New Gold Inc (TSE:NGD) has released an update.
New Gold Inc. has successfully completed a substantial $173 million financing deal through the sale of over 100 million shares, enhancing their cash flow interest in the New Afton mine to 80.1% in partnership with Ontario Teachers’ Pension Plan Board. This strategic move bolsters the mining company’s financial foundation, enabling future growth and reinforcing its commitment to environmental and social responsibility. Investors are taking note as New Gold cements its status as a leading diversified gold company in Canada.
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