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NEW GOLD COMPLETES 100% CONSOLIDATION OF THE FREE CASH FLOW INTEREST IN ITS NEW AFTON MINE

1. New Gold Inc. has acquired 19.9% cash flow interest from Ontario Teachers'. 2. The acquisition fully consolidates New Afton's cash flow interest to 100%. 3. The company aims to enhance value for shareholders through strategic assets.

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Why Bullish?

The full consolidation of cash flow boosts NGD's financial health. Historically, consolidations lead to stock appreciation due to perceived operational control.

How important is it?

The strategic acquisition directly aligns with NGD's growth objectives and investor interests, significantly affecting stock sentiment.

Why Long Term?

This strategic acquisition strengthens NGD's portfolio, promising long-term revenue stability, similar to previous successful consolidations in the mining sector.

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OTPP
(All dollar figures are in US dollars unless otherwise indicated) , /PRNewswire/ -  New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that the previously announced 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") has now closed. The Company has now fully consolidated its free cash flow interest in New Afton to 100% and terminated all existing agreements with respect to Ontario Teachers' free cash flow interest in New Afton. 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.  SOURCE New Gold Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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