23 WWWNEW G O L D C O M TSXNGD NY SE Am er ic an NG D Contingencies In asse ssi ng the lo ss contin gen cie s rel a ted to legal proce edin g s th at are p endi n g again s t the Comp an y o r una sserted cl aims that ma y re sult in su ch p r o c eedi n g s the Co mp any a nd its le gal co un sel e v alu a te the percei v ed m e rits of an y le gal pro c e edin g s or una sse r ted clai ms a s well a s the perceived m e rits of the amount of reli ef sou ght o r exp e cte d to b e so ught If th e asse ssme n t of a conting ency sug g e s ts that a loss is pro babl e and the amou n t can ea sily b e estimated then a loss is reco rde d Wh en a contin ge nt loss i s not prob able but i s rea s o nabl y possibl e or is proba ble but the amount of the loss ca nn ot be reliabl y estimated then details o f the continge nt loss are discl osed Loss continge nci e s co n s id ered remote a r e g enerally not disclo sed unl ess they involve gu ara n tees in whi c h case the Comp an y disclo se s the nature of the guarantee s If the Co mpan y is una ble to resolve the s e di sp utes fa voura b ly it ma y ha ve a mat e rial a d verse impact on ou r financial co n d ition cash flow and re su lt s of operation s As at March 31 2020 an d 2019 there were no conti ngent lo sses recorded