New Gold has three operating properties:

Mesquite, a gold heap-leach, run of mine operation which commenced production in 2008;

Peak Mines, a gold-copper underground mining operation that has been steadily increasing gold production, resources and mine life; and

Cerro San Pedro Mine, a gold-silver heap-leach operation which is located in central Mexico and began production in the first quarter of 2007.

On January 27, 2010, New Gold announced it had signed an agreement to sell the Amapari Mine to Beadell Resources Ltd. for $63 million.

In 2010, New Gold is forecasting between 330,000 and 360,000 ounces of gold production, 1.4 million and 1.6 million ounces of silver and 15 and 17 million pounds of copper. The 2010 total cash cost forecast is between $445 and $465 per ounce, net of by-product sales.

The following table summarizes gold production by operation:

	2007	2008	2009	2010 Forecast
Mesquite
Gold (thousand ounces)	N/A	108	99	145-155
Peak
Gold (thousand ounces)	116.5	100.5	93	90-100
Copper (million pounds)	7.49	8.25	15	15-17
Cerro San Pedro
Gold (thousand ounces)	26.3	84.6	95	95-105
Silver (million ounces)	0.4	1.1	1.5	1.4-1.6
Amapari Mine
Gold (thousand ounces)	96.4	87	13	---
Total
Gold (thousand ounces)	239.2	380.1	302	330-360
Copper (million pounds)	7.49	8.25	15	15-17
Silver (million ounces)	0.4	1.1	1.5	1.4-1.6