Aug 27 (Reuters) - New Gold Inc NGD.TO :
* Announces sale of el morro interest for $90 million cash and a 4% gold stream
* Says has entered into an agreement with Goldcorp to sell new gold's 30%
interest in the el morro project to Goldcorp
* Says will no longer be obligated to repay the $93 million in debt that
Goldcorp funded on the company's behalf
* Says expects to realize a non-cash loss of approximately $100 million on the
sale of its 30% interest in el morro
* When ore is sourced from el morro, gold production to average over 400,000
ounces per year
* Goldcorp and Teck Resources said they plan to combine el morro and relincho
projects into a 50/50 jv with interim name of project corridor
* Goldcorp and Teck are expecting to commence a pre-feasibility study in early
2016 which should be completed 12 to 18 months thereafter
* Source text for Eikon ID:nCNWZ221Qa
* Further company coverage NGD.TO