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New Gold Inc.
Summary
| Project: | Rainy River Mine | |
|---|---|---|
| Deposit: | Rainy River Mine | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-2-2019: New Gold Inc. announces a Resource Estimation report for its Rainy River Mine deposit at the Rainy River Mine project. Updated mineral resource and ore reserve estimate a Rainy River Mine. February 14, 2019 – New Gold Inc. (“New Gold” or the “C | |
| Resources: | (Reserve, P+P): 123.739Mt @ 1.05g/t Au, 3.0g/t Ag for 4.18Moz Au, 12.116Moz Ag contained | |
| CP/QP: | [Resources]: Mark Petersen (Independent) | |
| ABSTRACT: | February 14, 2019 – New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports fourth quarter and year-end results for the Company and provides updated Mineral Reserves and Resources as of December 31, 2018. (All amounts are in U.S. dollars unless otherwise indicated) A conference call and webcast will follow to discuss these results at 8:30 a.m. Eastern time. A technical discussion of the Company’s 2019 guidance outlook will follow the presentation of the fourth quarter and year-end financial results (details are provided at the end of this press release). “The fourth quarter was a turning point for the Company as operations at Rainy River continued to improve as part of our shortterm operational strategy to establish this asset for efficient and sustainable mining. Combined with the solid performance from the New Afton Mine, the Company reported a fourth quarter that delivered very encouraging results and we will build on that momentum in 2019,” stated Renaud Adams, President and CEO. “Our liquidity position will support the execution of our operational plan in 2019, which includes the completion of all remaining construction and mill upgrades at Rainy River that will position the asset for profitable operations beginning in 2020. We begin 2019 with a renewed vision for the future of the Company that is supported by a renewed focus on driving profitable mining at all our operations that will create sustainable value for shareholders.” | |
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