New Gold
New Gold operates the Rainy River and New Afton Mines in Canada and is committed to responsible mining and sustainability, adhering to the United Nations Global Compact and the Mining Association of Canada’s protocols.
Core Producing Assets
New Gold operates two core producing assets in Canada: the Rainy River Mine and the New Afton Mine. Both mines are pivotal to the company's operations, contributing significantly to their gold production output. Rainy River Mine is located in Ontario, while the New Afton Mine is situated in British Columbia, each offering distinct geologic and operational advantages.
Sustainability Initiatives
New Gold demonstrates a strong commitment to responsible mining practices and sustainability. The company adheres to the Mining Association of Canada’s Towards Sustainable Mining Protocols, ensuring operational processes meet high environmental and social standards. Their sustainability strategy aligns with the United Nations Sustainability Development Goals, aiming to create long-term value for both the environment and the communities in which they operate.
Environmental, Social, and Governance (ESG) Reports
New Gold publishes detailed annual Environmental, Social, and Governance (ESG) reports. These reports provide transparency on the company’s performance in various areas, including environmental impact, social responsibility, and governance practices. The reports help stakeholders understand New Gold’s progress toward its sustainability goals and commitment to ethical operations.
Community Investment Strategies
New Gold actively engages in community investment strategies designed to support local economic development and enhance community well-being. These strategies involve collaborations with local stakeholders to ensure that mining activities contribute positively to the regions where the company operates. Investments focus on initiatives that promote education, health, and infrastructure development among local communities.
Environmental Initiatives at Cerro San Pedro
New Gold transitioned the Cerro San Pedro mine in Mexico from active mining to reclamation in 2016. In April 2023, the company published a social closure report detailing the measures taken to responsibly close the site and mitigate environmental impacts. The report highlights New Gold’s commitment to sustainable mining practices even after the cessation of active operations.