New Gold Inc., commonly referred to as New Gold, is a prominent player in the precious metal ores and concentrates industry, headquartered in Canada. Founded in 1980, the company has established a strong presence in key operational regions, including British Columbia and Ontario, focusing on the exploration, development, and production of gold and copper.
New Gold's core offerings include high-quality gold and copper concentrates, distinguished by their sustainable mining practices and commitment to environmental stewardship. The company has achieved notable milestones, including the successful operation of its Rainy River and New Afton mines, which contribute significantly to its market position. With a dedication to innovation and responsible mining, New Gold continues to solidify its reputation as a leader in the precious metals sector.
-1 vs industry average
New Gold’s score of 19 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Precious Metal Mining has above-average carbon intensity
Industry performance
The Precious Metal Mining industry has reduced its overall emissions by 64% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
New Gold's reported carbon emissions
New Gold, a precious metal ores and concentrates company headquartered in CA, is committed to reducing its greenhouse gas (GHG) emissions. The company aims to cut its Scope 1 and Scope 2 emissions by 30% by 2030, using 2020 as its baseline year. This target is driven by strategies focused on increased electrification and energy reduction. In terms of reported emissions, for the year 2024, New Gold reported Scope 1 emissions of approximately 124,199,000 kg CO2e and Scope 2 emissions of approximately 19,235,000 kg CO2e. For 2023, Scope 1 emissions were approximately 140,464,000 kg CO2e, with Scope 2 emissions at approximately 15,224,000 kg CO2e. Looking back to 2022, Scope 1 emissions were around 151,247,000 kg CO2e and Scope 2 emissions were about 11,058,000 kg CO2e. In 2021, Scope 1 emissions totalled approximately 161,475,000 kg CO2e, and Scope 2 emissions were about 8,830,000 kg CO2e. For 2020, Scope 1 emissions were approximately 157,942,000 kg CO2e, and Scope 2 emissions were approximately 10,334,000 kg CO2e. In 2019, Scope 1 emissions were approximately 163,709,000 kg CO2e, with Scope 2 emissions at approximately 7,686,000 kg CO2e. New Gold's sustainability reports also indicate a GHG intensity across operations. In 2024, this intensity was reported at approximately 340.0 per ounce. This figure was approximately 370.0 per ounce in 2023, approximately 470.0 per ounce in 2022, approximately 410.0 per ounce in 2021, and approximately 380.0 per ounce in 2020. The company has stated its goal to reduce Scope 1 and 2 emissions by 30% by 2030 from the 2020 baseline. Recent reporting suggests the company is on track for its Scope 1 emissions target for the five-year and two-year outlooks, and also for its Scope 2 emissions target for the five-year outlook. However, the two-year outlook for Scope 2 emissions is not on track. New Gold's data is not cascaded from a parent organisation. It's important to note that Scope 3 emissions data is currently not disclosed, with "purchased goods and services" being a missing data point.
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New Gold’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in Scope 1
New Gold’s goal is to reduce Scope 1 and 2 emissions by 30 percent by 2030 from our 2020 baseline year.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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New Gold
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