New Gold

  • New Gold Acquires Full Ownership of New Afton Mine for $300 Million

    BY Lars Jensen
    Canada’s New Gold has finalized an agreement to acquire the remaining 19.9% free cash flow interest in the New Afton copper-gold mine from the Ontario Teachers’ Pension Plan for $300 million. The transaction consolidates New Gold’s ownership of the mine, located 10 kilometers west of Kamloops, British Columbia, granting the company full control over one...
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