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Dual Listed New Gold, Down 26% YTD, Resumes Surface Operations at the New Afton Mine After Deadly Incident

· 02/05/2021 02:14

07:09 AM EST, 02/05/2021 (MT Newswires) -- New Gold Inc. (TSX and NYSE American: NGD) said before markets opened Friday that it had resumed surface operations at its New Afton Mine in British Columbia.

The Toronto-based miner said no surface infrastructure was impacted by the underground mud-rush incident that occurred on Feb 2. One worker was killed and two more were injured as a result of the mud-rush.

Underground operations remain suspended, the company said, though the mill facility and tailings operations were restarted on Thursday afternoon. The mill is currently processing ore from the live pile and intermediate-grade surface stockpile.

New Gold's TSX-listed shares fell $0.18 or 7.53% in Thursday trading to close at $2.21 per share. The stock has declined 26% in 2021 trading thus far, having opened the Jan 4, 2021 session at $2.99 per share.

Price: 2.2100, Change: -0.1800, Percent Change: -7.53