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New Gold achieves financial strength

New Gold has achieved a state of financial strength as its Rainy River gold mine in Ontario, Canada delivered free cash flow in 2021, the sale of a royalty and restructuring its debt, president and CEO Renaud Adams said during the company’s 2021 results conference call.

Paul Harris
New Gold's Rainy River in Ontario, Canada

New Gold's Rainy River in Ontario, Canada

The company reported net earnings of US$141 million on revenue of $745.5 million for the year compared with a net loss of $79 on sales of $643.3 million in 2020 as the average realised gold price increased...

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