variances
that require further review by the Engineer of Record ("EOR"). Out
of an abundance of caution, the Company has elected to suspend
underground mining activities allowing its EOR appropriate time to
review the findings.
Milling operations continue unaffected and are utilizing the
existing surface stockpile. In-pit tailings deposition is ongoing
as planned. New Gold has alerted and is working with the relevant
regulatory authorities to address the situation, and will issue
further updates as appropriate.
Our priority remains the health, safety and wellbeing of our
employees, contractors and communities.
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 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.
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SOURCE New Gold Inc.