VANCOUVER, April 23, 2012 /PRNewswire/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX: NGD) announces that it will host its Annual General and Special Meeting of Shareholders ("AGM") on Wednesday, May 2, 2012. New Gold has filed its 2011 management's discussion and analysis of financial condition ("MD&A") and 2011 audited financial statements, together with its management information circular, and these documents are available on the Company's website at www.newgold.com. Shareholders may request a hard copy of the complete audited financial statements free of charge upon request by calling toll-free 1-888-315-9715, or email your request to info@newgold.com.
The AGM will begin on Wednesday, May 2, 2012 at 4:00 pm Eastern Time and will be held at St. Andrew's Club & Conference Centre, 150 King Street West, 27th Floor, Toronto, Ontario, Canada. A live audio webcast of the meeting will be available on our homepage at www.newgold.com. Participants may also join the conference by calling 1-647-427-7450 or toll-free 1-888-231-8191 in North America. To listen to a recorded playback of the meeting after the event, please call 1-416-849-0833 or toll-free 1-855-859-2056 in North America - Passcode 73863181. The audio and webcast presentation will be available after the AGM on our website.
First Quarter 2012 Financial Results
In addition, New Gold plans to release its first quarter 2012 financial
results after market close on Wednesday, May 2, 2012. A conference
call and webcast will be held on Thursday, May 3, 2012 at 8:00 am
Eastern Time to discuss the results. A live audio webcast of the
meeting will be available on our homepage at www.newgold.com. Participants may also join the conference by calling 1-647-427-7450 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 67408581. The
archived webcast will also be available after the call at www.newgold.com.
About New Gold Inc.
New Gold is an intermediate gold mining company. The company has a
portfolio of three producing assets and three significant development
projects. New Gold's most immediate development project, New Afton, is
scheduled to begin production in mid-2012 and together with the
Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexicoand 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 beyond New Gold's ability to control or predict.
Forward-looking statements are necessarily based on estimates and
assumptions (including that the business of various transactions will
be integrated successfully in the New Gold organization) 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 national and local
government legislation in Canada, the United States, Australia, Mexicoand 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 Gold operates, including, but not limited to,
Mexico, where New Gold is involved with ongoing challenges relating to
its environmental impact statement for the Cerro San Pedro Mine; the
lack of certainty with respect to the Mexican and other 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, including the third
party claim related to the El Morro transaction with respect to New
Gold's exercise of its right of first refusal on the El Morro
copper-gold project in Chile and its partnership with Goldcorp Inc.,
which transaction and third party claim were announced by New Gold in
January 2010; 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's disclosure 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.
SOURCE New Gold Inc.
