New Gold to Discuss Fourth Quarter and Year End 2010 Financial Results on March 4, 2011
VANCOUVER, Feb. 22 /PRNewswire-FirstCall/ – New Gold Inc. (“New Gold”) (TSX:NGD)
(AMEX:NGD) will hold a conference call and webcast on Friday, March 4(th), 2011 at 10:00 am Eastern Standard Time to discuss the company’s fourth
quarter and year end 2010 financial results. Participants may join the
conference by calling 1-416-340-2217 or toll-free 1-866-696-5910 in
North America, and 800-8989-6336 toll-free outside of North America.
The Passcode is 6711188. To listen to a recorded playback of the call
after the event, please call 1-905-694-9451 or toll-free 1-800-408-3053
in North America – Passcode 4610204.
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 with the Mesquite Mine
in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold
Mines in Australia. The company is expected to produce between 380,000
and 400,000 ounces of gold in 2011, with its fully-funded, near-term
development project New Afton adding further incremental growth in
2012. In addition, New Gold has a strong portfolio of development and
exploration assets in North and South America. 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 words “expects”, “does not expect”, “plans”,
“anticipates”, “does not anticipate”, “believes”, “intends”,
“estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget”
and similar expressions, or that events or conditions “will”, “would”,
“may”, “could”, “should” or “might” occur. 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 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:
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, 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 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
Annual Information Form filed on March 26, 2010 and Management’s
Discussion and Analysis for the year ended December 31, 2009, both
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.