New Gold Inc. ("New Gold") (TSX
and NYSE MKT:NGD) plans to announce its
second quarter financial results after market close on Wednesday, August
1, 2012. A conference call and webcast will be held following the release
on August 1st at 5:00 pm Eastern Time to
discuss the results. Participants may join the conference by calling 647-427-7450 or
toll-free 1-888-231-8191 in North
America. To listen to a recorded playback of the call after the event, please
call 1-416-849-0833 or
toll-free 1-855-859-2056 in North
America - Passcode 95434307.
A live and archived
webcast will also be available at www.newgold.com.
About New Gold Inc.
New Gold is an
intermediate gold mining company. The company has a portfolio of four
producing assets and two significant development projects. New
Gold's New Afton project met its targeted June 2012 production
start and is scheduled to begin commercial production in August 2012.
Together with the Mesquite Mine in the United States,
the Cerro San Pedro Mine in Mexico and Peak Gold Mines
in Australia, the company is forecasting between 405,000 and 445,000
ounces of gold production in 2012. In addition, New Gold owns 30%
of the world-class El Morro project located in Chile and 100% of
the exciting Blackwater project in Canada. For
further information on the company, please visit www.newgold.com.
Cautionary Note Regarding
Forward-Looking Statements
Certain information
contained in this news release, including any information relating
to New Gold's future financial or operating performance may be
deemed "forward looking". All statements in this news 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 use of
forward-looking terminology such as "plans", "expects",
"is expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates", "projects", "potential",
"believes" or variations of such words and phrases or statements
that certain actions, events or results "may", "could",
"would", "should", "might" or "will
be taken", "occur" or "be achieved" or the negative
connotation. All such forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made and are
subject to important risk factors and uncertainties, many of which are beyondNew 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 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:
significant capital requirements; fluctuations in the international currency
markets and in the rates of exchange of the currencies
of Canada, the United States, 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 international, national and local
government legislation in Canada, the United
States, Australia, Mexico and Chile 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 and maintaining the validity and
enforceability of the necessary licenses and permits and complying with the
permitting requirements of each jurisdiction that New Goldoperates, including, but not limited
to, Chile where the courts have temporarily suspended the approval
of the environmental permit for the El Morro project; the lack of certainty
with respect to foreign legal systems, which may not be immune from the
influence of political pressure, corruption or other factors that are
inconsistent with the rule of law; the uncertainties inherent to current and
future legal challenges the company is or may become a party to,; 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) as well as "Risk Factors" included in New Gold'sdisclosure documents filed on and available
at www.sedar.com. 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 news
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.
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