as tsx ngd nyse mkt ngd industry mining founded 1980 headquarters vancouver canada key people randall oliphant chair robert j. gallagher ceo brian w. penny cfo ernest d. mast vp of operations products gold silver copper revenue 695.939 mil 2011 31.2 % 1 net income 179.028 mil 2011 277 % 1 total assets 3 221.402 mil 32.6 % total equity 2 282 369 mil 50 % divisions minera san xavier peak gold mines western mesquite mines new afton website www.newgold.com new gold inc. is a multinational mining company with gold silver and copper containing assets . it engages in both exploratory and production activity in north america produces in the us mexico development and exploration in canada south america chile brazil and australia . regionally based subsidiaries manage business locally minera san xavier in mexico peak gold mines in australia . many of its mines are polymetallic meaning they hold significant resources in more than one base metal ; new afton contains tens of millions of pounds and ounces of copper and gold respectively while cerro san pedro produces a significant amount of gold and silver . its newest mine to enter operation new afton located near kamloops british columbia began producing gold and copper in 2012 . new gold has made deals with local first nations groups tk emlups and skeetchestn centered on resource sharing and job recruitment . 2 the new afton mine raises total production to between 405 000 and 445 000 ounces . the company also produces about 2 million ounces of silver and 12.7 billion pounds of copper . 3 contents 1 history 2 production 3 operating mines 4 exploration 5 references history edit the company with the new gold inc. name goes back to 1980 however the bulk of the company as it exists today is the result of a 1.6 billion 2008 merger between metallica resources peak gold ltd. and new gold inc. peak gold s ceo bob gallagher was the first ceo of the new company . 4 it acquired western goldfields in march 2009 for cdn 285 million . 5 6 7 production edit 2011 new gold output was 387 155 ounces at an average cash cost of 448 an ounce . that s 4 300 ounces more than the previous year . silver production was 1.983 million ounces and copper 12.7 billion pounds down 9.0 % and 17.0 % respectively . 3 new gold also sells gold 391 890 ounces up 6.2 % . 2010 new gold produced 382 911 ounces of gold 26.9 % more than the previous year and sold 369 077 ounces at a total cash cost 8 % lower down to 428 oz . mesquite produced 44 % of the gold 169 023 ounces cerro san pedro 31.0 % 118 708 ounces with the rest coming from peak mines 95 180 ounces ; for 2011 nearly all of the new production is expected to come from cerro san pedro . 8 total production could surpass 400 000 ounces by 2012 . 6 operating mines edit mesquite mine gold is located in imperial county california near the algodones dunes it was acquired when new gold merged with western goldfields inc. the mine contributes about 45 % of total production . cerro san pedro gold and silver mine is located in the mexican state of san luis potos uses the process of heap leaching to recover minerals . it holds 52 million ounces of silver and 1.4 million ounces of gold ; gold production was 9 % higher in 2009 . 9 the property is made up of cretaceous limestone and tertiary diorite porphyry . this operation has faced heated opposition from local residents and was deemed illegal in 2005 by mexican courts . 10 the mine has been operating without a valid permit ever since . 11 peak gold mines gold copper lead iis in the cobar gold field of nsw australia production 15 million oz cu 90 000 oz gold . began operations in 1992 . new afton gold silver copper located 10 km . west of kamloops british columbia canada the mine is located on the site of the previous afton mine which had been inactive for a number of years . the new afton copper gold mine is located approximately 350 kilometres northeast of vancouver in the south central interior of british columbia . the property is only 10 kilometres from the regional hub of kamloops and is easily accessible by paved road . the project includes an open pit underground workings historic support facilities a new concentrator and recently constructed tailings facility . the new afton deposit extends to the southwest from immediately beneath the afton mine open pit . new afton began production in june 2012 and began commercial production ahead of schedule in july 2012 . the underground operation is expected to produce on average 85 000 ounces of gold and 75 million pounds of copper per year over a 12 year mine life . exploration edit currently new gold inc. has two development exploration projects blackwater an exploration development project located in south central british columbia canada . since acquiring the project in june 2011 new gold inc. has been actively drilling to extend the limits of the blackwater mineral resource and expand its mineral rights through the acquisitions of silver quest resources ltd. and geo minerals inc. which includes the addition of the capoose gold silver deposit to the blackwater mineral resource inventory and is advancing the project toward completion of a feasibility study in 2014 . rainy river a recently acquired advanced exploration gold project located in northwestern ontario . in may 2013 new gold inc. and rainy river resources ltd. jointly announced that in a friendly take over bid new gold inc. would acquire all outstanding common shares of rainy river resources ltd. and became the registered owner of 100 % of the outstanding shares of rainy river . currently completing the environmental assessment phase of development the project could eventually add over 8 million ounces of gold to the new gold reserves . references edit a b new gold 2011 report pdf . 2012 03 01 . untapped resource ; mining first nations to fill labour shortage . kamloops the daily news . 2010 06 15 . a b new gold announces record gold production in 2011 . 2012 02 02 . wright lisa 2008 04 01 . new mid tier gold producer in the making . the star . toronto . 4 fastest growing b.c. company new gold . 2010 10 27 . a b new gold to acquire western goldfields . the star . toronto . 2009 03 04 . new gold 2010 third quarter results pdf . 2010 11 04 . new gold 2010 annual review . may 4 2011 . cerro san pedro mine san luis petosi . retrieved 2010 11 13 . mexico rules canadian mine illegal the mcgill daily . retrieved 2010 12 05 . canadian mining company s operation shut down in mexico portal for north america . retrieved 2010 12 05 . retrieved from https en.wikipedia.org w index.php title new gold & oldid 705662692 categories companies listed on nyse mktcompanies listed on the toronto stock exchangegold mining companies of canadasilver mining companiescopper mining companiescompanies based in vancouvers & p tsx composite indexhidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 18 february 2016 at 20 58 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view