New Gold ( (TSE:NGD) ) has provided an update.
On March 18, 2025, New Gold Inc. entered into an indenture agreement with Computershare Trust Company, N.A., as trustee, to issue 6.875% senior notes due in 2032. This move is part of New Gold’s strategic financial management, potentially impacting its debt structure and providing capital for future operations. The issuance of these notes is significant for stakeholders as it reflects the company’s efforts to secure long-term financing and strengthen its financial position in the competitive mining industry.
More about New Gold
New Gold Inc. operates in the mining industry, focusing on the exploration and production of gold and other precious metals. The company is based in Toronto, Canada, and is known for its commitment to sustainable mining practices.
YTD Price Performance: 29.01%
Average Trading Volume: 14,212,498
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.64B
For a thorough assessment of NGD stock, go to TipRanks’ Stock Analysis page.