THE VOICE OF THE CANADIAN

MINING INDUSTRY SINCE 1935

New Gold Inc.

COMPANY PROFILE

New Gold

New Gold is an intermediate gold producer with operating mines in Canada – the New Afton Mine in British Columbia and the Rainy River Mine in Ontario, and Mexico, the Cerro San Pedro Mine. In addition, New Gold’s principal development project is its 100% owned Blackwater project in British Columbia.

New Gold is committed to excellence in sustainability. We consider our ability to make a lasting and positive contribution to our host communities a key driver to achieving a productive and profitable business. At New Gold, we contribute to sustainable development by ensuring we have a detailed understanding of the impacts, and potential impacts, of our activities on communities and the environment. With this understanding we can minimize or prevent these impacts. We apply this risk-based approach throughout the mine life cycle, from early exploration through development and operation, to decommissioning and mine closure.

New Gold believes in positively contributing to the mining industry. As part of this commitment, New Gold is an active member of the Business for Social Responsibility, the Mining Association of Canada, the Prospectors and Developers Association of Canada, the Mining Association of Ontario and the Mining Association of British Columbia. We are also committed to the United Nations Global Compact’s principles on human rights, labor standards, the environment and anti-corruption.

New Gold is committed to achieving the highest possible level of performance with regards to safety, environmental protection and sustainable community development. This commitment drives New Gold to seek out those standards, protocols and performance indicators that assist our operations in achieving these goals. As a result, New Gold has adopted the following standards and added them to the New Gold Environmental Management Standards and Community Management Standards:

  • The International Cyanide Management Code
  • ISO 14001:2015 Environmental Management
  • The Mining Association of Canada’s TSM

2013 was the first full year of operation at New Afton and the first year of mandatory TSM reporting. New Afton has now gone through two full reporting cycles with TSM and continues to show improvement on the TSM protocols. New Gold has used TSM as a tool of disclosure to assure our local communities and First Nations partners that there has been progress and improvement in the areas that are important to them.

This is New Afton’s sixth year of reporting to TSM and the site conducted external verification against the protocols. New Afton’s 2018 external verification was selected for COI Panel review which was completed in October 2018 and provided a great learning opportunity for the company.

New Afton was the first mine in North America to be certified under ISO 50001, Energy Management Systems, in 2014. We have met the criteria for AAA across the entire TSM Energy Use and GHG Emissions Management Protocol, but more importantly we have met or exceeded our energy targets which leads to dollar savings and lower GHG emissions and has yielded 35 GWh in energy conservation, enough to power 3,500 homes for a full year. In 2018, New Afton won a Canadian Industry Partnership for Energy Conservation (CIPEC) Leadership Award for Employee Awareness and Training.

As part of our commitment to being a socially responsible partner of choice, New Gold has adopted TSM at all of our sites, including those in other countries. In 2017, our Cerro San Pedro Mine received a TSM Leadership Award from the Mining Association of Canada for reaching a minimum of Level A across all indicators during external verification. As the site is undergoing a phased closure due to exhaustion of ore, one particularly pleasing aspect of the results was the achievement of AAA across all indicators of the TSM Aboriginal and Community Outreach Protocol. Cerro San Pedro has maintained the good results that it achieved for the last reporting period. Although Cerro San Pedro will report its TSM results externally moving forward, the site will continue to use the TSM Protocols to guide activities through the remainder of the closure process.

Rainy River Mine in Northern Ontario is now operating and is actively implementing TSM. Rainy River has completed a self-assessment and looks forward to having the results externally verified next year. External reporting of the results will commence in 2020.

For more information, please visit www.newgold.com or contact Bethany Borody: bethany.borody@newgold.com.

Externally Verified Results

2021 TSM Results

New Gold Inc.

Crisis Management and Communications Planning Assessment
Facility Crisis management and communications preparednessReviewTraining
New Gold Inc. – Corporate
New Afton Mine
Rainy River Mine
Results as of: Feb 22, 2022
Preventing Child and Forced Labour Assessment
Facility PREVENTING FORCED LABOURPREVENTING CHILD LABOUR
Cerro San Pedro
Western Mesquite Mine
New Afton Mine
Rainy River Mine
Results as of: May 10, 2019
Note: These requirements are assessed every three years during the external verification.
Safety and Health Assessment
Commitments and accountabilityPlanning and implementationTraining, behaviour and cultureMonitoring and reportingPerformance
New Afton Mine
Rainy River Mine

AAA

AA

A

B

C

Results as of: Feb 17, 2022
Tailings Management Assessment
Tailings management policy and commitmentTailings management systemAssigned accountability and responsibilityAnnual tailings management reviewOperation, maintenance and surveillance (OMS) manual
New Afton Mine
Rainy River Mine

AAA

AA

A

B

C

Results as of: Feb 17, 2022
Biodiversity Conservation Management Assessment
Commitment, accountability and communicationsConservation planning and implementationReporting
New Afton Mine
Rainy River Mine

AAA

AA

A

B

C

Results as of: Feb 17, 2022
Energy and GHG Emissions Management Assessment
Energy use and greenhouse gas emissions managementEnergy use and greenhouse gas emissions reporting systemsEnergy and greenhouse gas emissions performance targets
New Afton Mine
Rainy River Mine

AAA

AA

A

B

C

Results as of: Feb 17, 2022
Water Stewardship Assessment
Water governanceOperational water managementWatershed-scale planningWater reporting and performance
New Afton Mine
Rainy River Mine

AAA

AA

A

B

C

Results as of: Feb 17, 2022
Indigenous and Community Relationships
Community of Interest IdentificationEffective Community of Interest Engagement and DialogueEffective Indigenous Engagement and DialogueCommunity Impact and Benefit ManagementCommunity of Interest Response Mechanism
New Afton Mine
Rainy River Mine

AAA

AA

A

B

C

Results as of: May 27, 2022
International Initiatives
Industry Sustainability Initiatives
ICMM Sustainable Development Framework
WGC Conflict Free Gold Standard
ISO 14001 - EMS Standard
Management System Standards
OHSAS 18001
UN Global Compact
International Voluntary Initiatives
Extractive Industries Transparency Initiative
Voluntary Principles on Security and Human Rights
OECD Guidelines for Multinational Enterprises
AA 1000
Reporting, Disclosure and Transparency Standards
Global Reporting Initiative
Carbon Disclosure Project
Water Disclosure Project
Carbon Pricing Leadership Coalition
IFC Social and Environmental Performance Standards
Financing Standards
Dow Jones Sustainability Index
Listed on Socially Responsible Investing Indices
Jantzi Social Index
Responsible Jewellery
Industry Sustainability Initiatives
International Cyanide Code
Kimberley Process
Results as of: Jun 26, 2019

Letters of Assurance

New Gold Inc. | 2021 | TSM Letter of Assurance

New Gold Inc. | 2019 | TSM Letter of Assurance

New Gold Inc. | 2018 | TSM Letter of Assurance

New Gold Inc. | 2015 | TSM Letter of Assurance

New Gold Inc. | 2013 | TSM Letter of Assurance



Historical TSM Results

TSM Results 2021 (Externally Verified)

- Before Revision (2022-05-27)

TSM Results 2019 (Externally Verified)

- Before Revision (2021-12-17)

TSM Results 2018 (Externally Verified)

- Before Revision (2021-12-17)

TSM Results 2017

- Before Revision (2021-12-17)

- Before Revision (2021-12-17)

- Before Revision (2021-12-17)

TSM Results 2016 (Externally Verified)

TSM Results 2015 (Externally Verified)

TSM Results 2014

TSM Results 2013

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