Monday, September 25, 2017

New Gold Inc - NGD.t

New Gold Inc - NGD.t has a portfolio of four producing assets and two significant development projects. The New Afton Mine in Canada, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico.

The company owns 100% of the Rainy River and Blackwater projects, both in Canada, as well as a 4% gold stream on the El Morro project in Chile.

On September 6, 2017 the company released News

"New Gold Inc. ("New Gold") (TSX:NGD) (NYSE American:NGD) today provides an update on the construction of the company's Rainy River project, located in northwestern Ontario. Both the project schedule and capital cost estimate remain in line with New Gold's current plan (announced in late January 2017).
Rainy River August Highlights
  • The process plant underwent a successful closed loop mill test run with low grade ore
    • Ball mill and SAG mill tested successfully up to nameplate capacity
  • The mining rate during July averaged over 125,000 tonnes per day and accelerated to an average of over 135,000 tonnes per day in August