New Gold Announced Robust Operational Results in 2021

SEATTLE (Scrap Monster): New Gold Inc. announced operational results for the fourth quarter and full year ended 31^st December, 2021. The company will release its fourth quarter and full year 2021 financial results and operational outlook for 2022 on Wednesday, 23^rd February, 2022.

The company’s total production for the fourth quarter was 111,574 gold equivalent ounces, comprising 81,072 ounces of gold, 214,030 ounces of silver and 14.2 million pounds of copper. For the full year 2021, the production totalled 418,933 gold equivalent ounces, consisting of 286,921 ounces of gold, 867,961 ounces of silver and 61.7 million pounds of copper. New Gold achieved updated consolidated gold equivalent production guidance, said the press release.

The Rainy River Mine produced 70,500 gold equivalent ounces for the quarter and 242,961 gold equivalent ounces for the whole previous year. At the same time, the production in Q4 and full-year 2021 from the New Afton Mine totalled 41,074 gold equivalent ounces and 175,972 gold equivalent ounces respectively.

Renaud Adams, President & CEO stated that the company continued to execute on its plans, despite challenges. The Raint River Mine achieved the strongest quarter over the last two years, despite a 3-day mill shutdown, he added.