New Gold wird zum Milliarden schweren Konzern
Mar 31, 2008 06:59 ET
Metallica Resources, New Gold and Peak Gold Announce Proposed US$1.6 Billion Business Combination to Create a New Intermediate Gold Company
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2008) - Metallica Resources Inc. ("Metallica Resources") (TSX:MR) (AMEX:MRB), New Gold Inc. ("New Gold") (TSX:NGD) (AMEX:NGD), and Peak Gold Ltd. ("Peak Gold") (TSX VENTURE IK) are pleased to announce they have signed a letter agreement to complete a business combination (the "Transaction"), creating a new globally diversified intermediate gold company with a market capitalization of approximately US$1.6 billion. The combined company, to be called New Gold Inc., will own three operating gold mines in Australia, Brazil and Mexico, and have a strong balance sheet to fund development stage projects in Canada and Chile, including the New Afton mine, which is scheduled to commence production in late 2009. All of the combined company's mines are located within attractive mining jurisdictions. All dollar figures are in Canadian dollars, unless otherwise stated.
Highlights of the Transaction
The Transaction creates a new intermediate gold company with operating cash flow and an impressive pipeline of development stage assets. Upon completion of the Transaction, the combined company will have:
- Proven and probable gold reserves of 3.2 million ounces, measured and indicated gold resources of 4.9 million ounces and inferred gold resources of 3.0 million ounces;
- Proven and probable silver reserves of 65.3 million ounces, measured and indicated silver resources of 15.8 million ounces and inferred silver resources of 2.6 million ounces;
- Proven and probable copper reserves of 986 million pounds, measured and indicated copper resources of 2.5 billion pounds and inferred copper resources of 918 million pounds;
- Estimated gold production of approximately 297,000 ounces in 2008 expected to increase to 335,000 ounces in 2009;
- Production growth through the development of New Afton, El Morro and the exploration of the combined company's extensive land positions;
- Estimated cash costs of approximately US$340 per ounce of gold, net of by-product credits, in 2008;
- Aggressive growth strategy funded by approximately $500 million in cash and short-term investments (including the potential cash proceeds from the exercise of in-the-money options and warrants), $120 million in investments, and significant operating cash flow;
- Proven board of directors with experience financing, developing and operating open pit and underground mines; and
- Significant leverage to the current gold price environment through unhedged production.
Upon completion of the Transaction, the combined company will have approximately 235 million common shares issued and outstanding plus in-the-money options and warrants, of which former Metallica Resources shareholders will own 45.7% and former Peak Gold shareholders will own 37.8% of the combined company.
Management and Directors
Upon completion of the Transaction, Robert Gallagher, currently Chief Executive Officer of Peak Gold, will assume that role for the combined company. The board of directors will be composed of Clifford Davis, Robert Gallagher, Pierre Lassonde, Craig Nelsen, Paul Sweeney and Ian Telfer.
Richard Hall, President and Chief Executive Officer of Metallica Resources, stated: "The diversified production profile of the combined company, the financial resources to fund the development of the El Morro project and the proven experience of the board of directors makes this a compelling opportunity. We are excited about the prospects for growth and the opportunities this transaction presents for all of Metallica Resources' stakeholders."
Clifford Davis, Chairman and Chief Executive Officer of New Gold, added: "This merger adds immediate gold production and positive cash flow to the company during the New Afton mine development period. It provides the financial resources to fund the capital requirements of the company and ensures that the New Afton mine will become a significant contributor to the long-term success of the new combined entity."
Robert Gallagher, President and Chief Executive Officer of Peak Gold, added: "This merger increases our exposure to the current commodity price cycle and adds significantly to Peak Gold's long-term production profile. The financial strength of the pooled balance sheets and the expertise of the management teams will allow the combined company to pursue global growth opportunities and fill the void in the intermediate gold producer segment of the market. This merger will increase overall shareholder value and provide greater sustainability and growth for the future. We are excited about the opportunities this transaction presents to our collective shareholders and see it as a step towards building a superior intermediate gold mining company."
Compelling Combination
The combination will bring significant benefits to each of the companies and their shareholders. The boards of directors of Metallica Resources, New Gold and Peak Gold have each unanimously supported the proposed combination.
For Metallica Resources, the Transaction:
- Diversifies gold production with multiple producing mines;
- Enhances production growth profile in the medium term;
- Provides shareholders with a significant stake in the combined company; and
- Ensures availability of the necessary funding for the development of El Morro.
For New Gold, the Transaction:
- Adds quality assets to New Gold's long-term growth plan;
- Delivers immediate cash flows from producing gold mines;
- Increases New Gold's leverage to the current price environment; and
- Provides sufficient funding to bring the New Afton project into production.
For Peak Gold, the Transaction:
- Improves production profile through diversification of producing assets;
- Significantly increases reserves and resources;
- Increases exposure to the strong commodity cycle;
- Broadens value growth spectrum with development and exploration stage assets; and
- Provides shareholders with a significant stake in the combined company.
Management and the board of directors of all three companies believe the Transaction will provide the shareholders of each company the opportunity to participate in the future growth of a larger and more established company with a broader range of prospects, a more diversified asset base and a management team with the ability to execute.
Transaction Details
The Transaction is subject to the completion of confirmatory due diligence, definitive documentation, regulatory approvals and obtaining a minimum two-thirds shareholder approval at special meetings of the shareholders of each of Metallica Resources and Peak Gold and majority approval at a special meeting of the shareholders of New Gold. The obligations of Metallica Resources and Peak Gold are also conditional upon New Gold obtaining waivers or amendments to certain terms and conditions of its $237 million unsecured series D notes.
Under the terms of the Transaction, shareholders of Metallica Resources will receive 0.9 common share of New Gold for each common share of Metallica Resources held (the "Metallica Resources Exchange Ratio"). Each outstanding Metallica Resources convertible security will entitle the holder thereof to receive a convertible security of New Gold which will, upon conversion, be converted into that number of common shares of New Gold based on the Metallica Resources Exchange Ratio. Based on the closing price of New Gold shares as at March 28, 2008, the trading day prior to the announcement of the Transaction, the offer values Metallica Resources at $751 million on a fully diluted in-the-money basis. This represents a premium of:
- 12.7% to Metallica Resources' closing price on March 28, 2008, the trading day prior to the announcement
- 25.5% to the 20-day volume weighted average price of Metallica Resources and New Gold shares prior to the announcement
Shareholders of Peak Gold will receive 0.1 common share of New Gold for each common share of Peak Gold held (the "Peak Gold Exchange Ratio"). Each outstanding Peak Gold convertible security will entitle the holder thereof to receive a convertible security of New Gold which will, upon conversion, be converted into that number of common shares of New Gold based on the Peak Gold Exchange Ratio. Based on the closing price of New Gold shares as at March 28, 2008, the trading day prior to the announcement of the Transaction, the offer values Peak Gold at $622 million on a fully diluted in-the-money basis. This represents a premium of:
- 14.9% to Peak Gold's closing price on March 28, 2008, the trading day prior to the announcement
- 13.9% to the 20-day volume weighted average price of Peak Gold and New Gold shares prior to the announcement
Board of Directors' Recommendations
The board of directors of each company have received a fairness opinion with respect to the Transaction consideration (subject to the completion of definitive documentation) and are recommending approval of the Transaction by their respective shareholders. The respective boards of directors have unanimously approved the Transaction. All of the directors and senior officers of each of Metallica Resources, New Gold and Peak Gold have indicated that they intend to vote their respective shares of Metallica Resources, New Gold and Peak Gold in favour of the Transaction.
The letter agreement includes a commitment by each of Metallica Resources, New Gold and Peak Gold not to solicit alternative transactions to the proposed Transaction. In the event that a party enters into an agreement to effect an acquisition proposal that is different from the Transaction, then such party is obligated to pay to the other parties an aggregate amount equal to $22 million in the event Metallica Resources is the terminating party, $8 million in the event New Gold is the terminating party, and $18 million in the event Peak Gold is the terminating party as a termination payment. Each party has also been provided with certain other rights customary for a transaction of this nature, and New Gold has the right to match competing offers made to Metallica Resources or Peak Gold.
Transaction Structure
The Transaction is expected to be structured as a plan of arrangement under the Canada Business Corporations Act between Metallica Resources and a newly formed, wholly-owned subsidiary of New Gold and as a plan of arrangement under the Business Corporations Act (British Columbia) between Peak Gold and a newly formed, wholly-owned subsidiary of New Gold.
Advisors and Counsel
Metallica Resources' financial advisor is Canaccord Capital Corporation and its counsel is Stikeman Elliott LLP. New Gold's financial advisors are GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. and its counsel is Fraser Milner Casgrain LLP. Peak Gold's financial advisor is Paradigm Capital Inc. and its counsel is Cassels Brock & Blackwell LLP.
Conditions
The Transaction is subject to the entering into of definitive agreements among the parties on or before May 9, 2008, the preparation and mailing of a joint information circular, and the holding of special meetings of each company's shareholders. The parties expect to complete and mail the joint information circular in early June 2008 and plan to hold the special meetings in late June 2008. The Transaction is expected to close in early July 2008.
Conference Call
A conference call will be held on Monday, March 31, 2008 at 10:00 a.m. (EDT) to discuss this Transaction. An investor presentation outlining the Transaction will be available on each company's website prior to the conference call. You may join the call by dialing toll free +1 (866) 696-5910 or +1 (416) 641-2144 for calls from outside Canada and the U.S., passcode: 3252883#. You can listen to a recorded playback of the call after the event until April 28, 2008 by dialing +1 (800) 408-3053 or +1 (416) 695-5800 for calls outside Canada and the U.S., passcode: 3257388#.
FORWARD-LOOKING STATEMENTS: This news release and information contained in the attachments hereto contain certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities laws concerning the proposed transaction and the business, operations and financial performance and condition of the combined company and each of New Gold, Metallica Resources and Peak Gold and estimated production and mine life of the various mineral projects of New Gold, Metallica Resources and Peak Gold. Except for statements of historical fact relating to the companies, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Assumptions upon which such forward-looking statements are based include that New Gold, Peak Gold and Metallica Resources will be able to negotiate definitive transaction documentation, that New Gold will be able to obtain the required waiver from the Holders of its 10% Notes, that the due diligence investigations of each Party will not identify any materially adverse facts or circumstances, that the required approvals will be obtained from the Shareholders of each of New Gold, Metallica Resources and Peak Gold, that all required third party regulatory and governmental approvals to the transactions will be obtained and all other conditions to completion of the transactions will be satisfied or waived. Many of these assumptions are based on factors and events that are not within the control of New Gold, Metallica Resources and Peak Gold and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed or referred to in the annual Management's Discussion and Analysis and Annual Information Form for each of New Gold, Metallica Resources and Peak Gold filed with the securities regulatory authorities in all provinces of Canada and available at www.sedar.com. Although New Gold, Metallica Resources and Peak Gold have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. New Gold, Metallica Resources and Peak Gold undertake no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered if the property is developed.
Metallica Resources Mineral Resource and Reserve Estimate
The following table sets forth the estimated Mineral Resources for the Cerro San Pedro Mine as of March 31, 2007 and for the El Morro Project as of December 31, 2006
Cerro San Pedro Mineral Reserve and Mineral Resource Estimate(1)(2)(3)
Grade Contained Metal
Deposit Category Tonnes Gold Silver Gold Silver
------- -------- ------ ---- ------ ---- ------
(000s) (grams (grams (000s (000s
per per ounces) ounces)
tonne) tonne)
Cerro San Pedro(4) Measured 106,289 0.55 20.3 1,880 69,371
Indicated 9,929 0.48 19.7 153 6,289
Measured +
Indicated 116,218 0.54 20.3 2,033 75,660
Inferred 3,176 0.44 21.7 45 2,215
Cerro San Pedro(5) Proven 82,278 0.55 22.3 1,450 59,000
Probable 3,535 0.57 25.1 60 3,000
Proven +
Probable 85,813 0.55 22.5 1,510 62,000
(1) Mineral reserves and resources have been estimated in accordance with
definitions adopted by CIM on August 20, 2000. Mineral reserve and
resource estimates were prepared by William L. Rose, WLR Consulting,
Inc., Qualified Person, as that term is defined in National Instrument
43-101.
(2) Mineral resources have been estimated at a cut-off grade of 0.20 g/t
gold. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
(3) Silver-to-gold ratio is estimated at 60:1.
(4) Mineral reserves are contained within mineral resources.
(5) Mineral reserves calculated using a $475 per ounce gold price and $8.00
per ounce silver price.
El Morro Measured, Indicated and Inferred Mineral Resource Estimate(1)(2)
Grade
-------------------------
Deposit Category Tonnes Gold Silver Copper
------- -------- ------ ---- ------ ------
(000s) (grams (grams (%)
per per
tonne) tonne)
El Morro(3)(4) Measured 188,800 0.58 - 0.69
0.3% copper cut-off Indicated 299,800 0.49 - 0.53
grade Measured +
Indicated 488,600 0.52 - 0.59
Inferred 226,700 0.41 - 0.48
El Morro(4)(5) Measured 192,000 0.57 - 0.68
0.4% copper equivalent Indicated 314,500 0.49 - 0.52
cut-off grade Measured +
Indicated 506,500 0.52 - 0.58
Inferred 230,600 0.42 - 0.48
Contained Metal
-------------------------
Deposit Category Tonnes Gold Silver Copper
------- -------- ------ ---- ------ ------
(000s) (000s (000s (000s
ounces) ounces) pounds)
El Morro(3)(4) Measured 188,800 3,515 - 2,872,000
0.3% copper cut-off Indicated 299,800 4,704 - 3,504,000
grade Measured +
Indicated 488,600 8,219 - 6,376,000
Inferred 226,700 3,001 - 2,392,000
El Morro(4)(5) Measured 192,000 3,550 - 2,871,000
0.4% copper equivalent Indicated 314,500 4,930 - 3,586,000
cut-off grade Measured +
Indicated 506,500 8,480 - 6,457,000
Inferred 230,600 3,120 - 2,421,000
(1) Reported at 100%
(2) Mineral resources do not have demonstrated economic viability.
(3) The mineral resource estimate, calculated on a copper cut-off basis, is
classified as a measured, indicated and inferred mineral resource
estimate in accordance with CIM definitions of mineral resources and
mineral reserves. The Qualified Person, as defined by National
Instrument 43-101, responsible for the design and completion of the
updated mineral resource estimate based on a copper cut-off basis was
Ricardo Raul Roco, Member - Australasian Institute of Mining and
Metallurgy, and Manager of Mines Geology for Xstrata Copper.
(4) Inferred mineral resources are defined on the basis of drill sample
density and include inferred mineral resources occurring within and
outside a simulated pit shell based on $1.20 per pound copper and $400
per ounce gold.
(5) The mineral resource estimate, calculated on a copper equivalent cut-off
basis, is classified as a measured, indicated and inferred mineral
resource estimate in accordance with CIM definitions of mineral
resources and mineral reserves. The Qualified Persons, as defined by
National Instrument 43-101, responsible for the restated mineral
resource estimate on a copper equivalent cut-off basis were Dr. Bruce M.
Davis, Fellow - Australasian Institute of Mining and Metallurgy, and
Mark A. Petersen, Certified Professional Geologist and Vice President of
Exploration for Metallica Resources Inc.
New Gold Mineral Resource and Reserve Estimate
All Reserves and resources have been estimated using the definitions in the
CIM Standards on Mineral resources and reserves, Definitions and Guidelines.
Measured and Indicated Mineral Resource - Main Zone and Hanging Wall
Lenses(1)(2)(3)
(exclusive of Mineral Reserves)
Grade Contained Metal
-------------------- ---------------
Deposit Category Tonnes Gold Silver Copper Gold Copper
------- -------- ------ ---- ------ ------ ---- ------
(000s) (grams (grams (%) (000s (millions)
per per ounces) pounds)
tonne) tonne)
New Afton
Mine Measured 43,250 0.83 2.68 1.12 1,154 1,065
Indicated 22,410 0.66 2.42 0.84 476 415
Measured +
Indicated 65,660 0.77 2.59 1.02 1,630 1,480
(1) Based on the following metal price assumptions: copper - US$1.20 per
pound; gold - US$450 per ounce; silver - US$5.25 per ounce.
(2) Cut-off at $10 per tonne of ore.
(3) All mineral resources were estimated by Qualified Person David Rennie of
Scott Wilson RPA.
Inferred Mineral Resource - C Zone(1)(2)(3)
Grade Contained Metal
------------------- ---------------
Deposit Category Tonnes Gold Silver Copper Gold Copper
------- -------- ------ ---- ------ ------ ---- ------
(000s) (grams (grams (%) (000s (millions
per per ounces) pounds)
tonne) tonne)
New Afton Mine Inferred 7,940 0.88 1.55 0.96 225 168
(1) Based on the following metal price assumptions: copper - US$1.20 per
pound; gold - US$450 per ounce; silver - US$5.25 per ounce.
(2) Cut-off at $10 per tonne of ore.
(3) All mineral resources were estimated by Qualified Person David Rennie of
Scott Wilson RPA.
New Afton Probable Mineral Reserve Estimate(1)(2)(3)
Grade Contained Metal
------------------- ----------------------
Deposit Category Tonnes Gold Silver Copper Gold Silver Copper
------- -------- ------ ---- ------ ------ ---- ------ ------
(millions) (grams (grams (%) (000s (000s (millions
per per ounces) ounces) pounds)
tonne) tonne)
New
Afton
Mine Probable 44.4 0.72 2.27 0.98 1,030 3,240 960
(1) Based on the following metal price assumptions: copper - US$1.45 per
pound; gold - US$475 per ounce.
(2) Cut-off at $15 per tonne of ore.
(3) Mineral reserves were estimated by Qualified Person Mike Thomas, MAusIMM
(CP) of AMC Consultants (Pty.) Ltd.
Peak Gold Mineral Resource and Reserve Estimates
The following table sets forth the estimated Mineral Resources for the
Amapari Mine as of September 30, 2007 and for the Peak Mines as of December
31, 2006.
Measured, Indicated and Inferred Mineral Resource Estimate(1)(4)(5)
(exclusive of Mineral Reserves)
Grade Contained Metal
------------ -------------
Deposit Category Tonnes Gold Copper Gold Copper
------- -------- ------ ---- ------ ---- ------
(000s) (grams (%) (000s (000s
per ounces) pounds)
tonne)
Amapari Mine(2) Measured 2,763 1.41 - 125 -
Indicated 7,668 2.51 - 620 -
Measured +
Indicated 10,432 2.22 - 745 -
Inferred 13,039 3.22 - 1,351 -
Peak Mines(3) Measured 1,241 3.86 0.99 154 27,020
Indicated 2,276 4.16 1.19 304 59,616
Measured +
Indicated 3,517 4.05 1.12 458 86,636
Inferred 1,991 6.50 0.53 416 23,375
Total Measured 279 27,020
Indicated 924 59,616
Measured +
Indicated 1,203 86,636
Inferred 1,767 23,375
(1) All Mineral Resources have been calculated in accordance with the JORC
Code. The JORC Code has been accepted for current disclosure rules in
Canada under NI 43-101.
(2) The Mineral Resources for the Amapari Mine set out in the table above
have been estimated by Emmanuel Henry, Member of the AusIMM (CP) from
AMEC International (Chile) S.A. ("AMEC"), who is a qualified person
under NI 43-101 and a competent person under the JORC Code. The Mineral
Resources are classified as measured, indicated and inferred, and are
based on the JORC Code.
(3) The Mineral Resources for the Peak Mines set out in the table above have
been estimated by PGM staff and audited by Geoffrey N. Challiner,
B.Sc.(Eng.), C.Eng., Independent Mining Engineer for Mine and Quarry
Engineering Services, Inc., who is a qualified person under NI 43-101
and a competent person under the JORC Code. The Mineral Resources are
classified as measured, indicated and inferred, and are based on the
JORC Code.
(4) Mineral Resources are not known with the same degree of certainty as
Mineral Reserves and do not have demonstrated economic viability.
(5) Numbers may not add up due to rounding.
The following table sets forth the estimated Mineral Reserves for the
Amapari Mine as of September 30, 2007 and for the Peak Mines as of December
31, 2006.
Proven and Probable Mineral Reserve Estimate(1)(4)
Grade Contained Metal
------------ -------------
Deposit Category Tonnes Gold Copper Gold Copper
------- -------- ------ ---- ------ ---- ------
(000s) (grams (%) (000s (000s
per ounces) pounds)
tonne)
Amapari Mine(2) Proven 811 2.52 - 66 -
Probable 2,994 2.46 - 237 -
Proven +
Probable 3,806 2.47 - 302 -
Peak Mines(3) Proven 948 6.70 0.85 204 17,720
Probable(4) 727 6.82 0.62 164 9,956
Proven +
Probable 1,675 6.75 0.74 368 27,241
Total Proven 270 17,720
Probable 401 9,956
Proven +
Probable 670 27,241
(1) All Mineral Reserves have been calculated in accordance with the JORC
Code and reconciled to the CIM Standards.
(2) The Mineral Reserves for the Amapari Mine set out in the table above
have been estimated by Carlos Guzman, Ing. Civil de Minas, AusIMM from
NCL Brasil Ltda ("NCL"), who is a qualified person under NI 43-101 and a
competent person under the JORC Code. The Mineral Reserves are
classified as Proven and Probable, and are based on the JORC Code.
(3) The Mineral Reserves for the Peak Mines set out in the table above have
been estimated by PGM staff and audited by Neil Inwood, MAusIMM, Senior
Consultant, Resources with RSG Global Consulting Pty Ltd, who is a
qualified person under NI 43-101 and a competent person under the JORC
Code. The Mineral Reserves are classified as Proven and Probable, and
are based on the JORC Code.
(4) Numbers may not add up due to rounding.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources
This section uses the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
http://www.metal-res.com/common/pdfs/Investor%20Presentation.pdf
In der Fussballersprache würde mal es übersetzt sagen das sich drei potente Rgionalligamannschaften zusammenschließen und in die erste Bundesliga wollen und bereits den Aufstieg in die 2. Bundesliga geschafft haben und oben mitspielen wollen wie z.b. SAP Hoffenheim.
Fazit. Aktie ist unterbewertet und hat auf auf jeden Fall 30% Kurschancen auf Grund seines Buchwerten und wenn man den neuen Konzern mit anderen Goldproduzenten im Price/Net Asset Value vergleich dann sind auch 100% in 12 Monaten drin trotz sehr schlechten Marktumfeld.
Das der Merger über die Bühne geht daran habe ich keinerlei Zweifel!
Gesendet: Dienstag, 1. April 2008 13:01:01
Betreff: Goldsektor mit 3er Fusion!--- Märkte: Alles nach Plan!
Sehr geehrte Leserinnen und Leser!
Unter den kleineren Goldproduzenten derzweiten Reihe wurde heute eine „Dreier-Fusion“ bekannt.
Metallica Resources (Kanada-Kürzel: MR),New Gold (NGD) und Peak Gold (PIK) wollen fusionieren und kämen mit IhremZusammenschluss auf eine Börsenbewertung von 1,6 Mrd. CAD.
Die neue Gesellschaft soll unter dem Namen NEW GOLD firmieren und wird drei produzierende Goldminen in Australien, Brasilien und Mexiko unterhalten, sowie in der Minenentwicklung befindliche Explorationsprojekte in Kanada und Chile. Robert Gallagher, bisher CEO von Peak Gold, soll neuer CEO der fusionierten Gesellschaft werden.
Der Zusammenschluss ist an einige Bedingungen geknüpft und Bedarf der Zustimmung von 2/3 der Aktionäre der Gesellschaften von Peak Gold und Metallica, sowie der einfachen Mehrheit bei New Gold auf der jeweils außerordentlichen Hauptversammlungen.
Aktionäre von Metallica Ressources sollen für jede Aktie je 0,9 New Gold-Aktien erhalten. Dies bewertet Metallica mit 751 Mio. CAD und entspricht einem Aufschlag von 12,7 % zum Schlusskurs vom
28. März und 25,5% des gewichteten 20-Tages-Durchschnittskurs.
- Aktionäre von Peak Gold erhalten 0,1 Aktien von NewGold
für jede gehaltene Peak Gold-Aktie. Dies bewertet Peak Gold mit
622 Mio.CAD und entspricht einem Aufschlag von 14,9 % zum
Schlusskurs vom 28. März und 13,9 % des gewichteten 20-Tages-
Durchschnittskurs.
Diese Fusion dürfte der Beginn einer Reihe von ähnlichen Zusammenschlüssen aus der zweiten und dritten Reihe sein. Wenn sich Managementteams und Großaktionäre einig sind, machen solche Fusionen enormen Sinn! Kostenersparnisse, stärkere Kapitalbasis und vor allem eine höhere Börsenbewertung und Wahrnehmung bei institutionellen Investoren ist die Folge.
(All figures are in US dollars unless otherwise stated)
VANCOUVER, July 24 /CNW/ - New Gold Inc. ("New Gold") (TSX and AMEX - NGD) is pleased to announce the second quarter production and cash cost, an update on the New Afton project, and a revised forecast for 2008. The production and cash cost information provided below are approximate figures and might differ slightly from the second quarter earnings and includes
results for the period prior to the close of the business combination between New Gold, Peak Gold Ltd. and Metallica Resources Inc. on June 30, 2008. It should be noted that because the business combination closed on June 30, the consolidated interim statements of New Gold for the period ended June 30, 2008
that will be released on August 14, 2008 will not include the results presented below for the Cerro San Pedro mine and the New Afton project.
Second Quarter Highlights
Second quarter highlights reflect the operating results for the three months ended June 30th, 2008 for Cerro San Pedro, Amapari and Peak Mines.
- Gold production was 62,705 ounces
- Gold sales were 62,730 ounces
- Total cash cost was $612 (net of by-product sales)
- Copper production was 1.237 million pounds
- Silver production was 284 thousand ounces
First Half 2008 Highlights
For the six month period ending June 30, 2008, the operational results for Cerro San Pedro, Amapari and Peak Mines are as follows:
- Gold production was 124,295 ounces
- Gold sales were 130,351 ounces
- Total cash cost was $532 per ounce (net of by-product sales)
- Copper production was 3.4 million pounds
- Silver production was 512 thousand ounces
The Cerro San Pedro mine in Mexico achieved excellent results in the second quarter with gold sales increasing 39% at 22,190 ounces compared to 15,922 ounces in the first quarter of 2008. Silver sales increased 47% at 300,728 ounces in comparison to 203,973 ounces in the first quarter of 2008.
Gold and silver production for the second quarter was 20,653 ounces and 283,749 ounces respectively and for the six month period ending June 30, 2008, gold and silver production was 38,943 ounces and 512,372 ounces respectively.
Total cash cost net of by product sales for the second quarter was $375 per ounce and for the six month period ending June 30, 2008, was $426 per ounce.
Cash cost showed a 24% improvement in the second quarter in comparison to the first quarter reflecting the production ramp up from the heaps.
Operations at the Amapari mine in Brazil continued to be challenged by low equipment availabilities and extreme rain falls. Second quarter gold production was 20,938 ounces and for the six month period ending June 30, 2008, the gold production was 39,139 ounces. Total cash costs for the quarter were $968 per ounce bringing the figure for the six month period ending June 30, 2008 to $829 per ounce. During the quarter, access to higher grade
materials was restricted due to unfavourable weather conditions, while mobile and plant equipment availabilities adversely impacted the amount of ore processed. Unit costs were also impacted by $165 per ounce due to reconciliation of leach pad inventory. A comprehensive review of operations at Amapari is underway and is expected to return the project to normal operating levels by year end.
Second quarter results at Peak Mines in Australia included production of 21,114 ounces of gold and 1.2 million pounds of copper and for the six month period ending June 30, 2008, gold production was 46,213 ounces and copper production was 3.4 million pounds. Total cash cost net of by product sales for the second quarter was $472 per ounce and for the six month period ending
June 30, 2008, was $360 per ounce. Production was adversely affected by delayed development of two high grade stopes due to difficult ground conditions deferring production to later in the year. While expenditures in Australian dollar terms were at expected levels, lower production and exchange rate movement impacted the cash costs.
Commenting on operating results, Robert Gallagher, President and Chief Executive Officer said, "The results at Cerro San Pedro are excellent and in-line with expectations. Great work has also been done at the community level in the environs of the mine. Operations at the Amapari mine continued to face challenges during the quarter and we have recently embarked on an in depth program to get to the heart of the issues. A team of experts has been
assembled and have begun their analysis. They will work with site staff to implement and maintain the systems required to turn the operation around.
Engineering continues on processing plant modifications while, with a view to the longer term at Amapari, New Gold is conducting a study of alternatives to optimize production from the existing oxide and sulphide resources. Resource conversion drilling continues with a total of five rigs. The Peak Mines were
adversely impacted by lower than expected gold and copper grades due to unfavourable but temporary ground conditions and overestimation of grade in two stopes. Grades will return to planned levels from the third quarter onwards" concluded Mr. Gallagher.
New Afton Project
The New Afton project in Kamloops, Canada, gained momentum in the second quarter. Underground development continued to ramp-up with three Cementation development crews producing 1,267 metres of finished drift in the conveyor, access decline and associated ventilation access drifts and crosscuts.
Excavation of the first 3.5m diameter ventilation borehole was completed providing ventilation connections from the surface down to the exhaust ventilation drift 307 metres below surface. Dewatering of the Afton pit commenced and is ahead of schedule. The mining contractor has now expanded to working four development faces and there are presently three mining crews working seven days a week, 20 hours a day.
Construction of the process plant commenced early in 2008 with the goal of completing the earthworks and associated foundation and mill building work by the end of 2008. The first concrete was poured for the New Afton processing facilities in June 2008, three weeks ahead of schedule. The concentrator and
related facilities will be completed during the first three quarters of 2009.
The first ore is scheduled to be trucked to surface and along with stockpiled development ore will enable commencement of milling operations during the fourth quarter of 2009. Ramp up to four million tonnes per year capacity will continue throughout 2010 and into early 2011.
"The New Afton project is proceeding as scheduled and offers significant internal growth opportunities for New Gold in the near future. At today's gold and copper prices, the New Afton mine will be an enormous cash generator for the Company," said Robert Gallagher
2008 Forecast Update
Metal production for 2008 is now forecast to be approximately 250,000 ounces of gold, 1.1 million ounces of silver and 9.4 million pounds of copper.
Total cash cost, net of by product credits is forecast to be between $500 and $520 per ounce.
New Gold will hold a conference call on Thursday, August 14, 2008 at 10:00 a.m. Pacific time to discuss these results. You may join the call by dialing toll free 1-888-789-9572 or 1-416-695-7806 to access the call from outside Canada or the U.S. You can listen to a recorded playback of the call after the event until September 11, 2008 by dialing 1-800-408-3053 or 1-416-695-5800 for calls outside Canada and the U.S. Passcode: 3266725 followed by the number sign.
New Gold also wishes to announce that Jim Simpson who was previously the Executive Vice President and Chief Operating Officer for Peak Gold Ltd. will be leaving New Gold at the end of August 2008. "On behalf of the Board and Management, I would like to thank Jim for his prior contribution and wish him all the success in the future," said Robert Gallagher, President and Chief
Executive Officer.
New Gold is a new intermediate gold mining company with three operating assets in Mexico, Brazil and Australia and two development projects in each of Canada and Chile. For further information on New Gold, please visit our website at www.newgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in the press release, including any information as to New Gold's future financial or operating performance, may be deemed "forward looking". All statements in this press release, other than statements of historical fact, that address events or developments that New Gold expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but
not always, identified by the words "express", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" "budget" and similar expressions, or that events or conditions "will", "would", "may",
"could", or "should" occur. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause New Gold's
actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: anticipated synergies from the business combination may not be realized, there may be difficulties in integrating the operations and personnel of New Gold, Peak Gold and Metallica, New Gold is subject to significant capital requirements associated
with its expanded operations and portfolio of development projects since completion of the business combination, fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States of America, Australia, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and
estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in Canada, the United States, Mexico, Chile and Australia or any other country in which New Gold currently or may in the future carry on business taxation, controls, regulations and political or
economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or
reclamation activities; changes in project parameters as plans continue to be refined accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold
bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks). Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this press release are qualified by
these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
CASH COST
"Total cash cost" figures for gold production are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is the accepted standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled
measures of other companies. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs are then divided by ounces produced to arrive at the total cash costs of production. The measure, along with production, is considered to be a key indicator of a company's ability to generate operating
earnings and cash flow from its mining operations. This data is furnished to provide additional information and is a non-GAAP measure. It should not be considered in isolation as a substitute for measures of performance prepared in accordance with GAAP and is not necessarily indicative of operating costs presented under GAAP.
For further information: Mélanie Hennessey, Vice President, Investor Relations, New Gold Inc., Direct: (604) 639-0022, Toll-free: 1-888-315-9715, Email: info@newgold.com, Website: www.newgold.com
Aktuell notiert sie bei 3,25 Euro - am 22,05.2008 hat sie bei 6,22 Euro notiert sie hat also in dieser kurzen Zeit um ca. 48% korrigiert
Stopp bei 3,15 Euro
Also ich hab noch Aktien von diesem Unternehmen und kann mir derzeit nicht erklären warum es so in den Keller geht. Wie sieht es bei euch aus?Ueberhaupt noch jemand da?
2009-01-22 08:15 ET - News Release
Ms. Melanie Hennessey reports
NEW GOLD EXCEEDS 2008 PRODUCTION GUIDANCE AND PROVIDES 2009 FORECAST
New Gold Inc.'s fourth quarter gold production was 78,950 ounces and 2008 cumulative annual gold production was 272,046 ounces, exceeding previously released guidance by 22,046 ounces. New Gold also provides its 2009 operational forecast. All figures are in U.S. dollars unless otherwise stated.
The 2008 production and cash cost information below includes results for the period prior to the close of the business combination between New Gold, Peak Gold Ltd. and Metallica Resources Inc. on June 30, 2008, and is based on unaudited figures.
Highlights:
* Gold production of 272,046 ounces in 2008 compared with 239,687 ounces in 2007;
* Total cash cost of $576 per ounce for the fourth quarter for a total of $549 per ounce (net of byproduct sales) for the full year 2008;
* Cerro San Pedro mine in Mexico received the highest safety award granted from the Mexican Chamber of Mines (Camimex) for open pit operations with fewer than 500 employees, and achieved ISO 14001 certification of its environmental management system;
* El Morro, the development project in Chile, entered the permitting stage;
* Full year gold production for 2009 is expected to be between 190,000 and 210,000 ounces;
* Total cash cost for 2009 is expected to be between $465 and $485 per ounce (net of byproduct sales);
* Capital expenditures for 2009 are expected to be $107-million.
"New Gold exceeded production guidance for 2008 with excellent operational performance at Peak Mines and Cerro San Pedro, despite challenging markets and cost pressures. The company made some difficult decisions in 2008 in response to the uncertain market conditions and took the necessary steps to strengthen our financial position and ensure that we are well positioned to deliver on our growth strategy and guidance for 2009," said Robert Gallagher, president and chief executive officer.
Operations overview
Cerro San Pedro
Cerro San Pedro production for the fourth quarter was 21,231 gold ounces and 290,520 silver ounces for a total of 84,561 gold ounces and 1.1 million silver ounces in 2008. Comparative figures for full year 2007 are 26,799 gold ounces and 406,592 silver ounces. Gold sales for the fourth quarter were 21,180 ounces for a total of 85,362 in 2008. Total cash cost for the fourth quarter was $522 per ounce net of byproduct sales and for the full year was $438 per ounce net of byproduct sales. Consistent with the mine plan and previous guidance, cash cost was higher for the fourth quarter due to lower gold and silver production and also as a result of increasing consumable costs.
In recognition of the operation's exemplary safety record in 2008, Cerro San Pedro was awarded the prestigious Casco de Plata (the Silver Hardhat) from Camimex. The award is granted to the safest mining operation in Mexico in the category of open pit operations with fewer than 500 employees. Also, during the fourth quarter, Cerro San Pedro's environmental management system received recognition from the International Organization of Certification achieving ISO 14001 status.
In 2009, Cerro San Pedro is forecasting production of between 90,000 and 100,000 ounces of gold and between 1.1 million and 1.3 million ounces of silver at an estimated cash cost of between $550 and $570 per ounce on a byproduct basis. Cash cost will be higher in 2009 primarily due to a higher strip ratio and anticipated higher consumable costs. Capital expenditures in 2009 are expected to be approximately $2.8-million.
Peak Mines
Peak Mines production for the fourth quarter was 27,618 gold ounces and 2.47 million pounds of copper in the fourth quarter for a total of 100,493 gold ounces and 8.25 million pounds of copper for the year. Comparative figures for 2007 are 116,488 gold ounces and 7.5 million pounds of copper. Gold sales in the fourth quarter were 28,815 ounces for a total of 102,928 ounces in 2008. Peak Mines achieved record mill throughput in 2008 of 768,727 tonnes compared with 709,230 tonnes in 2007 reflecting improved efficiencies in both mine and process operating practices. Peak Mines achieved a milestone in 2008 producing its two millionth ounce of gold since the commissioning of the mine. Total cash cost for the fourth quarter was $624 per ounce net of byproduct sales and for the full year was $477 per ounce net of byproduct sales. Total cash cost was higher net of byproduct sales due to lower than anticipated copper revenues and the impact of the significant decrease in copper price through the quarter. In Australian dollar terms, unit operating costs per tonne for 2008 were only 8 per cent higher than for 2007, despite significantly unfavourable currency movement.
In 2009, Peak Mines is forecasting production of between 90,000 and 100,000 ounces of gold and between 13 million and 15 million pounds of copper. Cash cost is expected to decrease to the range of $370 to $390 per ounce net of byproduct sales due to the significantly higher copper production associated with the transition to the Chesney and Perseverance orebodies. Capital expenditures in 2009 are expected to be approximately $24.5-million, which includes $1.1-million in capitalized exploration.
Amapari
Amapari gold production for the fourth quarter was 30,101 ounces for a total of 86,992 ounces in 2008 compared with 96,400 ounces in 2007. Gold sales for the fourth quarter were 28,199 ounces for a total of 87,411 ounces in 2008. Gold sales decreased year over year due to lower grades, fewer tonnes placed on the leach pads and increased amounts of hard transition ore. Total cash cost for the fourth quarter was $568 per ounce for a total of $748 per ounce in 2008. Total cash cost decreased significantly in the fourth quarter due to higher metal production resulting from improved equipment maintenance and fleet availability.
With the deepening of the pits and associated increase in amount of transitional ore, recent operating improvements would not have been sustainable. As a result, New Gold made the decision to place the mine on care and maintenance. New Gold is undertaking a preliminary economic assessment to evaluate the economics of developing the existing oxide and underlying sulphide resources with a conventional crush/grind/CIL mill. It is expected that this study will be completed in the first quarter of 2009. New Gold will also investigate other strategic alternatives for the Amapari operation.
Production in 2009 will be limited to the leaching of gold from the previously stacked ore, which is expected to yield between 10,000 and 12,000 ounces. All environmental monitoring and continuing remediation programs will continue during this period and beyond, as will continuing exploration programs on New Gold's concessions at Amapari.
New Afton and El Morro development projects
On Nov. 12, 2008, New Gold extended the development timeline at its New Afton project to preserve cash until the required financing to complete the project is secured. New Gold is continuing with underground development to the base of the orebody, including conversion to owner-operator mining crews. New Afton is completing the erection of the mill building and taking delivery of the long lead equipment previously ordered. The current development schedule has full production commencing in the second half of 2012, a 16-month delay from the original, fast-track schedule. In 2009, expenditures at New Afton are expected to be approximately $78.5-million, which includes $19.3-million in interest payments.
The El Morro project entered the permitting stage with the submission of the environmental impact study in the fourth quarter of 2008. It is anticipated that the permit will be obtained within 12 to 18 months.
In summary, the fourth quarter operating performance for both Peak Mines and Amapari was excellent with record mill throughput at Peak Mines and significant cash cost reductions at Amapari. Overall operating performance in 2008 at Cerro San Pedro was notable in its first full year of operation; gold production was lower in the fourth quarter due to planned mining of lower grade ore. Consolidated total cash cost, net of byproduct sales, was adversely impacted in the fourth quarter and for the year due to lower production and prices of byproduct copper and silver.
2009 guidance
New Gold is forecasting 2009 gold production of between 190,000 and 210,000 ounces at a cash cost between $465 and $485 per ounce net of byproduct sales.
Assumptions used in the 2009 forecast include gold, copper and silver prices of $750 per ounce, $2.00 per pound and $10.00 per ounce, respectively, and Canadian dollar, Australian dollar and Mexican peso exchange rates of 90 cents, 70 cents and $12.00 to the U.S. dollar, respectively.
For each operation, 2008 actual gold production and 2009 forecast gold production are in the table.
2008 2009 forecast
Mine gold production gold production
Cerro San Pedro 84,561 90,000-100,000
Peak Mines 100,493 90,000-100,000
Amapari 86,992 10,000-12,000
------- ---------------
Total 272,046 190,000-210,000
======= ===============
Capital expenditures for 2009 are expected to be approximately $107-million with $78.5-million (including capitalized interest) allocated to continued development of the New Afton project and $24.5-million allocated to Peak Mines. Expensed exploration for 2009 is expected to be approximately $6.2-million. Corporate general and administration costs are expected to be approximately $13.7-million.
Conference call-in details
New Gold's year-end financial results are expected to be released on March 17, 2009, followed by a conference call at 1 p.m. ET to discuss these results. Anyone may join the call by dialling toll-free 1-888-789-9572 or 1-416-695-7806 to access the call from outside Canada or the U.S. You can listen to a recorded playback of the call after the event until April 14, 2009, by dialling 1-800-408-3053 or 1-416-695-5800 for calls outside Canada and the U.S., passcode No. 3281215.
We seek Safe Harbor.
Rohstoffe-Go Exklusiv - & Wirtschaftsnews - 20.10.09
New Gold steigert Goldproduktion um 16 Prozent
Stuttgart (www.rohstoffe-go.de) Die in Vancouver ansässige New Gold (WKN A0ERPH) bekräftigt ihre Prognose und erwartet auch weiterhin eine Goldproduktion von 270.000 bis 300.000 Unzen bei Gesamtcashkosten von 470 bis 490 US-Dollar je Unze – ohne Verkauf von Beiproduktion – für das Gesamtjahr 2009.
Im dritten Quartal des laufenden Jahres erzielte das Unternehmen einen Anstieg der Goldproduktion von 16 Prozent auf jetzt 77.645, während die Gesamtcashkosten von 565 auf 470 US-Dollar pro Unze gesenkt werden konnten.
Die Kupferproduktion belief sich im dritten Quartal New Gold zufolge auf 3,6 Millionen Pfund nach 2,3 Millionen Pfund im gleichen Zeitraum des Vorjahres. Für den Silberausstoß des dritten Quartals meldete das Unternehmen 342.633 Unzen nach 282.055 Unzen im Vorjahr.
Von Januar bis Ende September erreichte die Goldproduktion bereits 190.101 Unzen nach 154.153 Unzen im Vergleichszeitraum 2008. Die Cashkosten gingen in den ersten neun Monaten dieses Jahres auf 332 Dollar je Unze zurück, nachdem sie im Vorjahr noch bei 490 Dollar pro Unze gelegen hatten. Diese Entwicklung war vor allem auf die höheren Kupferumsätze zurückzuführen, die teilweise durch die ungünstigere Entwicklung des australischen Dollars aufgehoben wurde. Seit Jahresbeginn hat New Gold damit 11,7 Millionen Pfund Kupfer produziert, das Doppelte der 5,8 Millionen Pfund, die man für die ersten neun Monate 2008 gemeldet hatte.
Die Silberproduktion lag in den ersten neun Monaten dieses Jahres bei 1.184.110 Unzen, was eine annähernde Verfünfachung gegenüber den 282.055 Unzen darstellt, die im gleichen Zeitraum des Vorjahres gefördert wurde. New Gold ließ zudem wissen, dass die Goldproduktion von Peak Mines und Cerra San Pedro mit den Prognosen übereinstimmte, während die Silberproduktion von Cerro San Pedro höher lag als erwartet.
Darüber hinaus gab das Unternehmen bekannt, dass das New Afton-Projekt in der zweiten Jahreshälfte 2012 in Produktion gehen soll. New Afton soll über ein Minenleben von 12 Jahren 85.000 Unzen Gold und 75 Millionen Pfund Kupfer produzieren.
Download this Press Release
VANCOUVER, Nov. 19 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX-NGD) is cooperating with Mexican government authorities and pursuing all legal appeals after the company was notified yesterday that it must suspend mining operations at its Cerro San Pedro Mine, known regionally as Minera San Xavier ("MSX"). Although mining has been suspended, gold recovery operations of existing inventory on the leach pads are continuing.
Following a ruling by the Federal Court of Fiscal and Administrative Justice, SEMARNAT, the Mexican government's environmental protection agency nullified the mine's Environmental Impact Statement ("EIS") which was issued in 2006. PROFEPA, the Mexican environmental enforcement agency, issued the order requiring MSX to suspend mining as a consequence of the nullification of the EIS.
MSX has appealed the decision of the Federal Court of Fiscal and Administrative Justice and intends to pursue all legal avenues with respect to the recent actions of both SEMARNAT and PROFEPA. New Gold is seeking immediate remedies. MSX has also filed a new EIS with SEMARNAT.
"This is a continuation of a decade of challenges from a group of individuals largely from outside the area who are opposed to the mining operations at Cerro San Pedro. We are taking all possible steps to respond to challenges to our legal ability to operate the mine, and believe that we will resume full operations" says New Gold CEO Robert Gallagher.
New Gold's Cerro San Pedro Mine has been operating in full compliance with required permits and government authorizations. The mine has had excellent operational performance in 2009 and has an enviable record of meeting its environmental and social responsibilities. The company will continue to actively safeguard the environment and enhance the lives of residents of communities around the Cerro San Pedro Mine.
New Gold will continue to provide updates on this matter.
Die Analysten von Canaccord Adams hatten zwar mit einem Verkauf der Mine gerechnet, hatten der Liegenschaft jedoch nur einen Wert von 30 Mio. CAD zuerkannt. Aus diesem Grund wirkt sich der hohe Verkaufspreis positiv auf die Bewertung des Unternehmens aus.
Canaccord erhöht das 12-Monats-Kursziel von 6,00 USD auf 6,15 USD und behält die Kaufempfehlung bei.
http://www.rohstoff-welt.de/news/...c.-Kaufen-mit-Kursziel-6-2C15-USD
Gute Nachrichten gab es zuletzt vom Cerro-San-Pedro-Projekt des kanadischen Junior-Goldproduzenten New Gold. Die Mine hat nun ihren vollen Betrieb wieder aufgenommen, nachdem die Arbeiten im November letzten Jahres aufgrund von Problemen mit den Umweltbehörden vorübergehend geschlossen wurde. New Gold bestätigte gleichzeitig seinen Produktionsplan für Cerro San Pedro für 2010. Es sollen 95.000 bis 105.000 Unzen zu Cashkosten von 390 bis 410 Dollar je Unze gefördert werden.
Rekordproduktion
Damit dürfte New Gold seine Rekordfahrt fortsetzen können. Für das vergangene Jahr meldete die Gesellschaft mit Liegenschaften unter anderem in den USA, Australien und Mexiko eine Goldproduktion von 301.773 Unzen und damit so viel wie noch nie zuvor. Die Cashkosten auf Beiproduktbasis lagen mit 462 Dollar je Unze deutlich unter den veranschlagten 470 bis 490 Dollar. Im laufenden Jahr soll der Ausstoß auf 330.000 bis 360.000 Unzen Gold ansteigen. Im Jahr 2013 plant New Gold, bereits an der 500.000-Unzen-Marke zu kratzen bei weiter deutlich sinkenden Kosten von weniger als 200 Dollar je Unze.
New Gold befindet sich weiter auf Erfolgskurs. Im ersten Quartal konnte der Junior-Goldproduzent seine Goldverkäufe, den Gewinn und die Barmittel deutlich steigern. Zudem bestätigte die Gesellschaft die Prognosen für das Gesamtjahr. Seit der Empfehlung des AKTIONÄRs im März liegt die Aktie mittlerweile bereits mehr als 37 Prozent im Plus.
Der Junior-Goldproduzent New Gold hat die Zahlen für das erste Quartal präsentiert. Von Januar bis März 2010 stiegen die Goldverkäufe um 44 Prozent auf 80.020 Unzen zu Cashkosten von 472 Dollar je Unze. Der Gewinn im Minenbetrieb kletterte sogar um 202 Prozent auf 36,6 Millionen Dollar. Der Nettogewinn aus den fortgeführten Anlagen erhöhte sich von 12,1 Millionen Dollar im Vorjahr auf 17,2 Millionen Dollar. Die Barmittel wuchsen seit dem Jahresende 2009 um 72,2 Millionen Dollar auf 343,7 Millionen Dollar per Ende März an. Zudem bestätigte die Gesellschaft die Prognosen für das Gesamtjahr. Demnach erwartet New Gold eine Gesamtjahresproduktion von 330.000 bis 360.000 Unzen Gold zu Cashkosten auf Beiproduktbasis von 445 bis 465 Dollar je verkaufte Unze.
New Gold Announces 2010 First Quarter Results with Increases in Gold Sales, Earnings and Cash Flow 05/06/2010
Download this Press Release
(All figures are in US dollars unless otherwise indicated)
VANCOUVER, May 6 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces financial and operational results for the first quarter of 2010. The company had a strong operational quarter with gold sales of 80,020 ounces at a total cash cost(1) of $472 per ounce, net of by-product sales, resulting in $36.6 million of earnings from mine operations. New Gold is also pleased to reiterate its 2010 full year guidance of 330,000 to 360,000 ounces of gold production at total cash cost(1) of $445 to $465 per ounce sold, net of by-product sales.
First Quarter Highlights
Results presented below are for the period of ownership for the Mesquite Mine (June 1, 2009).
<<
- Gold sales increased by 44% to 80,020 ounces from 55,397 ounces in
the same period in 2009
- Total cash cost(1) decreased 8% to $472 per ounce sold, net of by-
product sales, from $513 per ounce sold in the same period in 2009
- Earnings from mine operations increased by 202% to $36.6 million from
$12.1 million in the same period in 2009
- Net earnings from continuing operations increased to $17.2 million
from $12.1 million in the same period in 2009
- Cash flow from operations increased to $20.0 million from cash flow
used by operations of $2.7 million in the same period in 2009
- Cash balance increased by $72.2 million from year-end 2009 to
$343.7 million at March 31, 2010
>>
"With continued strong operational results and a significantly improved balance sheet, the first quarter proved to be an outstanding start to 2010 for New Gold," stated Randall Oliphant, Executive Chairman. "Through the rest of 2010 and going forward, we will continue our focus on delivering increased production at lower costs and will strive to further increase the value of our portfolio of operating and development assets."
First Quarter Consolidated Financial Results
Consolidated revenue for the first quarter of 2010 was $101.6 million compared to $44.3 million for the same period in 2009. Revenue increased in 2010 as a result of additional gold sales from the Mesquite mine after the business combination with Western Goldfields Inc. as well as higher average realized gold prices in 2010.
Earnings from mine operations for the first quarter of 2010 were $36.6 million compared to $12.1 million for the same period in 2009. The increase in earnings from mine operations in 2010 was driven by increased gold sales, higher average realized gold prices and lower total cash cost(1) during the quarter.
Net earnings from continuing operations for the first quarter of 2010 were $17.2 million or $0.04 per share compared to net earnings of $12.1 million or $0.06 per share for the same period in 2009. The first quarter 2010 net earnings included a pre-tax gain of $3.9 million related to the sale of Asset Backed Notes which was offset by a pre-tax $4.8 million foreign exchange translation loss. Comparatively, the first quarter of 2009 net earnings included a pre-tax gain of $14.2 million related to the redemption of long-term debt which was partially offset by a pre-tax $2.0 million foreign exchange translation loss.
Cash flow from operations for the first quarter of 2010 was $20.0 million compared to cash flow used by operations of $2.7 million for the same period in 2009. The significant increase in quarterly cash flow is a direct result of the company's strong operating performance during the quarter.
New Gold's cash balance at the end of the quarter was $343.7 million representing a significant increase over the year-end 2009 cash balance of $271.5 million, including restricted cash. In addition, subsequent to quarter end, the company closed the sale of Amapari and as part of the consideration received $37 million in cash. During the quarter, New Gold fully pre-paid the remaining $27.2 million of the Mesquite term loan
http://www.newgold.com/MediaCentre/NewGoldNews/...121998/default.aspx
Peak Mines
Gold (thousand ounces) 116.5 100.5 93.2 90-100
Copper (million pounds) 7.49 8.25 15.6 15-17
Mesquite
Gold (thousand ounces) n/a 108 99.3 145-155
Cerro San Pedro
Gold (thousand ounces) 26.8 84.6 95.5 95-105
Silver (million ounces) 0.4 1.1 1.5 1.4-1.6
Amapari Mine
Gold (thousand ounces) 96.4 87 13.7 ---
Total
Gold (thousand ounces) 239.7 272 301.8 330-360
Copper (million pounds) 7.49 8.25 15.6 1 5-17
Silver (million ounces) 0.4 1.1 1.5 1.4-1.6
Zusammenfassung der drei Monate bis zum 30. Juni:
• Die Goldproduktion stieg von 55.633 oz im Vorjahresquartal um 62% auf 89.919 oz.
• Die Goldverkäufe stiegen von 52.890 oz im Vorjahresquartal um 56% auf 82.402 oz.
• Die gesamten Cashkosten betrugen je verkaufter Unze 491 USD (nach Beiproduktgutschriften).
• Der Gewinn aus dem Minenbetrieb stieg von den 14,6 Mio. USD im Vorjahreszeitraum um 145% auf 35,9 Mio. USD.
• Der operative Cashflow stieg um 82% auf 38,8 Mio. USD.
• Die Barmittel des Unternehmens stiegen seit dem Ende des ersten Quartals um 32 Mio. USD auf 376 Mio. USD am 30. Juni 2010.
New Gold behält seine Planung für die Gesamtjahresproduktion von 330.000-360.000 oz Gold zu gesamten Cashkosten von 445-465 USD je verkaufter Unze (nach Beiproduktgutschriften) bei.
Quelle: http://www.minenportal.de/artikel.php?sid=10855
http://www.newgold.com/Theme/NewGold/files/...%20release%20vFINAL.PDF
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New Gold sees costs after credits at zero by 2013
http://www.miningweekly.com/article/...its-at-zero-by-2013-2010-08-06
Die Größe des Landpakets und Explorationsziele in der Tiefe könnten die gesamten Ressourcen erweitern und das Minenleben verlängern.
Die Analysten von Wellington West empfehlen die Aktie von New Gold auch weiterhin zum Kauf und behalten das Kursziel von 7,50 CAD bei.
Der kanadische Goldproduzent New Gold schwimmt weiter auf der Erfolgswelle. Im vierten Quartal hat die Gesellschaft eine Goldproduktion von 124.445 Unzen erzielt. Dies entspricht einer Steigerung von elf Prozent gegenüber der vergleichbaren Vorjahresperiode. Die Cashkosten auf Beiproduktbasis sanken von 472 Dollar auf 354 Dollar pro Unze. Damit erzielte New Gold die höchste Produktion zu gleichzeitig den niedrigsten Cashkosten in der Geschichte des Unternehmens.
Deutliches Wachstum
Im Gesamtjahresvergleich erhöhte sich die Goldproduktion 2010 um 27 Prozent auf 382.991 Unzen Gold. Für 2011 visiert New Gold bereits einen Ausstoß von 380.000 bis 400.000 Unzen Gold an. Zwei hochinteressante Entwicklungsprojekte in der Pipeline dürften auch in Zukunft für weitere Produktionszuwächse sorgen.
Entgültige Zahlen kommen am 4. März 2011
Neue Präsentation unter http://www.newgold.com/Theme/NewGold/files/Analyst_Day_2011_v10.pdf
Kurs zur Zeit nicht auf dem Höhepunkt trotz steigenden Gold- und Kupferpreis.
• Die Goldverkäufe stiegen von 82.403 oz im Vorjahresquartal um 15% auf 95.039 oz.
• Die gesamten Cashkosten betrugen je verkaufter Unze nach Beiproduktgutschriften 354 USD. Im Vorjahreszeitraum hatten diese bei 481 USD gelegen.
• Der Nettogewinn für das Quartal betrug 79 Mio. USD oder 0,19 USD pro Aktie.
• Am 30. Juni 2011 betrugen die Barmittel des Unternehmens 490 Mio. USD.
New Gold behält seine Planung für das Gesamtjahr bei. Man rechnet mit der Produktion von 380.000 - 400.000 oz und gesamten Cashkosten nach Beiproduktgutschriften von 390 - 410 USD je verkaufter Unze.
New Gold Intersects 278 Metres of 2.8 Grams per Tonne Gold at Blackwater Project 08/09/2011
VANCOUVER, Aug. 9, 2011 /CNW/ - New Gold Inc. ("New Gold") (TSX:NGD)(NYSE AMEX:NGD) today announces the drill results for 12 additional holes and four metallurgical holes on its Blackwater Project in central British Columbia. The latest results are a continuation of New Gold's aggressive drill program at Blackwater where the company now has assays for a total of 66 additional holes since the completion of the project's initial March 2011 resource estimate. Today's results include infill and step-out holes drilled within and around the currently defined mineral resource. Highlights include:
August 2011 - Highlights | ||||
Hole ID | From (metres) | To (metres) | Interval (metres) | Weighted Average Gold Grade (g/t) |
BW-176 | 42 | 77 | 35 | 2.37 |
BW-179 | 83 | 364 | 278 | 2.78 |
BW-180 | 77 | 227 | 150 | 1.41 |
"The latest results are a continuation of our efforts to identify the edges of the deposit while also focusing on infill drilling in the core of the already established resource," stated Mark Petersen, Vice President, Exploration. "We are excited about the results, in particular the higher grades seen in holes 176 and 179 and the extension of significant gold grades to the southwest as identified in hole 180."
The four metallurgical holes completed were drilled in four separate areas of the deposit to generate representative bulk samples for testing. A detailed map highlighting the latest 12 holes and four metallurgical holes is available on New Gold's website at www.newgold.com.
As previously announced New Gold has increased the drill program for the project and plans to drill 40,000 to 50,000 metres, or approximately 100 holes, in the second half of 2011. New Gold's exploration program will target both the 100%-owned southern portion of the project and the 75%-owned northern portion, where Silver Quest Resources Ltd. owns the remaining 25%. The planned camp expansion is progressing on schedule to support as many as eight to ten drills by the middle of the fourth quarter of 2011. There are currently five drills active at site. In addition to the ongoing drilling, the company plans to complete a detailed IP-Resistivity Survey in the fall to explore for extensions to the deposit.
New Gold looks forward to providing further updates on the company's exploration efforts at its Blackwater Project.
Drill Hole Data
Drill Hole | From | To | Interval | Au g/t | Comments |
BW-171 | 0 | 3 | 3 | n/a | No sampling |
3 | 97 | 94 | 0.03 | ||
97 | 102 | 5 | 0.38 | ||
102 | 121 | 19 | 0.07 | ||
121 | 143 | 22 | 0.62 | ||
143 | 156 | 13 | 0.29 | ||
156 | 174 | 18 | 0.61 | ||
174 | 197 | 23 | 0.05 | ||
197 | 221 | 24 | 0.70 | ||
221 | 237 | 16 | 0.19 | ||
237 | 296.57 | 59.57 | 0.06 | ||
BW-172 | 0 | 7 | 7 | n/a | No sampling |
7 | 81 | 74 | 0.13 | ||
81 | 87 | 6 | 0.38 | ||
87 | 98 | 11 | 0.08 | ||
98 | 113 | 15 | 0.27 | ||
113 | 200 | 87 | 0.09 | ||
200 | 207 | 7 | 0.36 | ||
207 | 220 | 13 | 0.17 | ||
220 | 271 | 51 | 0.39 | ||
271 | 324 | 53 | 0.19 | ||
324 | 395 | 71 | 0.34 | ||
395 | 403 | 8 | 0.11 | ||
403 | 425.2 | 22.2 | 0.54 | ||
BW-173 | 0 | 31.8 | 31.8 | n/a | No sampling |
31.8 | 104 | 72.2 | 0.09 | ||
104 | 177 | 73 | 0.53 | ||
177 | 179 | 2 | 10.95 | ||
179 | 185 | 6 | 0.52 | ||
185 | 249.8 | 64.8 | 0.08 | ||
BW-174 | 0 | 3 | 3 | n/a | No sampling |
3 | 78 | 75 | 0.04 | ||
78 | 80 | 2 | 2.51 | ||
80 | 91 | 11 | 0.06 | ||
91 | 93 | 2 | 3.65 | ||
93 | 108 | 15 | 0.42 | ||
108 | 233.17 | 125.17 | 0.05 | ||
BW-175 | 0 | 3 | 3 | n/a | No sampling |
3 | 25 | 22 | 0.11 | ||
25 | 27 | 2 | 1.12 | ||
27 | 298.09 | 271.09 | 0.06 | ||
BW-176 | 0 | 3.5 | 3.5 | n/a | No sampling |
3.5 | 30 | 26.5 | 0.13 | ||
30 | 35 | 5 | 1.56 | ||
35 | 42 | 7 | 0.12 | ||
42 | 77 | 35 | 2.37 | ||
77 | 79 | 2 | 37.25 | ||
79 | 119 | 40 | 0.74 | ||
119 | 137 | 18 | 0.31 | ||
137 | 138 | 1 | 4.45 | ||
138 | 164 | 26 | 0.43 | ||
164 | 207 | 43 | 0.27 | ||
207 | 251 | 44 | 0.10 | ||
251 | 261 | 10 | 0.77 | ||
261 | 286 | 25 | 0.35 | ||
286 | 299 | 13 | 0.72 | ||
299 | 340 | 41 | 0.10 | ||
340 | 361 | 21 | 0.33 | ||
361 | 580 | 219 | 0.07 | ||
BW-177 | 0 | 84.12 | 84.12 | n/a | No sampling |
84.12 | 186 | 101.88 | 0.03 | ||
186 | 187 | 1 | 5.78 | ||
187 | 491.64 | 304.64 | 0.02 | ||
BW-178 | 0 | 83.21 | 83.21 | n/a | No sampling |
83.21 | 202 | 118.79 | 0.07 | ||
202 | 217 | 15 | 0.54 | ||
217 | 374.3 | 157.3 | 0.03 | ||
BW-179 | 0 | 34 | 34 | n/a | No sampling |
34 | 83 | 49 | 0.10 | ||
83 | 364 | 278 | 2.78 | ||
Includes | 83 | 116 | 33 | 0.99 | |
116 | 139 | 23 | 3.06 | ||
139 | 177 | 38 | 8.79 | ||
177 | 208 | 31 | 1.47 | ||
208 | 218 | 10 | 0.45 | ||
218 | 220 | 2 | 8.50 | ||
220 | 268 | 48 | 1.02 | ||
268 | 286 | 18 | 6.07 | ||
286 | 307 | 21 | 1.20 | ||
307 | 327 | 20 | 0.07 | ||
327 | 328 | 1 | 3.13 | ||
328 | 338 | 10 | 0.32 | ||
338 | 339 | 1 | 58.00 | ||
339 | 364 | 25 | 0.87 | ||
BW-180 | 0 | 13 | 13 | n/a | No sampling |
13 | 32 | 19 | 0.14 | ||
32 | 33 | 1 | 11.9 | ||
33 | 55 | 22 | 0.13 | ||
55 | 61 | 6 | 3.54 | ||
61 | 77 | 16 | 0.12 | ||
77 | 227 | 150 | 1.41 | ||
Includes | 77 | 96 | 19 | 0.68 | |
96 | 99 | 3 | 5.77 | ||
99 | 103 | 4 | 1.52 | ||
103 | 115 | 12 | 0.41 | ||
115 | 116 | 1 | 6.10 | ||
116 | 124 | 8 | 0.76 | ||
124 | 126 | 2 | 6.75 | ||
126 | 148 | 22 | 0.83 | ||
148 | 172 | 24 | 0.11 | ||
172 | 180 | 8 | 0.53 | ||
180 | 181 | 1 | 8.80 | ||
181 | 185 | 4 | 1.40 | ||
185 | 187 | 2 | 8.55 | ||
187 | 197 | 10 | 1.44 | ||
197 | 208 | 11 | 5.50 | ||
208 | 227 | 19 | 0.69 | ||
227 | 377.34 | 150.34 | 0.02 | ||
BW-181 | 0 | 4 | 4 | n/a | No sampling |
4 | 26 | 22 | 0.07 | ||
26 | 38 | 12 | 0.40 | ||
38 | 54 | 16 | 0.20 | ||
54 | 291.69 | 237.69 | 0.02 | ||
BW-182 | 0 | 1 | 1 | n/a | No sampling |
1 | 43 | 42 | 0.02 | ||
43 | 45 | 2 | 0.89 | ||
45 | 58 | 13 | 0.04 | ||
58 | 59 | 1 | 1.01 | ||
59 | 286.51 | 227.51 | 0.04 |
Metallurgical Hole Data
Drill Hole | From | To | Interval | Au g/t | Comments |
BW-MET1 | 0 | 4 | 4 | n/a | No sampling |
(BW-140) | 4 | 7 | 3 | 1.17 | |
7 | 27 | 20 | 0.14 | ||
27 | 28 | 1 | 4.50 | ||
28 | 34 | 6 | 0.28 | ||
34 | 58 | 24 | 0.62 | ||
58 | 78 | 20 | 0.35 | ||
78 | 92 | 14 | 2.23 | ||
92 | 138 | 46 | 0.16 | ||
138 | 142 | 4 | 1.08 | ||
142 | 161 | 19 | 0.26 | ||
161 | 196 | 35 | 0.09 | ||
196 | 197 | 1 | 29.00 | ||
197 | 209 | 12 | 0.23 | ||
209 | 325.53 | 116.53 | 0.10 | ||
BW-MET2 | 0 | 12 | 12 | n/a | No sampling |
(BW-129) | 12 | 40 | 28 | 0.02 | |
40 | 50 | 10 | 0.19 | ||
50 | 53 | 3 | 1.40 | ||
53 | 64 | 11 | 0.19 | ||
64 | 72 | 8 | 0.88 | ||
72 | 100 | 28 | 0.23 | ||
100 | 107 | 7 | 0.54 | ||
107 | 122 | 15 | 0.34 | ||
122 | 126 | 4 | 1.35 | ||
126 | 147 | 21 | 0.33 | ||
147 | 155 | 8 | 0.69 | ||
155 | 164 | 9 | 0.10 | ||
164 | 169 | 5 | 2.32 | ||
169 | 177 | 8 | 0.32 | ||
177 | 186 | 9 | 4.61 | ||
186 | 206 | 20 | 0.60 | ||
206 | 217 | 11 | 3.15 | ||
217 | 256 | 39 | 0.78 | ||
256 | 278 | 22 | 2.16 | ||
278 | 280 | 2 | 4.46 | ||
280 | 282 | 2 | 39.10 | ||
282 | 299 | 17 | 4.18 | ||
299 | 368.2 | 69.2 | 0.07 | ||
BW-MET3 | 0 | 55 | 55 | n/a | No sampling |
(BW-126) | 55 | 60 | 5 | 0.28 | |
60 | 65 | 5 | n/a | No Assays | |
65 | 71 | 6 | 0.09 | ||
71 | 81 | 10 | 0.49 | ||
81 | 93 | 12 | 0.06 | ||
93 | 100 | 7 | 2.69 | ||
100 | 194 | 94 | 0.13 | ||
194 | 208 | 14 | 0.51 | ||
208 | 213 | 5 | 2.13 | ||
213 | 226 | 13 | 0.42 | ||
226 | 257 | 31 | 0.14 | ||
257 | 270 | 13 | 0.37 | ||
270 | 299 | 29 | 1.07 | ||
299 | 352.5 | 53.5 | 0.05 | ||
BW-MET4 | 0 | 94 | 94 | 0.06 | |
(BW-158) | 94 | 107 | 13 | 0.21 | |
107 | 134 | 27 | 1.03 | ||
134 | 154 | 20 | 0.31 | ||
154 | 179 | 25 | 0.82 | ||
179 | 180 | 1 | 6.80 | ||
180 | 240 | 60 | 0.37 | ||
240 | 254 | 14 | 1.74 | ||
254 | 279 | 25 | 0.41 | ||
279 | 308 | 29 | 0.17 | ||
308 | 318 | 10 | 0.57 | ||
318 | 338 | 20 | 0.13 | ||
338 | 343 | 5 | 0.96 | ||
343 | 389.53 | 46.53 | 0.15 |
Quality Assurance
New Gold maintains a Quality Assurance / Quality Control ("QA/QC") program at the Blackwater Project using industry best practices that are consistent with the QA/QC protocols in use at all of its exploration and development projects. Key elements of New Gold's QA/QC program include chain of custody of samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is halved and shipped in sealed bags to Eco Tech Laboratories in Kamloops, British Columbia. Check analyses are completed by ALS Chemex Laboratories, Vancouver, British Columbia.
http://www.newgold.com/MediaCentre/NewGoldNews/...126225/default.aspx
New Gold auf Rekordkurs, die Gewinne stiegen 2011 auf ein neuen Höchstand. Der Aktienkurs befindet sich jedoch seit mehr als einem Jahr in einer Seitwärtsphase. New Gold kann wie viele Gold-Produzenten performancetechnisch (noch) nicht von der guten Goldpreis-Performance profitieren. 2012 plant New Gold bis zu 445.000 Unzen Gold, 2 Millionen Unzen Silber und rund 50 Millionen Pfung Kupfer zu produzieren. Die Gold-Produktion soll nach diesen Planungen um mehr als 15% gesteigert werden, während sich die Kupfer-Produktion aufgrund neuer Minen sogar vervierfachen soll.
New Gold reports record 212% increase in 2011 net earnings
The combination of increased gold production, low total cash cost, and strong commodity prices, led New Gold to the "strongest financial performance in the company's history."
Author: Dorothy Kosich
Posted: Friday , 02 Mar 2012
RELATED STORIES New Gold reports record 2011 gold production, offers 2012 guidance
Gold price surge lifts New Gold's Q3 profit
New Gold pushes to consolidate gold deposit with $131m Silver Quest takeover
RENO (MINEWEB) -
New Gold reported a 212% increase in net earnings last year, as well as record annual gold production of 387,155 ounces.
The company met its production guidance of 380,000 to 400,000 ounces of gold, despite a decrease in fourth-quarter 2011 gold production from 124,400 ounces in fourth-quarter 2010 to 100,671 ounces. Fourth-quarter 2010 gold production had benefitted from higher grades being mined at all of the operations without grades at Mesquite and Cerro San Pedro above reserve grade.
New Gold Thursday reiterated its 2012 guidance of 405,000 to 445,000 ounces of gold. Silver production guidance is 1.9 million to 2.1 million ounces this year, while copper production guidance is 42 million to 49 million pounds.
Total cash cost guidance is a range of $410 to $430 per ounce this year.
The company also reported a drop in silver production from 2,188,200 ounces in 2010 to 1,989,300 ounces in 2010. Copper production also declined from 15.3 million pounds in 2010 to 12.7 million pounds in 2011.
Robert Gallagher, New Gold CEO said, "While we are pleased with our 2011 results, 2012 should be even more transformational for New Gold with production from New Afton set to drive record production, construction at El Morro advancing and continued exploration and development at Blackwater."
FINANCIALS
Net earnings in 2011 increased by 212% from $57 million or 15-cents per share in 2010 to $179 million or 42-cents per share.
Adjusted net earnings increased by 62% to $188 million or 44-cents per share in 2011, compared to $115.7 million or 30-cents per share.
For the fourth-quarter 2011 net earnings were reported at $35 million or 8-cents per share, up from $25.6 million or 7-cents per share for the same quarter of 2010.
Adjusted net earnings for the fourth-quarter 2011 were reported at $42.2 million or 9-cents per share, down from $57 million or 15-cents per share in adjusted net earnings for the fourth-quarter 2010. The company's fourth quarter revenue and earnings were down primarily due to "production of gold, silver and copper in the fourth quarter of 2010 all being benefitted by above average grade due to mine sequencing," New Gold said.
Quelle: http://www.mineweb.com/mineweb/view/mineweb/en/...n=Detail&pid=34
New Gold gibt Preisgestaltung von $ 300 Millionen Emission einer Anleihe
(Alle Zahlen sind in US-Dollar, sofern nicht anders angegeben)
VANCOUVER, 2. April 2012 / PRNewswire / - New Gold Inc. ("New Gold") (TSX und NYSE Amex: NGD) gibt heute die Preisfestsetzung ihrer Privatplatzierung von $ 300.000.000 Gesamtnennbetrag von 7,0% Senior Notes mit Fälligkeit 2020 ( die "Schuldverschreibungen"). Das Angebot wird voraussichtlich am oder um den 5. April 2012 zu schließen. New Gold beabsichtigt, den Nettoerlös der Schuldverschreibungen nutzen, um die Rücknahme seiner 10% Senior Secured Notes mit Fälligkeit 2017 und für allgemeine unternehmerische Zwecke zu finanzieren.
Das Angebot und der Verkauf der Schuldverschreibungen werden nicht gemäß dem United States Securities Act von 1933 in geänderter Fassung (der "Securities Act"), und die Schuldverschreibungen können nicht angeboten oder in den Vereinigten Staaten ohne Registrierung oder eine gültige Befreiung von verkauft werden der Registrierungspflicht gemäß dem Securities Act und anwendbarer Wertpapiergesetze. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots, die Schuldverschreibungen zu kaufen, und es wird kein Angebot oder Verkauf der Schuldverschreibungen in Rechtsgebieten, in denen ein solches Angebot, Einladung oder Verkauf ungesetzlich wäre.
Warnhinweis bezüglich Forward-Looking Statements
Diese Presseinformation enthält bestimmte "zukunftsgerichtete Aussagen" und "zukunftsgerichtete Informationen" im Sinne der geltenden kanadischen und US-Wertpapiergesetzen. Im Allgemeinen können zukunftsgerichtete Aussagen durch die Verwendung von zukunftsgerichteter Terminologie wie "plant", "erwartet", "wird erwartet", "Budget", "voraussichtlich", "schätzt", "prognostiziert", "beabsichtigt identifiziert werden "," antizipiert ", oder" glaubt "bzw. Abwandlungen solcher Begriffe und Phrasen oder an Aussagen, wonach bestimmte Handlungen, Ereignisse oder Ergebnisse eintreffen" können "," könnte "," würde "," könnte "oder" ergriffen werden "," auftreten "oder" erreicht "werden, oder die negative Konnotation. Zukunftsgerichtete Aussagen unterliegen bekannten und unbekannten Risiken, Ungewissheiten und andere Faktoren, aufgrund derer die tatsächlichen Ergebnisse, das Aktivitätsniveau, Leistungen oder Erfolge von New Gold zu wesentlichen Abweichungen von den explizit oder implizit in solchen vorausschauenden Aussagen, einschließlich möglicherweise aber nicht beschränkt auf Risiken, die in dem Abschnitt zu Risikofaktoren in New Golds neuesten Annual Information Form erhältlich unter SEDAR-Profil New Golds an diskutiert begrenzt www.sedar.com . Obwohl New Gold versucht hat, wichtige Faktoren, aufgrund derer die tatsächlichen Ergebnisse wesentlich von den in zukunftsgerichteten Aussagen enthaltenen identifizieren konnte, kann es andere Faktoren, aufgrund derer Ergebnisse nicht wie vorhergesagt werden, geschätzt oder beabsichtigt ausfallen. Es kann keine Zusicherung, dass sich solche Aussagen als zutreffend erweisen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse könnten wesentlich von den in diesen Aussagen angenommenen abweichen. Dementsprechend sollten die Leser nicht in unangemessener Weise auf zukunftsgerichtete Aussagen. New Gold nicht verpflichtet, zukunftsgerichtete Aussagen zu aktualisieren, es sei denn in Übereinstimmung mit den geltenden Wertpapiergesetzen.