| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||
| Reporting Entity Name | New Gold Inc. | |||||||||||||||||||
| Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | Date submitted: | 5/23/2024 | ||||||||||||||
| Reporting Entity ESTMA Identification Number | E741962 | • Original Submission ∘ Amended Report | ||||||||||||||||||
Other Subsidiaries Included (optional field) | N/A | |||||||||||||||||||
| Not Consolidated | ||||||||||||||||||||
| Not Substituted | ||||||||||||||||||||
| Attestation by Reporting Entity | ||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | ||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Keith Murphy | Date | 5/21/2024 | |||||||||||||||||
| Position Title | Executive Vice President and Chief Financial Officer | |||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | New Gold Inc. | Currency of the Report | USD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E741962 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | |||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name 1 | Departments, Agency, etc… within Payee that Received Payments 2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes 3 4 | ||||||||||||||||||||||||
| Canada | Animakee Wa Zhing | 752,000 | 752,000 | ||||||||||||||||||||||||||||||||
| Canada | Anishinaabeg of Naongashiing | 420,000 | 420,000 | ||||||||||||||||||||||||||||||||
| Canada | Big Grassy First Nation | 70,000 | 205,000 | 275,000 | |||||||||||||||||||||||||||||||
| Canada | Naicatchewenin First Nation | 1,870,000 | 190,000 | 2,060,000 | Bonuses paid in kind through the issuance of Common Shares at the market price on the date of the issuance | ||||||||||||||||||||||||||||||
| Canada | Naotkamegwanning First Nation | 515,000 | 515,000 | ||||||||||||||||||||||||||||||||
| Canada | Ojibways of Onigaming First Nation | 130,000 | 130,000 | ||||||||||||||||||||||||||||||||
| Canada | Rainy River First Nation | 1,870,000 | 1,870,000 | ||||||||||||||||||||||||||||||||
| Canada | Township of Chapple | 550,000 | 110,000 | 660,000 | |||||||||||||||||||||||||||||||
| Canada | Stk'emlupsemc te Secwepemc Nation | 2,920,000 | 780,000 | 3,700,000 | |||||||||||||||||||||||||||||||
| Canada | Government of British Columbia | 1,300,000 | 580,000 | 1,880,000 | Minister of Finance, Commissioner, Mineral Tax Act, Surveyor of Tax, Ministry of Energy and Mines, Ministry of Forest | ||||||||||||||||||||||||||||||
| Mexico | Government of Mexico | Ministry of Finance | 90,000 | 160,000 | 250,000 | ||||||||||||||||||||||||||||||
| Additional Notes: | All payments to governments have been reported in our functional currency USD. Payments denominated in currencies other than USD were translated for this report using the weighted average exchange rate during the 2023 year. Payments made in CAD were translated for this report using the weighted average exchange rate during the 2023 year of 1 USD /0.7410 CAD Payments made in MXN were translated for this report using the weighted average exchange rate during the 2023 year of 1 USD /17.74 MXN | ||||||||||||||||||||||||||||||||||
1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | |||||||||||||||||||||||||||||||||||
2 Optional field. | |||||||||||||||||||||||||||||||||||
3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. | |||||||||||||||||||||||||||||||||||
4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. | |||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | ||||||||||||||||||||||||||||
| Reporting Entity Name | New Gold Inc. | Currency of the Report | USD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E741962 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | ||||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name 1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes 2 3 | ||||||||||||||||||||||
| Canada | New Afton | 1,300,000 | 2,920,000 | 580,000 | 780,000 | 5,580,000 | ||||||||||||||||||||||||||
| Canada | Rainy River | 550,000 | 4,492,000 | 180,000 | 1,270,000 | 6,492,000 | ||||||||||||||||||||||||||
| Canada | Corporate Office | 190,000 | 190,000 | Paid in kind through the issuance of Common Shares at the market price on the date of the issuance | ||||||||||||||||||||||||||||
| Mexico | Cerro San Pedro | 90,000 | 160,000 | 250,000 | ||||||||||||||||||||||||||||
Additional Notes 3: | All payments to governments have been reported in our functional currency USD. Payments denominated in currencies other than USD were translated for this report using the weighted average exchange rate during the 2023 year. Payments made in CAD were translated for this report using the weighted average exchange rate during the 2023 year of 1 USD /0.7410 CAD Payments made in MXN were translated for this report using the weighted average exchange rate during the 2023 year of 1 USD /17.74 MXN | |||||||||||||||||||||||||||||||
1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table. | ||||||||||||||||||||||||||||||||
2 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. | ||||||||||||||||||||||||||||||||
3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. | ||||||||||||||||||||||||||||||||
