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Company Web Site: newgold.com
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-01-28. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.
External Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Stockhouse
More External Links: Knobias | Canadian Insider Trading
Recent Production
Source(s): 2008, 2009 full year production data and 2010 forecasts were taken from a January 25, 2010 Press Release.
- 2010 : Forecast gold production expected to increase further to 330,000 to 360,000 ounces at total cash cost of $445 to $465 per ounce sold, net of byproduct sales.
- 2009 : Full year production was 292,407 oz gold and 1,496,958 oz silver.
- 2008 : Full year production was 237,586 oz gold and 572,575 oz silver.
Hedge Notes:
Quote from p. 18 of 27 in the September 30, 2008 MD&A:
The Company does not presently have a metals hedging policy nor has it conducted any metals hedging in the past.GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02
Project/Deposit CC MVpSh PP% MI% I% Gold Silver Copper Cerro San Pedro Mine MX $25.02 0 37% 63% 6.60 M oz 178.84 M oz El Morro CL $23.27 0 94% 6% 2.75 M oz 984.95 K t New Afton CA $19.85 0 80% 20% 2.11 M oz 6.64 M oz 861.82 K t Mesquite US $13.90 0 93% 7% 5.23 M oz Peak Gold Mines AU $4.31 0 75% 25% 1.15 M oz 1.69 M oz 72.63 K t Amapari Mine BR $0.00 0 0 0 GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02 Metric / Metal Gold Silver Copper Metal Totals 17.84 M oz 187.17 M oz 1.92 M t Metal Prices in US$ (from 2010-09-02) $1,251.30 per oz $19.69 per oz $3.46130 per lb Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)$47.41 $7.83 $31.11 Percentage of Total Metal Value 54.90% 9.07% 36.03% PP% | MI% | I% 0 | 69% | 31% 0 | 45% | 55% 0 | 87% | 13% GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02 Metal Value per Share (MVpSh) US$86.34 Average Ore Value per Tonne US$37.04 Metal Value Leverage (MVL) 13.38 Market Capitalization as % of Metal Value 7.5% Recent Stock Price C$6.8 (TSX/TSXV close on 2010-09-02.)
Conversion rate used: 1 Cnd$ = 0.949244 US$ )Fully Diluted Share Count 470.80 M ( Fully diluted share count estimate based on the Outstanding Shares section of the MD&A for September 30, 2009 (the estimate was as of November 3, 2009). ) PP% | MI% | I% 0 | 73% | 27% Gold Metrics-- all Projects/Deposits Average Gold Ore Grade 0.505 g/t Market Capitalization
per oz of Gold In Ground$170.38 US$ | 179.49 C$ Gold Eq Oz Estimate 32.49 M oz ( 17.84 M oz are in ground) Market Capitalization
per oz of Gold Equilavent$93.54 US$ | 98.55 C$ See terms for more about GoldMinerPulse metrics. Additional Notes:
Proven + Probable Reporting Method - New Gold Reserves and Resources web page viewed September 2009.
Notes to Mineral Reserve & Resource Statements
1) Mineral reserves are contained within measured and indicated mineral resources. Measured and indicated mineral resources that are not mineral reserves do not have demonstrated economic viability.
Note: Proven and Probable reserves have NOT been reported separately since New Gold has elected to report Measured + Indicated inclusive of Proven + Probable. However, for the Mesquite mine, Proven + Probable are reported separately in this report.
The total gold ounce count in this report should be compared with the Measured + Indicated + Inferred counts on Reserves and Resources.
As a result of the Proven + Probable reporting practise, the PP% in this report under report New Gold's Proven + Probable reserves.GoldMinerPulse Coverage Status:
- GoldMinerPulse coverage of New Gold Inc. is complete pending a final internal review.
(NI) 43-101 Report:
Title: Readdressed Technical Report Amapari Mine Amapa, Brazil
Date: 2008-05-26 (186 pages)
Updates: New Gold Reserves and Resources Press Release, January 25, 2010.
Project Location: Amapa State, Brazil
Map View: View project on a Google Map.
(NI) 43-101 Report:
Title: 2007 Mineral Reserve Update Cerro San Pedro Project State of San Luis Potosi, Mexico
Date: 2007-03-31 (79 pages)
Updates: New Gold Reserves and Resources Press Release, January 25, 2010..
Project Location: State of San Luis Potosi, Mexico
Map View: View project on a Google Map.
Most Optimistic Resource Estimates (MORE):
•Measured + Indicated•Measured + Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $3.62 1.36 M oz 0.460 g/t 92.12 M t Silver $2.15 51.47 M oz 17.380 g/t 92.12 M t Estimate notes: Oxides, inclusive of Proven and Probable.
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $2.40 902.83 K oz 0.460 g/t 61.05 M t Silver $1.10 26.34 M oz 13.420 g/t 61.05 M t Lead $0.41 91.57 K t 1,500.000 g/t 61.05 M t Zinc $2.01 451.74 K t 7,400.000 g/t 61.05 M t Estimate notes: Sulphides also see Measured + Indicated above.
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.44 167.18 K oz 0.290 g/t 17.93 M t Silver $0.23 5.59 M oz 9.690 g/t 17.93 M t Estimate notes: Oxides, inside Mineral Resources Pit - also see Measured + Indicated above.
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.59 222.42 K oz 0.330 g/t 20.96 M t Silver $0.24 5.76 M oz 8.540 g/t 20.96 M t Lead $0.05 10.48 K t 500.000 g/t 20.96 M t Zinc $0.11 25.58 K t 1,220.000 g/t 20.96 M t Estimate notes: Sulphides, inside Mineral Resources Pit - also see Measured + Indicated above.
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $1.99 747.47 K oz 0.270 g/t 86.11 M t Silver $0.80 19.05 M oz 6.880 g/t 86.11 M t Estimate notes: Oxides, outside Mineral Resources Pit - also see Measured + Indicated above.
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $7.74 2.91 M oz 0.430 g/t 210.67 M t Silver $2.27 54.19 M oz 8.000 g/t 210.67 M t Lead $0.66 147.47 K t 700.000 g/t 210.67 M t Zinc $4.21 948.01 K t 4,500.000 g/t 210.67 M t Estimate notes: Sulphides, outside Mineral Resources Pit - also see Measured + Indicated above.
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.76 284.55 K oz 1.980 g/t 4.47 M t Silver $0.69 16.46 M oz 114.500 g/t 4.47 M t Lead $0.32 71.97 K t 16,100.000 g/t 4.47 M t Zinc $1.22 275.80 K t 61,700.000 g/t 4.47 M t Estimate notes: Manto Sulphides - also see Measured + Indicated above.
(NI) 43-101 Report:
Title: Feasibility NI 43-101 Technical Report for the El Morro Copper-Gold Project, Region III, Chile
Date: 2008-05-09 (136 pages)
Updates: New Gold Reserves and Resources Press Release, January 25, 2010.
Project Location: Region III, Chile
Map View: View project on a Google Map.
Most Optimistic Resource Estimates (MORE):
•Measured + Indicated•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $7.01 2.64 M oz 0.490 g/t 558.41 M t Copper $14.93 921.37 K t 5,500.000 g/t 558.41 M t Estimate notes: Measured + Indicated are inclusive of Proven + Probable. See New Gold Reserves and Resources Press Release, January 25, 2010.
Resource quantities adjusted for ownership percentage of 30.0%.
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.29 108.22 K oz 0.180 g/t 62.34 M t Copper $1.03 63.58 K t 3,400.000 g/t 62.34 M t Estimate notes: See Measured + Indicated above.
Resource quantities adjusted for ownership percentage of 30.0%.
(NI) 43-101 Report:
Title: TECHNICAL REPORT ON THE MESQUITE MINE EXPANSION FEASIBILITY STUDY, IMPERIAL COUNTY, CALIFORNIA.
Date: 2009-08-25 (99 pages)
Updates: New Gold Press Release January 25, 2010.
Project Location: California, USA
Map View: View the Mesquite gold open pit mine on a Google Map.
Most Optimistic Resource Estimates (MORE):
•Measured + Indicated•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $12.94 4.87 M oz 0.510 g/t 296.94 M t Estimate notes: New Gold Press Release January 25, 2010. Measured + Indicated are inclusive of Proven + Probable.
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.95 359.25 K oz 0.490 g/t 22.80 M t Estimate notes: See Measured + Indicated notes.
(NI) 43-101 Report:
Title: TECHNICAL REPORT ON THE NEW AFTON PROJECT, BRITISH COLUMBIA, CANADA
Date: 2009-12-31 (194 pages)
Updates: New Gold Reserves and Resources Press Release, January 25, 2010.
Project Location: British Columbia, Canada
Map View: View project on a Google Map.
Most Optimistic Resource Estimates (MORE):
•Measured + Indicated•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $4.44 1.67 M oz 0.800 g/t 65.00 M t Silver $0.22 5.27 M oz 2.520 g/t 65.00 M t Copper $11.27 695.50 K t 10,700.000 g/t 65.00 M t Estimate notes: Measured + Indicated contain some Probable. Probable are not reported exclusive of Measured + Indicated are therefore included in this count. See New Gold Reserves and Resources Press Release, January 25, 2010.
Mineral Reserve estimates for the New Afton Project were calculated using a gold price of $475 per ounce and a copper price of $1.45 per pound. Cut-off at $15 per tonne of ore.
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $1.16 437.51 K oz 0.540 g/t 25.20 M t Silver $0.06 1.38 M oz 1.700 g/t 25.20 M t Copper $2.70 166.32 K t 6,600.000 g/t 25.20 M t Estimate notes: See Measured + Indicated notes above.
(NI) 43-101 Report:
Title: Technical Report on Peak Gold Mines, New South Wales, Australia
Date: 2009-01-01 (342 pages)
Updates: New Gold Reserves and Resources Press Relase, January 25, 2010.
Project Location: New South Wales, Australia
Map View: View project on a Google Map.
Most Optimistic Resource Estimates (MORE):
•Measured + Indicated•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $2.26 850.46 K oz 4.360 g/t 6.07 M t Silver $0.06 1.37 M oz 7.000 g/t 6.07 M t Copper $0.93 57.64 K t 9,500.000 g/t 6.07 M t Estimate notes: Grade adjusted to align contained gold quantity with web page. Measured + Indicated contains Proven + Probable.
Tonnes and grade of Mineral Reserves are stated on the basis of delivery to plant.
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.80 302.07 K oz 4.700 g/t 2.00 M t Silver $0.01 321.35 K oz 5.000 g/t 2.00 M t Copper $0.24 14.99 K t 7,500.000 g/t 2.00 M t Estimate notes: See Measured + Indicated notes above.
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