New Gold Inc., a prominent player in the mining industry, is headquartered in Canada and operates primarily in North America. Founded in 1980, the company has established itself as a leader in the production of gold and copper, with significant operations in British Columbia and Ontario.
Specialising in the development and operation of mineral properties, New Gold is known for its flagship assets, including the Rainy River and New Afton mines. These projects are distinguished by their commitment to sustainable practices and innovative extraction techniques.
With a strong market position, New Gold has achieved notable milestones, including successful expansions and a focus on responsible mining. The company continues to enhance its reputation through strategic partnerships and a dedication to environmental stewardship, making it a key player in the global mining sector.
-1 vs industry average
New Gold’s score of 19 is lower than 44% 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
In 2024, New Gold, headquartered in Canada, reported total greenhouse gas emissions of approximately 143,435,000 kg CO2e. This total comprises 124,199,000 kg CO2e from Scope 1 emissions and 19,235,000 kg CO2e from Scope 2 emissions. Notably, New Gold has not disclosed any Scope 3 emissions data. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 30% by 2030, using a 2020 baseline. This target reflects a strategic focus on electrification and energy-reduction initiatives. In 2023, New Gold's emissions were approximately 155,687,000 kg CO2e, indicating a slight decrease in emissions from the previous year. New Gold's commitment to sustainability is further underscored by its GHG intensity metrics, which show a reduction in emissions per ounce of production over the years. The company continues to work towards its climate goals, demonstrating a proactive approach to managing its carbon footprint in the mining industry.
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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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