# EDGAR Filing Document

**Accession Number:** 0000800166
**File Stem:** 0000800166-25-000020
**Filing Date:** 2025-7
**Character Count:** 112258
**Document Hash:** 550afa0a58c0a49b7e873a0a52572fce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000800166-25-000020.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0000800166-25-000020

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250703

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Gold Inc. /FI
- **CENTRAL INDEX KEY:** 0000800166
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31722
- **FILM NUMBER:** 251106684

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 181 BAY STREET, SUITE 3320
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5J 2T3
- **BUSINESS PHONE:** (416) 324-6000

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 181 BAY STREET, SUITE 3320
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5J 2T3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRC RESOURCES CORP                                      /FI
- **DATE OF NAME CHANGE:** 19860904

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form SD**

**Specialized Disclosure Report**

![image_0a.jpg](image_0a.jpg)

**New Gold Inc.**

Ontario, Canada

(State or other jurisdiction of incorporation)

001-31722

(Commission File Number)

Suite 3320 – 181 Bay Street

Toronto, Ontario M5J 2T3

Canada

(Address of principal executive office)

Keith Murphy

(416) 324 - 6000

(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ________________.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2024.

------

**SECTION 1 – CONFLICT MINERALS DISCLOSURE**

**Item 1.01 - Conflict Minerals Disclosure and Report**

Not applicable

**Item 1.02 - Exhibit**

Not applicable

**SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE**

**Item 2.01 Resource Extraction Issuer Disclosure and Report**

New Gold Inc. ("**New Gold**") is subject to Canada's Extractive Sector Transparency Measures Act ("**ESTMA**"). New Gold is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2024 to satisfy the requirements of Item 2.01. New Gold's ESTMA report is available on New Gold's website at <u>https://sustainability.newgold.com/reporting/</u> or on the Government of Canada's website at <u>https://natural-resources.canada.ca/estma-data</u>. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

**SECTION 3 – EXHIBITS**

**Item 3.01. Exhibits**

The following exhibit is filed as part of this report.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| <u>2.01</u> | <u>[Extractive Sector Transparency Measures Act – Annual Report for the year ended December 31, 2024.](ngestma2024.htm)</u> |

---

------

**SIGNATURES**

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 duly authorized undersigned.

---

| | | |
|:---|:---|:---|
| | | **NEW GOLD INC.** |
|  | By: | *<br>/s/ Keith Murphy* |
| Date: July 3, 2025 |  | Keith Murphy<br>Executive Vice President and Chief Financial Officer |

---

## Exhibit 2.01

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  <rxp:A id="f-165" contextRef="c-32" decimals="-3" unitRef="usd">798000</rxp:A>
  <rxp:P id="f-166" contextRef="c-32">rxp:Taxes</rxp:P>
  <rxp:Co id="f-167" contextRef="c-32">country:CA</rxp:Co>
  <rxp:Gv id="f-168" contextRef="c-32">ngd:TownshipOfChappleMember</rxp:Gv>
  <rxp:Pr id="f-169" contextRef="c-32">ngd:RainyRiverMember</rxp:Pr>
  <rxp:R id="f-170" contextRef="c-32">ngd:GoldSilverMember</rxp:R>
  <rxp:M id="f-171" contextRef="c-32">Open Pit</rxp:M>
  <rxp:A id="f-172" contextRef="c-33" decimals="-3" unitRef="usd">70000</rxp:A>
  <rxp:P id="f-173" contextRef="c-33">rxp:Fees</rxp:P>
  <rxp:Co id="f-174" contextRef="c-33">country:CA</rxp:Co>
  <rxp:Gv id="f-175" contextRef="c-33">ngd:TownshipOfChappleMember</rxp:Gv>
  <rxp:Pr id="f-176" contextRef="c-33">ngd:RainyRiverMember</rxp:Pr>
  <rxp:R id="f-177" contextRef="c-33">ngd:GoldSilverMember</rxp:R>
  <rxp:M id="f-178" contextRef="c-33">Open Pit</rxp:M>
  <rxp:A id="f-179" contextRef="c-34" decimals="-3" unitRef="usd">5700000</rxp:A>
  <rxp:P id="f-180" contextRef="c-34">rxp:Royalties</rxp:P>
  <rxp:Co id="f-181" contextRef="c-34">country:CA</rxp:Co>
  <rxp:Gv id="f-182" contextRef="c-34">ngd:StkemlupsemcTeSecwepemcNationMember</rxp:Gv>
  <rxp:Pr id="f-183" contextRef="c-34">ngd:NewAftonMember</rxp:Pr>
  <rxp:R id="f-184" contextRef="c-34">ngd:GoldCopperMember</rxp:R>
  <rxp:M id="f-185" contextRef="c-34">Underground Mining</rxp:M>
  <rxp:A id="f-186" contextRef="c-35" decimals="-3" unitRef="usd">3340000</rxp:A>
  <rxp:P id="f-187" contextRef="c-35">rxp:Bonuses</rxp:P>
  <rxp:Co id="f-188" contextRef="c-35">country:CA</rxp:Co>
  <rxp:Gv id="f-189" contextRef="c-35">ngd:StkemlupsemcTeSecwepemcNationMember</rxp:Gv>
  <rxp:Pr id="f-190" contextRef="c-35">ngd:NewAftonMember</rxp:Pr>
  <rxp:R id="f-191" contextRef="c-35">ngd:GoldCopperMember</rxp:R>
  <rxp:M id="f-192" contextRef="c-35">Underground Mining</rxp:M>
  <rxp:A id="f-193" contextRef="c-36" decimals="-3" unitRef="usd">3131000</rxp:A>
  <rxp:P id="f-194" contextRef="c-36">rxp:Taxes</rxp:P>
  <rxp:Co id="f-195" contextRef="c-36">country:CA</rxp:Co>
  <rxp:Gv id="f-196" contextRef="c-36">ngd:GovernmentOfBritishColumbiaMember</rxp:Gv>
  <rxp:Pr id="f-197" contextRef="c-36">ngd:NewAftonMember</rxp:Pr>
  <rxp:R id="f-198" contextRef="c-36">ngd:GoldCopperMember</rxp:R>
  <rxp:M id="f-199" contextRef="c-36">Underground Mining</rxp:M>
  <rxp:A id="f-200" contextRef="c-37" decimals="-3" unitRef="usd">508000</rxp:A>
  <rxp:P id="f-201" contextRef="c-37">rxp:Fees</rxp:P>
  <rxp:Co id="f-202" contextRef="c-37">country:CA</rxp:Co>
  <rxp:Gv id="f-203" contextRef="c-37">ngd:GovernmentOfBritishColumbiaMember</rxp:Gv>
  <rxp:Pr id="f-204" contextRef="c-37">ngd:NewAftonMember</rxp:Pr>
  <rxp:R id="f-205" contextRef="c-37">ngd:GoldCopperMember</rxp:R>
  <rxp:M id="f-206" contextRef="c-37">Underground Mining</rxp:M>
  <rxp:A id="f-207" contextRef="c-38" decimals="-3" unitRef="usd">407000</rxp:A>
  <rxp:P id="f-208" contextRef="c-38">rxp:Taxes</rxp:P>
  <rxp:Co id="f-209" contextRef="c-38">country:MX</rxp:Co>
  <rxp:Gv id="f-210" contextRef="c-38">ngd:GovernmentOfMexicoMinistryOfFinanceMember</rxp:Gv>
  <rxp:Pr id="f-211" contextRef="c-38">ngd:CSPMember</rxp:Pr>
  <rxp:R id="f-212" contextRef="c-38">ngd:GoldSilverMember</rxp:R>
  <rxp:M id="f-213" contextRef="c-38">Open Pit</rxp:M>
</xbrli:xbrl>
</XBRL>

```

## Exhibit 2.01

```

<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

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          <link:loc xlink:type="locator" xlink:label="loc_ngd_OjibwaysOfOnigamingFirstNationMember_411fc8df-4003-414e-93da-389cb3f7139b" xlink:href="ngd-20241231.xsd#ngd_OjibwaysOfOnigamingFirstNationMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllGovernmentsMember" xlink:to="loc_ngd_OjibwaysOfOnigamingFirstNationMember_411fc8df-4003-414e-93da-389cb3f7139b" xlink:type="arc" order="7"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_RainyRiverFirstNationMember_e0e96266-8609-46bd-b19b-b9b55a20fa54" xlink:href="ngd-20241231.xsd#ngd_RainyRiverFirstNationMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllGovernmentsMember" xlink:to="loc_ngd_RainyRiverFirstNationMember_e0e96266-8609-46bd-b19b-b9b55a20fa54" xlink:type="arc" order="8"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_TownshipOfChappleMember_4ebb9ea4-31d0-44bf-9a77-57bad135f8f4" xlink:href="ngd-20241231.xsd#ngd_TownshipOfChappleMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllGovernmentsMember" xlink:to="loc_ngd_TownshipOfChappleMember_4ebb9ea4-31d0-44bf-9a77-57bad135f8f4" xlink:type="arc" order="9"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_StkemlupsemcTeSecwepemcNationMember_935bbf5d-249e-4db1-8578-960492a56a37" xlink:href="ngd-20241231.xsd#ngd_StkemlupsemcTeSecwepemcNationMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllGovernmentsMember" xlink:to="loc_ngd_StkemlupsemcTeSecwepemcNationMember_935bbf5d-249e-4db1-8578-960492a56a37" xlink:type="arc" order="10"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GovernmentOfBritishColumbiaMember_67cfa367-cbb3-4990-b10b-df9fdc22649f" xlink:href="ngd-20241231.xsd#ngd_GovernmentOfBritishColumbiaMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllGovernmentsMember" xlink:to="loc_ngd_GovernmentOfBritishColumbiaMember_67cfa367-cbb3-4990-b10b-df9fdc22649f" xlink:type="arc" order="11"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GovernmentOfMexicoMinistryOfFinanceMember_111ba156-4502-4d10-9a8e-0894bc3cc151" xlink:href="ngd-20241231.xsd#ngd_GovernmentOfMexicoMinistryOfFinanceMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllGovernmentsMember" xlink:to="loc_ngd_GovernmentOfMexicoMinistryOfFinanceMember_111ba156-4502-4d10-9a8e-0894bc3cc151" xlink:type="arc" order="12"/>
        </link:definitionLink>
        <link:roleRef roleURI="http://xbrl.sec.gov/rxp/role/ResourcesOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#ResourcesOnly"/>
        <link:definitionLink xlink:role="http://xbrl.sec.gov/rxp/role/ResourcesOnly" xlink:type="extended">
          <link:loc xlink:type="locator" xlink:label="loc_rxp_AllResourcesMember" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#rxp_AllResourcesMember"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GoldSilverMember_a99fcd79-de84-4dbd-a181-e0be5a94afdb" xlink:href="ngd-20241231.xsd#ngd_GoldSilverMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllResourcesMember" xlink:to="loc_ngd_GoldSilverMember_a99fcd79-de84-4dbd-a181-e0be5a94afdb" xlink:type="arc" order="1"/>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GoldCopperMember_5f0dc7e4-6fc3-45ec-94db-9a4bdad6a676" xlink:href="ngd-20241231.xsd#ngd_GoldCopperMember"/>
          <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxp_AllResourcesMember" xlink:to="loc_ngd_GoldCopperMember_5f0dc7e4-6fc3-45ec-94db-9a4bdad6a676" xlink:type="arc" order="2"/>
        </link:definitionLink>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
        <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
        <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
          <link:label id="lab_ngd_AnimakeeWaZhingMember_label_en-US" xlink:label="lab_ngd_AnimakeeWaZhingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Animakee Wa Zhing [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_AnimakeeWaZhingMember" xlink:href="ngd-20241231.xsd#ngd_AnimakeeWaZhingMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_AnimakeeWaZhingMember" xlink:to="lab_ngd_AnimakeeWaZhingMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_OjibwaysOfOnigamingFirstNationMember_label_en-US" xlink:label="lab_ngd_OjibwaysOfOnigamingFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ojibways of Onigaming First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_OjibwaysOfOnigamingFirstNationMember" xlink:href="ngd-20241231.xsd#ngd_OjibwaysOfOnigamingFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_OjibwaysOfOnigamingFirstNationMember" xlink:to="lab_ngd_OjibwaysOfOnigamingFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_GovernmentOfMexicoMinistryOfFinanceMember_label_en-US" xlink:label="lab_ngd_GovernmentOfMexicoMinistryOfFinanceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government of Mexico - Ministry of Finance [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GovernmentOfMexicoMinistryOfFinanceMember" xlink:href="ngd-20241231.xsd#ngd_GovernmentOfMexicoMinistryOfFinanceMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_GovernmentOfMexicoMinistryOfFinanceMember" xlink:to="lab_ngd_GovernmentOfMexicoMinistryOfFinanceMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_CSPMember_label_en-US" xlink:label="lab_ngd_CSPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CSP [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_CSPMember" xlink:href="ngd-20241231.xsd#ngd_CSPMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_CSPMember" xlink:to="lab_ngd_CSPMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_TownshipOfChappleMember_label_en-US" xlink:label="lab_ngd_TownshipOfChappleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Township of Chapple [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_TownshipOfChappleMember" xlink:href="ngd-20241231.xsd#ngd_TownshipOfChappleMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_TownshipOfChappleMember" xlink:to="lab_ngd_TownshipOfChappleMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_BigGrassyRiverFirstNationMember_label_en-US" xlink:label="lab_ngd_BigGrassyRiverFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Big Grassy River First Nation [Member]</link:label>
          <link:label id="lab_ngd_BigGrassyRiverFirstNationMember_documentation_en-US" xlink:label="lab_ngd_BigGrassyRiverFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Big Grassy River First Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_BigGrassyRiverFirstNationMember" xlink:href="ngd-20241231.xsd#ngd_BigGrassyRiverFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_BigGrassyRiverFirstNationMember" xlink:to="lab_ngd_BigGrassyRiverFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_GovernmentOfBritishColumbiaMember_label_en-US" xlink:label="lab_ngd_GovernmentOfBritishColumbiaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government of British Columbia [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GovernmentOfBritishColumbiaMember" xlink:href="ngd-20241231.xsd#ngd_GovernmentOfBritishColumbiaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_GovernmentOfBritishColumbiaMember" xlink:to="lab_ngd_GovernmentOfBritishColumbiaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_RainyRiverMember_label_en-US" xlink:label="lab_ngd_RainyRiverMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rainy River [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_RainyRiverMember" xlink:href="ngd-20241231.xsd#ngd_RainyRiverMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_RainyRiverMember" xlink:to="lab_ngd_RainyRiverMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_RainyRiverFirstNationMember_label_en-US" xlink:label="lab_ngd_RainyRiverFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rainy River First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_RainyRiverFirstNationMember" xlink:href="ngd-20241231.xsd#ngd_RainyRiverFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_RainyRiverFirstNationMember" xlink:to="lab_ngd_RainyRiverFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_country_CA_label_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_country_CA" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CA"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CA" xlink:to="lab_country_CA" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_AnishinaabegOfNaongashiingMember_label_en-US" xlink:label="lab_ngd_AnishinaabegOfNaongashiingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Anishinaabeg of Naongashiing [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_AnishinaabegOfNaongashiingMember" xlink:href="ngd-20241231.xsd#ngd_AnishinaabegOfNaongashiingMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_AnishinaabegOfNaongashiingMember" xlink:to="lab_ngd_AnishinaabegOfNaongashiingMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_NaicatcheweninFirstNationMember_label_en-US" xlink:label="lab_ngd_NaicatcheweninFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Naicatchewenin First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_NaicatcheweninFirstNationMember" xlink:href="ngd-20241231.xsd#ngd_NaicatcheweninFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_NaicatcheweninFirstNationMember" xlink:to="lab_ngd_NaicatcheweninFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_StkemlupsemcTeSecwepemcNationMember_label_en-US" xlink:label="lab_ngd_StkemlupsemcTeSecwepemcNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stk'emlupsemc te Secwepemc Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_StkemlupsemcTeSecwepemcNationMember" xlink:href="ngd-20241231.xsd#ngd_StkemlupsemcTeSecwepemcNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_StkemlupsemcTeSecwepemcNationMember" xlink:to="lab_ngd_StkemlupsemcTeSecwepemcNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_NewAftonMember_label_en-US" xlink:label="lab_ngd_NewAftonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Afton [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_NewAftonMember" xlink:href="ngd-20241231.xsd#ngd_NewAftonMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_NewAftonMember" xlink:to="lab_ngd_NewAftonMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_NaotkamegwanningFirstNationMember_label_en-US" xlink:label="lab_ngd_NaotkamegwanningFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Naotkamegwanning First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_NaotkamegwanningFirstNationMember" xlink:href="ngd-20241231.xsd#ngd_NaotkamegwanningFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_NaotkamegwanningFirstNationMember" xlink:to="lab_ngd_NaotkamegwanningFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_MetisNationOfOntarioMember_label_en-US" xlink:label="lab_ngd_MetisNationOfOntarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Metis Nation of Ontario [Member]</link:label>
          <link:label id="lab_ngd_MetisNationOfOntarioMember_documentation_en-US" xlink:label="lab_ngd_MetisNationOfOntarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Metis Nation of Ontario</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_MetisNationOfOntarioMember" xlink:href="ngd-20241231.xsd#ngd_MetisNationOfOntarioMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_MetisNationOfOntarioMember" xlink:to="lab_ngd_MetisNationOfOntarioMember" xlink:type="arc" order="1"/>
          <link:label id="lab_country_MX_label_en-US" xlink:label="lab_country_MX" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MEXICO</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_country_MX" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_MX"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_MX" xlink:to="lab_country_MX" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_GoldSilverMember_label_en-US" xlink:label="lab_ngd_GoldSilverMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gold, Silver [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GoldSilverMember" xlink:href="ngd-20241231.xsd#ngd_GoldSilverMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_GoldSilverMember" xlink:to="lab_ngd_GoldSilverMember" xlink:type="arc" order="1"/>
          <link:label id="lab_ngd_GoldCopperMember_label_en-US" xlink:label="lab_ngd_GoldCopperMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gold, Copper [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_ngd_GoldCopperMember" xlink:href="ngd-20241231.xsd#ngd_GoldCopperMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ngd_GoldCopperMember" xlink:to="lab_ngd_GoldCopperMember" xlink:type="arc" order="1"/>
        </link:labelLink>
      </link:linkbase>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="ngd_NewAftonMember" abstract="true" name="NewAftonMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_RainyRiverMember" abstract="true" name="RainyRiverMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_CSPMember" abstract="true" name="CSPMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_AnimakeeWaZhingMember" abstract="true" name="AnimakeeWaZhingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_AnishinaabegOfNaongashiingMember" abstract="true" name="AnishinaabegOfNaongashiingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_BigGrassyRiverFirstNationMember" abstract="true" name="BigGrassyRiverFirstNationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_MetisNationOfOntarioMember" abstract="true" name="MetisNationOfOntarioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_NaicatcheweninFirstNationMember" abstract="true" name="NaicatcheweninFirstNationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_NaotkamegwanningFirstNationMember" abstract="true" name="NaotkamegwanningFirstNationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_OjibwaysOfOnigamingFirstNationMember" abstract="true" name="OjibwaysOfOnigamingFirstNationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_RainyRiverFirstNationMember" abstract="true" name="RainyRiverFirstNationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_TownshipOfChappleMember" abstract="true" name="TownshipOfChappleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_StkemlupsemcTeSecwepemcNationMember" abstract="true" name="StkemlupsemcTeSecwepemcNationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_GovernmentOfBritishColumbiaMember" abstract="true" name="GovernmentOfBritishColumbiaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_GovernmentOfMexicoMinistryOfFinanceMember" abstract="true" name="GovernmentOfMexicoMinistryOfFinanceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_GoldSilverMember" abstract="true" name="GoldSilverMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ngd_GoldCopperMember" abstract="true" name="GoldCopperMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
</xs:schema>
</XBRL>

```

## Exhibit 99.1

**Exhibit 2.01**

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report |  |  |
| **Reporting Entity Name** | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. |  |  |
| **Reporting Year** | **From:** | 1/1/2024 | **To:** | 12/31/2024 | **Date submitted:** | 5/29/2025 |  |  |
| **Reporting Entity ESTMA Identification Number** | E741962 | E741962 | • Original Submission<br>∘ Amended Report | • Original Submission<br>∘ Amended Report |  |  |  |  |
| **Reporting Entity ESTMA Identification Number** | E741962 | E741962 | • Original Submission<br>∘ Amended Report | • Original Submission<br>∘ 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.* | *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.* | *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.* | *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.* | *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.* | *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.* | *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** | **Keith Murphy** | **Keith Murphy** | **Keith Murphy** | **Date** | *5/29/2025* |  |  |
| **Position Title** | **Executive Vice President and Chief Financial Officer** | **Executive Vice President and Chief Financial Officer** | **Executive Vice President and Chief Financial Officer** | **Executive Vice President and Chief Financial Officer** |  |  |  |  |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report |
| **Reporting Year** | **From:** | 1/1/2024 | **To:** | 12/31/2024 |  |  |  |  |  |  |  |
| **Reporting Entity Name** | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. | **Currency of the Report** | **Currency of the Report** | USD |  |  |  |
| **Reporting Entity ESTMA Identification Number** | E741962 | E741962 | E741962 | E741962 | E741962 |  |  |  |  |  |  |
| **Subsidiary Reporting Entities (if necessary)** |  |  |  |  |  |  |  |  |  |  |  |
| **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** |
| Country | Payee Name <sup>1</sup> | Departments, Agency, etc… within Payee that Received Payments <sup>2</sup> | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes <sup>3 4</sup> |
| Canada | Animakee Wa Zhing |  |  | 785000 |  |  | 22000 |  |  | **807000** |  |
| Canada | Anishinaabeg of Naongashiing |  |  |  |  | 257000 | 243000 |  |  | **500000** |  |
| Canada | Big Grassy First Nation |  |  |  | 10000 | 279000 |  |  |  | **289000** |  |
| Canada | Metis Nation of Ontario |  |  |  |  |  | 80000 |  |  | **80000** |  |
| Canada | Naicatchewenin First Nation |  |  | 1996000 |  |  | 19000 |  |  | **2015000** |  |
| Canada | Naotkamegwanning First Nation |  |  |  |  | 110000 | 44000 |  |  | **154000** |  |
| Canada | Ojibways of Onigaming First Nation |  |  |  |  | 132000 | 35000 |  |  | **167000** |  |
| Canada | Rainy River First Nation |  |  | 1996000 |  |  | 19000 |  |  | **2015000** |  |
| Canada | Township of Chapple |  | 798000 |  | 70000 |  |  |  |  | **868000** |  |
| Canada | Stk'emlupsemc te Secwepemc Nation |  |  | 5700000 |  |  | 3340000 |  |  | **9040000** |  |
| Canada | Government of British Columbia |  | 3131000 |  | 508000 |  |  |  |  | **3639000** | Minister of Finance, Commissioner, Mineral Tax Act, Surveyor of Tax, Ministry of Energy and Mines, Mineral Titles On-Line, Ministry of Environment and Climate Changes Strategy, Ministry of Forests, Land & Natural Resources, Kamloops Ministry of Forestry |
| Mexico | Government of Mexico | Ministry of Finance | 407000 |  |  |  |  |  |  | **407000** |  |
| **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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN |
| <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | <sup>1</sup> Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). |
| <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. | <sup>2</sup> Optional field. |
| <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. |
| <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. |

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report | Extractive Sector Transparency Measures Act - Annual Report |
| **Reporting Year** | **From:** | 1/1/2024 | **To:** | 12/31/2024 |  |  |  |  |  |  |
| **Reporting Entity Name** | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. | New Gold Inc. | **Currency of the Report** | **Currency of the Report** | USD |  |  |
| **Reporting Entity ESTMA Identification Number** | E741962 | E741962 | E741962 | E741962 | E741962 |  |  |  |  |  |
| **Subsidiary Reporting Entities (if necessary)** |  |  |  |  |  |  |  |  |  |  |
| **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** |
| Country | Project Name <sup>1</sup> | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes <sup>2 3</sup> |
| Canada | New Afton | 3131000 | 5700000 | 508000 |  | 3340000 |  |  | **12679000** |  |
| Canada | Rainy River | 798000 | 4777000 | 80000 | 778000 | 462000 |  |  | **6895000** |  |
| Mexico | Cerro San Pedro | 407000 |  |  |  |  |  |  | **407000** |  |
| **Additional Notes** <sup>3</sup>**:** | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN | 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 2024 year.<br>Payments made in CAD were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /0.7302 CAD<br>Payments made in MXN were translated for this report using the weighted average exchange rate during the 2024 year of 1 USD /18.31 MXN |
| <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. |
| <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. | <sup>2</sup> 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. |
| <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. | <sup>3</sup> 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. |

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