Fact Sheet - New Gold
Fact Sheet - New Gold
Fact Sheet - New Gold
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March August 2012<br />
All figures in this publication are in US dollars unless otherwise specified.<br />
GOLD MEASURED &<br />
INDICATED RESOURCES<br />
20.5<br />
MILLION OUNCES<br />
TRADING SYMBOLS INFORMATION<br />
TSX: NGD NYSE MKT: NGD<br />
SHARE CAPITAL (June 30, 2012)<br />
Basic 462 million<br />
Market Capitalization C$4.7 billion<br />
CASH BALANCE (as at June 30, 2012)<br />
$230 million<br />
GOLD RESERVES<br />
7.9 million ounces<br />
MEASURED & INDICATED<br />
GOLD RESOURCES<br />
20.5 million ounces<br />
www.newgold.com<br />
GROWING NEW GOLD<br />
<strong>New</strong> <strong>Gold</strong> is an intermediate gold mining company. The company has<br />
a portfolio of four producing assets and two significant development<br />
projects. <strong>New</strong> <strong>Gold</strong> recently added to its production base as the company’s<br />
<strong>New</strong> Afton mine achieved commercial production on July 31, 2012.<br />
Together with the Mesquite Mine in the United States, the Cerro San<br />
Pedro Mine in Mexico and Peak <strong>Gold</strong> Mines in Australia, the company is<br />
forecasting between 405,000 and 445,000 ounces of gold production in<br />
2012. In addition, <strong>New</strong> <strong>Gold</strong> owns 30% of the world-class El Morro project<br />
located in Chile and 100% of the exciting Blackwater project in Canada.<br />
For further information on the company, please visit www.newgold.com.<br />
Overview<br />
• History of accretive growth<br />
• Leading intermediate gold producer<br />
• Four producing assets<br />
• Two fully-funded growth projects<br />
• C$4.7 billion market capitalization<br />
• $230 million in cash (as at June 30, 2012)<br />
• Strong Board and Management
Operations<br />
Trend of expanding margins continues<br />
2012 Guidance<br />
GOLD PRICE: +69%<br />
Realized gold price<br />
(US$/oz)<br />
MARGIN PER OUNCE: +241%<br />
$863<br />
$297<br />
$566<br />
2008<br />
$987<br />
$522<br />
2009<br />
Margin<br />
(US$/oz)<br />
$1,194<br />
$766<br />
2010<br />
Cash Cost (1)<br />
(US$/oz)<br />
$1,460<br />
$1,014<br />
$465 $428 $446<br />
2011<br />
$1,500<br />
$1,200<br />
$900<br />
$600<br />
$300<br />
0<br />
GOLD<br />
PRODUCTION<br />
(1)<br />
405 – 445Koz<br />
TOTAL<br />
CASH COST (1)<br />
$410 – $430/oz<br />
2012 Cash Cost Assumptions<br />
• $30.00 per ounce silver<br />
• $3.50 per pound copper<br />
• Parity Australian dollar<br />
• Parity Canadian dollar<br />
2012 Cash Cost Sensitivities<br />
• +/- $1.00 per ounce silver ~ +/- $5 per ounce<br />
• +/- $o.25 per pound copper ~ +/- $25 per ounce<br />
• +/- $0.05 AUD FX ~ +/- $10 per ounce<br />
• +/- $0.05 CDN FX ~ +/- $5 per ounce<br />
Mesquite<br />
The Mesquite Mine is located in Imperial At the end of 2011, the mine had 2.8 million<br />
County, California, approximately 70 kilometres<br />
northwest of Yuma, Arizona and 230 kilo-<br />
and 5.5 million ounces of measured and indi-<br />
ounces of proven and probable gold reserves<br />
$1,460<br />
$1,500<br />
metres east of San Diego, California. $1,194 It is an cated gold resources, inclusive of reserves.<br />
$1,014<br />
$1,200 open pit, run-of-mine heap leach operation.<br />
$987<br />
$863<br />
$766<br />
$900<br />
$522<br />
$297<br />
$600<br />
$566<br />
$300 Cerro San Pedro $465 $428 $446<br />
The Cerro San Pedro Mine is located in the had 1.0 million ounces of proven and probable<br />
state 0 of San Luis Potosí in central Mexico,<br />
gold reserves and 30.4 million ounces<br />
approximately 2008A<br />
kilometres 2009A east 2010A of the city 2011A<br />
of San Luis Potosí. The project property is a<br />
gold-silver, open pit, run-of-mine heap leach<br />
operation in the historic Cerro San Pedro<br />
mining district. At the end of 2011, the mine<br />
MARGIN PER OUNCE: +241%<br />
GOLD PRICE: +69%<br />
of proven and probable silver reserves, with<br />
1.8 million ounces of measured and indicated<br />
gold resources, inclusive of reserves, and 55.9<br />
million ounces of measured and indicated<br />
silver resources, inclusive of reserves.<br />
Peak Mines<br />
The Company’s Peak Mines gold-copper<br />
mining operation is an underground mine/<br />
mill operation located in the Cobar Mineral<br />
Field near Cobar, <strong>New</strong> South Wales, Australia.<br />
At the end of 2011, the mine had 0.6 million<br />
ounces of proven and probable gold reserves<br />
and 66 million pounds of proven and probable<br />
copper reserves, with 0.9 million ounces<br />
of measured and indicated gold resources,<br />
inclusive of reserves, and 167 million pounds<br />
of measured and indicated copper resources,<br />
inclusive of reserves. Peak has continually<br />
proven its ability to replace annual depletion<br />
with new resources.
<strong>New</strong> Afton<br />
The Company’s <strong>New</strong> Afton copper-gold mine<br />
is located in Kamloops, British Columbia,<br />
Canada. The project is a large underground<br />
copper-gold deposit, which will produce an<br />
annual estimated average of 85,000 ounces<br />
of gold and 75 million pounds of copper. At<br />
the end of 2011, the deposit had 1.0 million<br />
ounces of proven and probable gold and<br />
1.0 billion pounds of proven and probable<br />
copper reserves, with 1.7 million ounces of<br />
measured and indicated gold resources,<br />
inclusive of reserves, and 1.6 billion pounds<br />
of measured and indicated copper resources,<br />
inclusive of reserves. The mine successfully<br />
achieved commercial production in July 2012,<br />
ahead of schedule.<br />
DEVELOPMENT PROJECTS<br />
Blackwater<br />
In June 2011, <strong>New</strong> <strong>Gold</strong> closed the acquisition<br />
of Richfield and its flagship Blackwater<br />
project. <strong>New</strong> <strong>Gold</strong> added to its property<br />
holding with the subsequent acquisitions of<br />
Silver Quest and Geo Minerals in December,<br />
2011. Blackwater is a bulk-tonnage gold<br />
project located approximately 160 kilometres<br />
southwest of Prince George, in central British<br />
Columbia, Canada. Blackwater has a mineral<br />
resource estimate of 7.1 million ounces of<br />
indicated gold resources and an additional<br />
2.5 million ounces of inferred gold resources.<br />
As part of the Silver Quest acquisition, <strong>New</strong><br />
<strong>Gold</strong> also acquired a 100% interest in the<br />
Capoose Property, located adjacent to Blackwater,<br />
with an established gold and silver<br />
mineral resource. The Capoose indicated<br />
mineral resource is 0.4 million ounces of gold<br />
and 26.6 million ounces of silver. The inferred<br />
resource is 0.4 million ounces of gold and<br />
29.5 million ounces of silver.<br />
• Indicated Resource (2) – 7.1Moz <strong>Gold</strong>;<br />
Inferred Resource (2) – 2.5Moz <strong>Gold</strong><br />
• Latest resource includes 417 holes totaling<br />
147,619 metres<br />
• 19 drills active at site<br />
• Consolidated land position – over 1,000km 2<br />
• Exploration/development internally funded<br />
and tax synergies with <strong>New</strong> Afton<br />
El Morro<br />
El Morro is a gold-copper development project<br />
located in north-central Chile, Atacama<br />
Region, approximately 80 kilometres east of<br />
the city of Vallenar. The El Morro project is<br />
a world-class project with low expected cash<br />
costs and great organic growth potential.<br />
Attributable to <strong>New</strong> <strong>Gold</strong>’s 30% share of the<br />
project are proven and probable gold reserves<br />
of 2.5 million ounces, proven and probable<br />
copper reserves of 1.9 billion pounds, and<br />
3.0 million ounces and 2.2 billion pounds of<br />
gold and copper measured and indicated<br />
resources, respectively, inclusive of reserves.<br />
• Reserve (2) – 2.5Moz <strong>Gold</strong>; 1.9Blbs Copper<br />
• Additional 1.2Moz higher grade inferred<br />
resource identified below pit<br />
• <strong>New</strong> <strong>Gold</strong>/<strong>Gold</strong>corp partnership validated<br />
by court<br />
• Current resource entirely within<br />
La Fortuna deposit<br />
• <strong>New</strong> <strong>Gold</strong>’s share of capital fully funded<br />
by 70% partner <strong>Gold</strong>corp
1<br />
2<br />
3<br />
4<br />
5<br />
6<br />
Properties & Quick <strong>Fact</strong>s (2)<br />
NEW GOLD INC.<br />
Two Bentall Centre<br />
1800–555 Burrard Street<br />
Vancouver, British Columbia, Canada<br />
V7X 1M9<br />
T. +1 604 696 4100<br />
F. +1 604 696 4110<br />
Royal Bank Plaza, South Tower<br />
3120–200 Bay Street<br />
Toronto, Ontario, Canada<br />
M5J 2J4<br />
T. +1 416 324 6000<br />
F. +1 416 324 9494<br />
Investor Inquiries<br />
+1 888 315 9715<br />
info@newgold.com<br />
www.newgold.com<br />
1. BLACKWATER PROJECT<br />
CANADA<br />
M&I Resources<br />
<strong>Gold</strong> 7.1 million oz<br />
Silver 34.0 million oz<br />
2. NEW AFTON<br />
CANADA<br />
2012 Production (guidance)<br />
<strong>Gold</strong> 35–45 thousand oz<br />
Copper 30–35 million lbs<br />
2012 Total Cash Cost/Oz<br />
(guidance) (1) ($1,200)–<br />
($1,300)<br />
Reserves<br />
<strong>Gold</strong> 1.0 million oz<br />
Copper 1.0 billion lbs<br />
M&I Resources<br />
<strong>Gold</strong> 1.7 million oz<br />
Copper 1.6 billion lbs<br />
3. MESQUITE<br />
USA<br />
2012 Production (guidance)<br />
<strong>Gold</strong> 140–150 thousand oz<br />
2012 Total Cash Cost/Oz<br />
(guidance) (1) $710 – $730<br />
Reserves<br />
<strong>Gold</strong> 2.8 million oz<br />
M&I Resources<br />
<strong>Gold</strong> 5.5 million oz<br />
4. CERRO SAN PEDRO<br />
MEXICO<br />
2012 Production (guidance)<br />
<strong>Gold</strong> 140–150 thousand oz<br />
Silver 1.9–2.1 million oz<br />
2012 Total Cash Cost/Oz<br />
(guidance) (1) $250–$270<br />
Reserves<br />
<strong>Gold</strong> 1.0 million oz<br />
Silver 30.4 million oz<br />
M&I Resources (oxide)<br />
<strong>Gold</strong> 0.9 million oz<br />
Silver 34.7 million oz<br />
M&I Resources (sulphide)<br />
<strong>Gold</strong> 0.9 million oz<br />
Silver 21.2 million oz<br />
5. EL MORRO PROJECT (30%)<br />
CHILE<br />
Reserves<br />
<strong>Gold</strong> 2.5 million oz<br />
Copper 1.9 billion lbs<br />
M&I Resources<br />
<strong>Gold</strong> 3.0 million oz<br />
Copper 2.2 billion lbs<br />
6. PEAK MINES<br />
AUSTRALIA<br />
2012 Production (guidance)<br />
<strong>Gold</strong> 90–100 thousand oz<br />
Copper 12–14 million lbs<br />
2012 Total Cash Cost/Oz<br />
(guidance) (1) $640–$660<br />
Reserves<br />
<strong>Gold</strong> 0.6 million oz<br />
Copper 66 million lbs<br />
M&I Resources<br />
<strong>Gold</strong> 0.9 million oz<br />
Copper 167 million lbs<br />
1. Cash costs are net of copper/silver by-product sales.<br />
2. For additional details on Reserves and Resources, including related disclosure, please visit<br />
www.newgold.com/investors/ReservesandResources.
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