About New Gold
New Gold is an intermediate gold mining company with a portfolio of producing assets and one significant development project. The Rainy River and New Afton Mines in Canada, the Mesquite Mine in the United States, and the Cerro San Pedro Mine in Mexico (which transitioned to residual leaching in 2016) provide the company with its current production base. At the end of 2017, New Gold entered a sale agreement of the Peak Mines gold-copper mine in Australia, and the sale of this asset closed in early 2018. New Gold also owns 100% of the Blackwater project, located in Canada.
Contributing to Sustainable Development: A Business Priority
At New Gold, our overarching corporate responsibility goal is to contribute to sustainable development by minimizing any negative impacts associated with our activities, and at the same time, maximizing positive contributions to social and economic well-being in the areas we operate.
We manage our business in a way that ensures we have an understanding of the impacts of our activities on local communities and the environment, and take proactive action to minimize those impacts. Likewise, we contribute to sustainable development by looking ahead and using our experience to anticipate what opportunities our activities could bring an area, and taking action to support local participation in those opportunities. We apply this approach throughout the mine life cycle, from early exploration through development and operation, to decommissioning and mine closure.
As a company, New Gold is increasingly aware of – and sensitive to – geopolitical events, global trends and the role of our business in the broader context of national and global sustainable development. We regularly scan our operating contexts and take note of industry trends and emerging risks, such as the those highlighted in the Ernst & Young Top 10 Business Risks Facing Mining and Metals annual review. In 2017/2018, three of the top ten business risks highlighted by the E&Y review are directly relevant to New Gold’s sustainability strategy (i.e. regulatory risk, social license to operate, and optimization of energy), however all ten risks are relevant to our company’s overall strategy and long-term prospects. With this knowledge in hand, New Gold seeks to efficiently manage its business risks while contributing to sustainable development through measured investments of personnel time and company resources.
New Gold is a signatory to, and business participant member of, the United Nations (UN) Global Compact. We joined the UN Global Compact in 2009 to signal to our stakeholders our shared belief in the principles of human rights, labour standards, care for the environment and anti-corruption. These principles guide our corporate policies and management standards, and set the framework for our Code of Business Conduct and Ethics.
New Gold also believes in positively contributing to the mining industry and actively engages in collaborative initiatives to learn and improve the industry’s collective knowledge and contribution to sustainable development. As part of this commitment, New Gold is a member of the following organizations:
- World Gold Council
- Mining Association of Canada
- Prospectors and Developers Association of Canada
- Mining Innovation Council
- Mining Association of Ontario
- Mining Association of British Columbia
- Mexican Mining Chamber
- Canadian Chamber of Commerce in Mexico
- American Exploration and Mining Association in the United States
- International Cyanide Management Code
We regularly contribute to strategic and communication efforts of organizations such as the Mining Innovation Council and Genome BC. Since 2015, we have been an active participant and a sponsor of the Coalition for Energy Efficient Comminution (CEEC), which aims at improving energy and cost outcomes in ore-grinding.
A description of New Gold’s participation in industry associations and other organizations is available in the Appendix.