New Gold is an intermediate gold mining company. The company has a portfolio of five producing assets and one significant development project. The Rainy River Mine started operations in October 2017 and is the newest mine in Ontario. New Gold also operates the New Afton Mine in British Columbia, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico (which transitioned to residual leaching in 2016). In addition, New Gold owns 100% of the Blackwater project, located in British Columbia.
New Gold is committed to excellence in corporate social responsibility. We consider our ability to make a lasting and positive contribution to our host communities to be a key driver toward achieving a productive and profitable business. At New Gold, we contribute to sustainable development by ensuring we have an understanding of the impacts of our activities on local communities and the environment, and mitigating them. We apply this approach throughout the mine life cycle, from early exploration through development and operation, to decommissioning and mine closure.
New Gold is a signatory to, and business participant member of, the United Nations (UN) Global Compact. We joined the UN Global Compact because we share its principles on human rights, labour standards, care for the environment and anti-corruption. These principles guide our corporate policies and management standards, and set the framework for our Code of Business Conduct and Ethics.
When it comes to collaborating with our local Indigenous peoples, our approach is to be respectful and inclusive as we work to understand the goals and values of the communities in our areas of exploration, development and operation. We seek to engage early and meaningfully and to reach mutually beneficial agreements that reflect an understanding of the history of the area and its traditional uses. We aim to reach agreements that contribute to economic dynamism and social welfare and address the needs, concerns and aspirations of our local Indigenous communities.
In Canada, we support and encourage Indigenous peoples to participate in environmental audits, committees and reclamation projects. They also play a critical role in our efforts to bring traditional knowledge to the way we manage the environmental aspects of our mines, and we believe this plays a crucial role in successful project development. We offer education and training to our local communities and Indigenous peoples to support our policy of striving to hire locally and sourcing services and supplies from nearby.