(All amounts are in U.S. dollars unless otherwise
indicated)
TORONTO, June 11,
2025 /CNW/ - New Gold Inc. ("New Gold" or the
"Company") (TSX: NGD) (NYSE American: NGD) announces that,
pursuant to the terms of the indenture governing its 7.50% Senior
Notes due 2027 (the "2027 Notes"), it has issued a notice of
redemption to redeem the remaining $111
million aggregate principal amount of outstanding 2027 Notes
on July 15, 2025. The redemption of
the 2027 Notes will be funded with the remaining proceeds from the
Company's March 2025 senior notes
offering, together with cash on hand.
About New Gold
New Gold is a Canadian-focused intermediate mining Company with
a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the
Rainy River gold mine. New Gold's vision is to be the most valued
intermediate gold and copper producer through profitable and
responsible mining for our shareholders and stakeholders. For
further information on the Company, visit
www.newgold.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including
any information relating to New Gold's future financial or
operating performance are "forward-looking" within the meaning of
applicable Canadian and U.S. securities legislation. All
statements, other than of historical fact, that address activities,
events or developments that New Gold believes, expects or
anticipates will or may occur in the future are forward-looking
statements, including the redemption of the 2027 Notes and the
funding thereof. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that may cause
the actual results to be materially different from those expressed
or implied by such forward-looking statements. Although New Gold
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. New Gold does
not undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
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SOURCE New Gold Inc.
