Development of the underground mine began in the second half of 2018. - New Gold Inc. (TSX: NGD, NYSE American: NGD) reported a loss during the first quarter, which was impacted by a temporary closure of the Rainy River Mine due to government rules to fight the global COVID-19 pandemic, the company announced Wednesday. New COVID-19 case in Rainy River area-19°C -25°C with windchill Home COVID-19 Info News Local News ... Staff with the Northwestern Health Unit have confirmed a positive test result of COVID-19 in the Rainy River district. All residents are asked to assume COVID … Lower gold … Even at the height of summer and amid a global pandemic, days start early at New Gold Inc.'s silver and gold mine in Rainy River, Ont. As always, contact tracing has begun and anyone identified as a potential contact will be reached directly by health unit staff. July 14, 2020- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) reports preliminary second quarter results from the Rainy River and New Afton mines. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as … According to the new plan, open-pit mining at Rainy River will operate at a lower strip ratio from 2020 to 2024, with open-pit mining ceasing completely in 2025. New Gold’s Rainy River mine is located about 65 kilometres north of Fort Frances, Ont., which straddles the U.S. border. Total gold of 66,790 ounces. Cerro San Pedro Mine. Rainy River commenced processing ore on September 14, 2017 and completed its first gold pour on October 5, 2017. The amount consisted of 18.5 million pounds of copper, 50,381,000 gold ounces from Rainy River and 16,409 gold ounces from New Afton. Rising gold prices have given miners of the precious metal a steady lift in the past year as investors flock to safe-haven assets amid turbulent global macroeconomic environment such as the coronavirus outbreak. The adjusted loss was put at $18 million, or 3 cents per share per share. TORONTO — April 3, 2020 – New Gold Inc.(“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports that the Rainy River mine has begun a systematic ramp-up of operations following the completion of a voluntary 14-day suspension to adhere to provincial and federal COVID-19 guidelines related to out-of-country travel that impacted a significant portion of the local workforce. Lower gold … Police in Mutawatawa managed to retrieve the body of Norman Nyamunda (42) while Keith Tigere (23) is still missing despite efforts by the sub-aqua-unit to locate him. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New … In the sane period of 2019, New Gold’s adjusted loss was $2 … AN illegal gold panner was found dead while his colleague is missing after they parked their vehicles on the banks of Mazowe River in Pfungwe before they were swept away by floods. New Gold (NYSEMKT:NGD) says it has temporarily suspended operations at its Rainy River mine in Canada so that workers can follow a 14-day self-isolation period to combat the coronavirus. Rainy River Project. New Afton Mine . New Gold Inc. said it has agreed to buy Rainy River Resources Ltd. in a friendly deal that it says values Rainy River at about C$310 million. April 15, 2020 – New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) reports preliminary first quarter operational results from the Rainy River and New Afton mines. New Gold Inc. is a Canadian mining company that owns and operates the New Afton gold-silver-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario, Canada. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as … The amount consisted of 16.9 million pounds of copper, 48,800 gold ounces from Rainy and 15,500 gold ounces from New Afton for a total of 64,294 gold ounces. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New … During 2013, New Gold achieved the lowest … Portfolio of assets in top-rated jurisdictions. Peak Mines. Rainy River is an exciting new project underway in New Gold’s robust growth pipeline. The Rainy River Mine produced 49,633 gold eq. Mesquite Mine. - New Gold Inc. (TSX, NYSE American: NGD) has suspended operations at its Rainy River Mine for two weeks so workers can follow the 14-day self-isolation recommended by Canadian authorities for travel outside of the country due to the COVID-19 virus, the company announced Friday. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New … New Gold’s Rainy River Mine located 65 km northwest of Fort Frances, Ontario, in the southern half of Richardson Township. Acquired in October 2013 at an advantageous price, Rainy River has the potential to boost our Company’s total annual gold production by 75 percent after its planned start-up in mid-2017, and truly lift New Gold to the next level. New Gold Inc. (TSX, NYSE American: NGD) released updated life-of-mine plans for Rainy River and New Afton Thursday, as well as reporting a fourth-quarter adjusted loss that came in around expectations.The life-of-mine plans call for cumulative free cash-flow generation that could exceed $1 billion at both Rainy River and New Afton. The smaller size of the open pit will reduce spending and provide value even with reduced gold reserves, according to the company. One new COVID-19 case in District of Rainy River The Northwestern Health Unit now has five active cases, compared with 116 in the District of Thunder Bay. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. However, New Gold has struggled to benefit from this surge amid missteps at its Rainy River … Commercial production followed on October 19, 2017. As required under section 6.2(1) of the Environmental Assessment Act and according to the Terms of Reference approved by the Minister of the Environment and Climate Change on May 1, 2013, New Gold submitted its … The Company also holds an 8% gold stream on the Artemis Gold Blackwater project located in British Columbia and a 6% equity stake in Artemis. The Company also operates the Cerro San Pedro Mine in Mexico (in reclamation). Rainy River commenced processing ore on September 14, 2017 and completed its first gold pour on October 5, 2017. ounces (48,800 ounces of gold and 70,394 ounces of silver) for the quarter. Commercial production followed on October 19, 2017. El Morro Project. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines. The mine’s technical report from July 2018 had open-pit mining scheduled to cease by 2026. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New … New Gold Inc. (formerly Rainy River Resources Ltd.) has completed the environmental assessment for the proposed Rainy River Project, an open pit and underground gold mine. Projects. New Gold Inc. is engaged in the operation, development and exploration of mineral properties. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New … Blackwater Project. New Afton emerged as New Gold’s most valuable operating asset in 2013, generating more earnings and cash flow than the Company’s other operations combined. New Gold’s Rainy River Mine located 65 km northwest of Fort Frances, Ontario, in the southern half of Richardson Township. The company says the project, located in Ontario, is both on schedule and on budget. Rainy River is an exciting new project in New Gold’s robust growth pipeline. Development of the underground mine began in the second half of 2018. New Gold's … -New Gold Inc. (TSX, NYSE: NGD) says the company remains on track to begin processing ore at its Rainy River project in mid-September. New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines. New Afton Mine.