(All dollar figures are in US dollars unless otherwise indicated)
TORONTO, April 7, 2025 /PRNewswire/ – New Gold Inc. (“New Gold” or the “Company”) (TSX:NGD) (NYSE:NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers’ Pension Plan (“Ontario Teachers'”) to acquire the remaining 19.9% free cash flow interest in the Company’s New Afton Mine (“New Afton”) (the “Transaction”). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%.
On closing of the Transaction, Ontario Teachers’ free cash flow interest in New Afton will be fully eliminated in exchange for a cash payment of $300 million from New Gold
TORONTO, April 7, 2025 /PRNewswire/ – New Gold Inc. (“New Gold” or the “Company”) (TSX:NGD) (NYSE:NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers’ Pension Plan (“Ontario Teachers'”) to acquire the remaining 19.9% free cash flow interest in the Company’s New Afton Mine (“New Afton”) (the “Transaction”). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%.
On closing of the Transaction, Ontario Teachers’ free cash flow interest in New Afton will be fully eliminated in exchange for a cash payment of $300 million from New Gold
