<SEC-DOCUMENT>0001157523-20-000511.txt : 20200415
<SEC-HEADER>0001157523-20-000511.hdr.sgml : 20200415
<ACCEPTANCE-DATETIME>20200415063027
ACCESSION NUMBER:		0001157523-20-000511
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200415
FILED AS OF DATE:		20200415
DATE AS OF CHANGE:		20200415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Gold Inc. /FI
		CENTRAL INDEX KEY:			0000800166
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31722
		FILM NUMBER:		20792546

	BUSINESS ADDRESS:	
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3
		BUSINESS PHONE:		(416) 324-6000

	MAIL ADDRESS:	
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRC RESOURCES CORP                                      /FI
		DATE OF NAME CHANGE:	19860904
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a52203625.htm
<DESCRIPTION>NEW GOLD INC. 6-K
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-indent: 36pt;">&#160;<br>
      &#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Form 6-K</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</div>
    <div style="text-align: center; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">For the month of April 2020.</div>
    <div><br>
    </div>
    <div>Commission File Number 001-31722</div>
    <div>&#160;</div>
    <div style="text-align: center;">&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">New Gold Inc.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-align: center;">Suite 3510 &#8211; 181 Bay Street</div>
    <div style="text-align: center;">Toronto, Ontario M5J 2T3</div>
    <div style="text-align: center;">Canada</div>
    <div style="text-align: center;">(Address of principal executive office)</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the
      submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div><font style="font-weight: bold;">Note: </font>Regulation S-T Rule 101(b)(7) only permits the
      submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or
      legally organized (the registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country exchange on which the registrant&#8217;s securities are traded, as long as the report or other document is not a press release, is not required to be and has not
      been distributed to the registrant&#8217;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
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    <div style="text-align: center; font-weight: bold;">DOCUMENTS FILED AS PART OF THIS FORM 6-K</div>
    <div style="text-align: center; font-weight: bold;">&#160;</div>
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          <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">
            <div style="margin-left: 9pt;">Exhibit</div>
          </td>
          <td style="width: 90%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div><a href="a52203625ex99_1.htm">99.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div><a href="a52203625ex99_1.htm">New Gold Inc. News Release date April 15, 2020 &#8211; New Gold Reports First Quarter Operational Results and
                Withdraws Annual Guidance</a></div>
          </td>
        </tr>

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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-indent: 18pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
      by the undersigned, thereunto duly authorized.</div>
    <div style="text-indent: 36pt;">&#160;</div>
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            <div>&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">NEW GOLD INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 57%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>&#160;</div>
          </td>
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        <tr>
          <td style="width: 57%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div>By:</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-style: italic;"><br>
              /s/ Sean Keating</div>
          </td>
          <td style="width: 20%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 57%; vertical-align: top;">
            <div>Date:&#160;April 15, 2020</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="vertical-align: middle;" colspan="2">
            <div>Sean Keating</div>
            <div>Vice President, General Counsel and Corporate Secretary</div>
          </td>
        </tr>

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    <div><br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52203625ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div>
    <div class="bw-release">
      <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>N</b><b>ew Gold Reports First Quarter Operational Results and </b><b>Withdraws Annual Guidance </b> </h1>
      <div class="bw-release-body">
        <div class="bw-release-table-js bw-release-story">
          <p>TORONTO--(BUSINESS WIRE)--April 15, 2020--<b>April 15, 2020 &#8211; New Gold Inc. (&#8220;New Gold&#8221; or the &#8220;Company&#8221;) (TSX and NYSE American: NGD)</b> reports preliminary first quarter operational results from the Rainy River and New Afton mines. <i>(All
              amounts are in US dollars unless otherwise indicated.) </i>The Company is also announcing that due to the rapidly changing and unpredictable environment caused by the global COVID-19 pandemic, the Company is withdrawing its 2020 operational
            guidance until any impact is better understood. </p>
          <p> During this unprecedented period, the health and safety of our workforce and Indigenous and other communities remains our number one concern. We will support all initiatives that align with that objective and will remain vigilant in providing
            a safe working environment for our workforce. </p>
          <p> <b>Consolidated First Quarter and Recent Highlights</b> </p>
          <ul style="list-style-type: disc;">
            <li> Total production for the first quarter was 103,435 gold equivalent (gold eq.) ounces (66,790 ounces of gold, 131,417 ounces of silver and 18.5 million pounds of copper). </li>
            <li> The Rainy River Mine produced 51,106 gold eq. ounces (50,381 ounces of gold and 61,265 ounces of silver) for the quarter, including 12 days of the temporary 14-day suspension of operations announced on March 20, 2020. Operations resumed on
              April 3, 2020 and will gradually be ramped up over the coming weeks. <i>(refer to the Company's April 3, 2020 news release for further information)</i> </li>
            <li> The New Afton Mine produced 52,329 gold eq. ounces (16,409 ounces of gold and 18.5 million pounds of copper) for the quarter. </li>
            <li> The Company&#8217;s available liquidity has increased to approximately $600 million following the completion of a strategic partnership with Ontario Teachers&#8217; Pension Plan (&#8220;OTPP&#8221;) whereby OTPP has acquired a 46.0% free cash flow interest in the
              New Afton mine for proceeds of $300 million. <i>(refer to the Company's February 25 and March 31, 2020 news releases for further information)</i> </li>
            <li> Given the rapidly changing and unpredictable environment caused by the spread of the COVID-19 virus, the Company is withdrawing its guidance for 2020. </li>
            <li> National Instrument 43-101 (&#8220;NI 43-101&#8221;) Technical Reports for the Rainy River and New Afton mines were filed on SEDAR (www.sedar.com) on March 27, 2020. </li>
          </ul>
          <p> <b>Consolidated First Quarter Operational Results</b> </p>
          <table cellspacing="0" id="zc97087ad2ad84ca188704c00841e08c4" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

              <tr>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 103,435 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 66,790 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Copper production (Mlbs) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.5 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,458 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized copper price, per pound<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.56 </p>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="2">
                  <ol style="list-style-type: decimal;">
                    <li> Total gold equivalent ounces include silver and copper produced (excluding production from the Cerro San Pedro Mine) converted to a gold equivalent based on a ratio of $1,500 per gold ounce, $17.75 per silver ounce and $2.85 per
                      copper pound. Throughout the year the company will report gold equivalent ounces using a constant ratio of those prices. All copper is produced by the New Afton Mine. </li>
                    <li> Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release. </li>
                  </ol>
                </td>
              </tr>

          </table>
          <p> &#8220;We are pleased to report New Gold's operational results for the quarter, which are very encouraging when considering the 2-week suspension at Rainy River in the latter part of March as well as the enhanced COVID-19 safety protocols put in
            place at both operations. At the end of the quarter, we closed a strategic $300 million transaction with the Ontario Teachers Pension Plan, which strengthens our balance sheet and provides additional financial flexibility and enhanced
            liquidity.&#8221; stated Renaud Adams, CEO. &#8220;Throughout this challenging time, New Gold will continue to prioritize the safety and well-being of our employees and local communities and we will continue to work with our Indigenous and community
            leaders to implement and coordinate actions to reduce the risk of the spread of COVID-19.&#8221; </p>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
              <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
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          <p> <b>Rainy River Mine Highlights </b> </p>
          <table cellspacing="0" id="z4f8c13d1fe36443ba0ee376c2854b809" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

              <tr>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Rainy River Mine</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,106 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. sold (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 53,538 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 50,381 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold sold (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,782 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,455 </p>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="2">
                  <ol style="list-style-type: decimal;">
                    <li> Gold equivalent ounces for Rainy River in Q1 2020 includes 61265 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce and $17.75 per silver ounce. </li>
                    <li> Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release. </li>
                  </ol>
                </td>
              </tr>

          </table>
          <p> <b>Rainy River Operating KPI&#8217;s</b> </p>
          <table cellspacing="0" id="z94440268827e42dfbc026e76d6785889" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

              <tr>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Rainy River Mine</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>FY 2018</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q2 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q3 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q4 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes mined per day (ore and waste) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 108,392 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 111,679 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 114,544 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 111,078 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 136,124 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 127,684 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Ore tonnes mined per day </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 33,687 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,739 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 21,368 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18,220 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19,485 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 26,012 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Operating waste tonnes per day </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 47,128 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 62,955 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 82,488 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 75,206 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 74,020 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 75,596 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Capitalized waste tonnes per day </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 25,576 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 32,986 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 10,688 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,652 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 42,619 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 26,077 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total waste tonnes per day </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 74,705 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 95,941 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 93,176 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 92,858 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 116,639 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 101,673 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Strip ratio (waste: ore) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.22 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 6.10 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 4.36 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 5.10 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 5.99 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 3.91 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes milled per calendar day </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,934 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19,725 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 21,117 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 24,500 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 22,521 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18,441 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold grade milled (g/t) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.25 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.19 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.15 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.14 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.85 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1.03 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold recovery (%) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 86 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 90 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 93 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 91 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 91 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 90 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Mill availability (%) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 77 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 89 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 88 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 88 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 89 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 91 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (oz) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 227,284 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 61,557 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 66,013 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 75,080 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,122 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 50,381 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (oz) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 230,349 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 62,278 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 66,765 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 76,092 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,915 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 51,106 </p>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="7">
                  <ol style="list-style-type: decimal;">
                    <li> Gold equivalent ounces for Rainy River in Q1 2020 includes 61,265 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce and $17.75 per silver ounce. </li>
                  </ol>
                </td>
              </tr>

          </table>
          <ul style="list-style-type: disc;">
            <li> The Rainy River mine completed a temporary two-week shutdown from March 20 to April 2 that allowed the local workforce to follow a 14-day period of self-isolation relating to travel outside of Canada. On April 3, operations resumed with
              operations gradually ramping up over the coming weeks. <i>(refer to the Company's April 3, 2020 press release for further information) </i> </li>
            <li> The mine is primarily utilizing its local workforce and will steadily ramp-up operations over the coming weeks as we continue to assess different scenarios to safely reintroduce the non-local workforce into the daily operations to enhance
              our drilling and maintenance capacity. The mine is currently averaging approximately 100,000 tonnes per day, which is approximately 70% of the productivity achieved in the first quarter prior to the shutdown. </li>
            <li> The mill facility is currently processing ore directly supplied by the open pit mine combined with ore from the medium grade stockpile and is operating at full capacity. </li>
            <li> For the first quarter, the mine reported gold eq. production of 51,106 ounces (50,381 ounces of gold and 61,265 ounces of silver), including 12-days of downtime related to the suspension of operations. </li>
            <li> During the quarter, approximately 2.4 million ore tonnes and 9.3 million waste tonnes (including 2.4 million capitalized waste tonnes) were mined from the open pit at an average strip ratio of 3.91:1. Prior to the suspension of operations,
              the open pit was mining an average of approximately 140,000 tonnes per day in the first quarter. </li>
            <li> Mill throughput for the quarter averaged 18,441 tonnes per day, including the 12-days of downtime related to the suspension of operations in the quarter, as well as completion of maintenance projects and adjustments related to the grinding
              circuit early in the quarter. Adjustments to the grinding circuit, including the commissioning of the pebble crusher, were required to process harder ore feed, which contributed to lower run rates in January. Mill productivity achieved first
              quarter target levels of 24,000 tonnes per day in February and early March (prior to the suspension). </li>
            <li> Mill availability for the quarter averaged 91%, excluding the 12-days of downtime, in-line with plan. </li>
            <li> Gold recovery averaged 90% for the quarter, slightly above planned levels. </li>
            <li> Exploration activities included exploration reconnaissance target definition and drill campaign planning, aimed to commence upon the receipt of the required permits. </li>
          </ul>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
              <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
          </div>
          <p> <b>New Afton Mine Operational Highlights</b> </p>
          <table cellspacing="0" id="z4a69ccbe01a64f598b77f0788203f7af" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;"><b>New Afton Mine</b></td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-bottom: solid black 1.0pt;border-top: solid black 1.0pt;border-right: solid black 1.0pt;text-align: center; list-style-position:inside;background-color: #CCEEFF;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,329 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. sold (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 50,398 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,409 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold sold (ounces) </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,991 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Copper production (Mlbs) </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.5 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Copper sold (Mlbs) </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17.7 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 1,464 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Average realized copper price, per pound<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> </p>
                </td>
                <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2.56 </p>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="padding-left: 0.0px;border-right: solid black 1.0pt;border-left: solid black 1.0pt;border-bottom: solid black 1.0pt;" colspan="2">
                  <ol style="list-style-type: decimal;">
                    <li> Gold equivalent ounces for New Afton in Q1 2020 includes 18.5 pounds of copper and 70,152 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce, $2.85 per copper pound and $17.75 per silver
                      ounce. </li>
                    <li> Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release. </li>
                  </ol>
                </td>
              </tr>

          </table>
          <p> <b>New Afton Operating KPI&#8217;s</b> </p>
          <table cellspacing="0" id="z6d746aef49954004a33dd97c37bb4af4" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto; font-size: 10pt;">

              <tr>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>New Afton Mine</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>FY 2018</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q2 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q3 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q4 19</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-top: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;background-color: #CCEEFF;padding-left: 0.0px;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Q1 2020</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes mined per day (ore and waste) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,156 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,824 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,357 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,773 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,539 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,727 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Tonnes milled per calendar day </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,668 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,759 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 14,992 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,572 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,861 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,377 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold grade milled (g/t) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.53 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.50 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.53 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.43 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.42 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.45 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold recovery (%) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 85 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 80 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 79 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 81 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold production (oz) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 77,329 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 17,841 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19,203 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,007 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 15,734 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 16,409 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Copper grade milled (%) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.87 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.80 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.86 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.76 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.70 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 0.73 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Copper recovery (%) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 83 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 84 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 81 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 82 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Copper production (Mlbs) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 85.1 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 19.5 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 21.6 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 20.1 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.3 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 18.5 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Gold eq. production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (oz) </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 279,755 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 60,986 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 65,791 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,807 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 49,507 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;text-align: center; list-style-position:inside;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 52,329 </p>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="border-bottom: solid black 1.0pt;border-left: solid black 1.0pt;border-right: solid black 1.0pt;padding-left: 0.0px;" colspan="7">
                  <ol style="list-style-type: decimal;">
                    <li> Gold equivalent ounces for New Afton in Q1 2020 includes 18.5 pounds of copper and 70,152 ounces of silver converted to a gold equivalent based on a ratio of $1,500 per gold ounce, $2.85 per copper pound and $17.75 per silver
                      ounce. </li>
                  </ol>
                </td>
              </tr>

          </table>
          <ul style="list-style-type: disc;">
            <li> The mine produced 52,329 gold eq. ounces for the quarter (16,409 ounces of gold, and 18.5 million pounds of copper), gold production is above plan, while copper production is below plan. </li>
            <li> During the quarter, total development towards the B3 and C-zone advanced by approximately 1,231 metres, in-line with plan. B3 and C-zone development may be reduced in the coming weeks due to the implementation of COVID-19 protocols, which
              will temporarily impact productivity levels. </li>
            <li> The underground mine averaged 16,727 tonnes per day for the quarter, in-line with plan. </li>
            <li> The mill averaged 15,377 tonnes per day for the quarter, at an average gold and copper grade of 0.45 g/t gold and 0.73% copper, respectively, with copper grade lower than plan, at gold and copper recoveries of 81% and 82%, respectively.
              During the quarter, lower than planned copper grades were mined in a portion of the Lift 1 east cave, primarily due to higher than expected dilution rates that were encountered. </li>
            <li> Exploration activities in the quarter included underground delineation drilling on the East Extension zone and refinement of exploration targets for the planned drilling campaign within the Cherry Creek Trend area. </li>
          </ul>
          <p> <b>2020 Guidance and Financial Liquidity</b> </p>
          <p> The Company continues to assess the potential impacts of the COVID-19 pandemic on its 2020 production and cost structure during this unprecedented period. While operations continue at both mines, the Company believes it is prudent to
            temporarily withdraw our 2020 guidance as the global COVID-19 crisis continues to develop, particularly given the significant risk related to the potential for government laws, regulations or other measures that might be required that could
            impact our ability to operate, business disruptions in our supply chain, disruptions in the markets for our products, commodity prices generally as well as global health and economic impacts. </p>
          <p> The Company has a strong liquidity position of approximately $600 million, which management feels is more than adequate to fund our business during this period. Additionally, as approximately 90-95% of our costs are denominated in Canadian
            dollars, the Company benefits from favourable Canadian / U.S. foreign exchange rates. </p>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
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          </div>
          <p> <b>About New Gold Inc.</b> </p>
          <p> New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as the 100% owned Blackwater development project. The Company also operates
            the Cerro San Pedro Mine in Mexico (in reclamation). New Gold&#8217;s vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on the
            Company, visit www.newgold.com. </p>
          <p> <b>Cautionary Note Regarding Forward-Looking Statements</b> </p>
          <p> Certain information contained in this news release, including any information relating to New Gold&#8217;s future financial or operating performance are &#8220;forward looking&#8221;. All statements in this news release, other than statements of historical
            fact, which address events, results, outcomes or developments that New Gold expects to occur are &#8220;forward-looking statements&#8221;. 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 &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;targeted&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221;, &#8220;projects&#8221;, &#8220;potential&#8221;, &#8220;believes&#8221; or variations of such words and
            phrases or statements that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;should&#8221;, &#8220;might&#8221; or &#8220;will be taken&#8221;, &#8220;occur&#8221; or &#8220;be achieved&#8221; or the negative connotation of such terms. Forward-looking statements in this news release
            include, among others, statements with respect to: the Company&#8217;s anticipated course of action at the Rainy River mine and the systematic ramp-up of operations; the Company&#8217;s ability to reduce the risk of the spread of COVID-19; the timing of
            the Company&#8217;s expected release of additional details of the ramp-up, an update on our mid-term operational plans and our first quarter operational update and the adequacy of the Company&#8217;s liquidity position. </p>
          <p> All forward-looking statements in this news release 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&#8217;s
            ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this news release, New Gold&#8217;s latest annual management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;), its most recent annual
            information form and technical reports on the Rainy River Mine and New Afton Mine filed at www.sedar.com and on EDGAR at www.sec.gov. In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking
            statements in this news release are also subject to the following assumptions: (1) there being no significant disruptions affecting New Gold&#8217;s operations other than as set out herein; (2) political and legal developments in jurisdictions where
            New Gold operates, or may in the future operate, being consistent with New Gold&#8217;s current expectations; (3) the accuracy of New Gold&#8217;s current mineral reserve and mineral resource estimates; (4) the exchange rate between the Canadian dollar and
            U.S. dollar, and to a lesser extent, the Mexican Peso, being approximately consistent with current levels; (5) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with current levels; (6)
            equipment, labour and materials costs increasing on a basis consistent with New Gold&#8217;s current expectations; (7) arrangements with First Nations and other Aboriginal groups in respect of the New Afton Mine, Rainy River Mine and Blackwater
            project being consistent with New Gold&#8217;s current expectations, particularly in the context of the outbreak of COVID-19; (8) all required permits, licenses and authorizations being obtained from the relevant governments and other relevant
            stakeholders within the expected timelines and the absence of material negative comments during the applicable regulatory processes; (9) there being no new cases of COVID-19 in the Company&#8217;s workforce at either the Rainy River or New Afton Mine
            and the assumption that no additional members of the workforce are expected to be required to self-isolate due to cross-border travel to the United States or any other country; (10) the responses of the relevant governments to the COVID-19
            outbreak being sufficient to contain the impact of the COVID-19 outbreak; (11) there being no material disruption to the Company&#8217;s supply chains and workforce that would interfere with the Company&#8217;s anticipated course of action at the Rainy
            River mine and the systematic ramp-up of operations; (12) the Company being able to release of additional details of the ramp-up, an update on our mid-term operational plans and our first quarter operational update on the timing described
            herein; and (13) the long-term economic effects of the COVID-19 outbreak not having a material adverse impact on the Company&#8217;s operations or liquidity position. </p>
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          <p> 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 and the availability and management of capital resources;
            additional funding requirements; price volatility in the spot and forward markets for metals and other commodities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States
            and, to a lesser extent, Mexico; discrepancies between actual and estimated production, between actual and estimated mineral reserves and mineral resources and between actual and estimated metallurgical recoveries; risks related to early
            production at the Rainy River Mine, including failure of equipment, machinery, the process circuit or other processes to perform as designed or intended; fluctuation in treatment and refining charges; changes in national and local government
            legislation in Canada, the United States and, to a lesser extent, Mexico 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 in which New Gold operates, 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 New Gold is or may become a party to; diminishing quantities or grades of mineral reserves and mineral resources; competition;
            loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies; 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; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous groups; risks,
            uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements; there being cases of COVID-19 in the Company&#8217;s workforce at either the
            Rainy River or New Afton Mine, or both; the Company&#8217;s workforce at either the Rainy River Mine or the New Afton Mine, or both, being required to self-isolate due to cross-border travel to the United States or any other country; the responses of
            the relevant governments to the COVID-19 outbreak not being sufficient to contain the impact of the COVID-19 outbreak; disruptions to the Company&#8217;s supply chain and workforce due to the COVID-19 outbreak; an economic recession or downturn as a
            result of the COVID-19 outbreak that materially adversely affects the Company&#8217;s operations or liquidity position; the Company not being able to release additional details of the ramp-up, an update on our mid-term operational plans and our first
            quarter operational update on the timing described herein or at all; difficulties in demobilization or restart of operations due to various factors, including lack of availability of manpower or equipment. In addition, there are risks and
            hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses and
            risks associated with the start of production of a mine, such as Rainy River, (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as &#8220;Risk Factors&#8221; included in New Gold&#8217;s Annual Information Form,
            MD&amp;A and other disclosure documents filed on and available at www.sedar.com and on EDGAR at www.sec.gov. 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. </p>
          <p> <b>Non-GAAP Financial Performance Measures </b> </p>
          <p> Average Realized Price </p>
          <p> "Average realized price per ounce or pound sold" is a non-GAAP financial measure with no standard meaning under IFRS. Management uses this measure to better understand the price realized in each reporting period for gold, silver, and copper
            sales. Average realized price is intended to provide additional information only and does not have any standardized definition under IFRS; it should not be considered in isolation or as a substitute for measures of performance prepared in
            accordance with newgold.com 12 IFRS. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies. </p>
          <p> <b>Technical Information</b> </p>
          <p> The scientific and technical information contained herein has been reviewed and approved by Eric Vinet, Vice President, Technical Services of New Gold. Mr. Vinet is a Professional Engineer and member of the Ordre des ing&#233;nieurs du Qu&#233;bec. He
            is a "Qualified Person" for the purposes of NI 43-101. </p>
        </div>
        <div class="bw-release-contact">
          <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
          <p> <b>Anne Day </b><br>
            Vice President, Investor Relations <br>
            Direct: +1 (416) 324-6003 <br>
            Email: anne.day@newgold.com </p>
        </div>
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