In other recent news, New Gold Inc. announced the pricing of a $400 million offering of 6.875% Senior Notes due 2032, with plans to use the proceeds to repurchase its outstanding 7.50% senior notes due 2027. This move is part of a broader financial strategy to manage its debt and improve liquidity. In another development, New Gold has agreed to purchase the remaining 19.9% free cash flow interest in the New Afton mine from the Ontario Teachers' Pension Plan for $300 million, effectively consolidating its ownership of the mine. Scotiabank (TSX: BNS ) responded to this acquisition by raising New Gold's stock target to $4.25, maintaining a Sector Outperform rating. Furthermore, S&P Global Ratings upgraded New Gold's issuer credit rating from 'B' to 'B+', citing stronger-than-expected cash flows and leverage measures. Moody's also revised its outlook on New Gold from stable to positive, assigning a B3 rating to the new senior unsecured notes due in 2032.