07:24 AM EDT, 03/14/2025 (MT Newswires) -- New Gold ( NGD ) traded 2.2% higher at last look Friday in NYSE American pre-market trading after its tender offer for 7.50% senior notes due 2027 expired on Thursday.

The company said $288.8 million was tendered for $400 million of the notes.

New Gold ( NGD ) said it expects to accept for purchase all notes validly tendered and expects to make payment on March 18.

The company will pay with a portion of the proceeds from the issuance of $400 million of its 6.875% senior notes due 2032, which is expected to close on March 18.

New Gold ( NGD ) owns the Rainy River gold mine and the New Afton copper-gold mine in Canada.