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BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of subsidiaries

THE PRINCIPAL SUBSIDIARIES OF THE COMPANY ARE AS FOLLOWS:

						Country of		Interest as at		Interest as at
				Method of		incorporation and		December 31,		December 31,
Name of subsidiary/associate(1)		Principal activity		accounting		operation		2019		2018
Minera San Xavier S.A. de C.V.		Mining		Consolidated		Mexico		100	%	100	%

1. The Company sold Peak Gold Mines Pty Ltd in April 2018 and sold Western Mesquite Mines Inc. in October 2018.

2. New Gold Inc. directly owns the assets of Rainy River, New Afton and Blackwater.

Schedule of estimated useful life of property plant and equipment

Asset class		Estimated useful life (years)
Plant and machinery		3 – 13
Mobile equipment		5 – 7

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