New Gold ( (TSE:NGD) ) has issued an announcement.
New Gold Inc. announced the expiration and results of its tender offer for its 7.50% Senior Notes due 2027, with 72.21% of the principal amount tendered. The company plans to use proceeds from a new issuance of 6.875% Senior Notes due 2032 to purchase the tendered notes, with settlement expected on March 18, 2025. This financial maneuver aims to optimize New Gold’s debt structure and potentially improve its financial standing, although there is no assurance that untendered notes will be redeemed.
More about New Gold
New Gold Inc. operates in the mining industry, focusing on the exploration, development, and operation of mineral properties. The company primarily produces gold and copper, catering to markets that demand these precious and industrial metals.
YTD Price Performance: 23.28%
Average Trading Volume: 13,531,509
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.43B
For a thorough assessment of NGD stock, go to TipRanks’ Stock Analysis page.