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Basis of preparation and significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2021
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES |
Schedule of subsidiaries | The Principal Subsidiary of the Company is as follows:
Name of subsidiary(1) | Principal activity | Method of accounting | Country of incorporation and operation | Interest as at December 31, 2021 | Interest as at December 31, 2020
Minera San Xavier S.A. de C.V. | Reclamation | Consolidated | Mexico | 100% | 100%
1.New Gold Inc. directly owns the assets of Rainy River and New Afton.
Schedule of estimated useful life of property plant and equipment |
Asset class | Estimated useful life (years)
Plant and machinery | 3 - 9
Mobile equipment | 5 - 7

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