The CEO comments in NRs are often lightweight and fluffy. These from the NGD CEO today are not:
“Over the past number of quarters, the management team has advanced a
disciplined approach aimed at repositioning our operations for
profitability and free cash flow generation. As our operational
performance improved, we have been able to execute on strategic
opportunities to restructure our balance sheet and improve our liquidity
position as we enter the next phase of our growth strategy.” said
Renaud Adams, CEO. “As our operations return to pre-COVID levels and we
complete all non-recurring capital projects at Rainy River, we can now
take a longer-term perspective. New Gold’s future will be supported by
profitable operations, a stronger balance sheet, and as our current
hedges expire at year end, we will be fully exposed to the strengthened
gold price. We are excited to enter the next stage as we create a
Canadian-focused, diversified company that prioritizes profitability and
free cash flow generation. We also want to thank the entire New Gold
team and our partners for their dedication and hard work during this
challenging and unprecedented COVID-19 period as we continue to ensure
the safety and well-being of our employees and all our stakeholders.”