New Afton Minelife Extended 3 Years

- October 21st, 2013

New Afton, the recently opened copper-gold mine in British Columbia, will operate another three years to at least 2027, operator New Gold Inc. (TSX:NGD) said last week.

New Afton, the recently opened copper-gold mine in British Columbia, will operate another three years to at least 2027, operator New Gold Inc. (TSX:NGD) said last week.

CEO Bob Gallagher told workers and government officials the good news at a ceremony at the the mine last Thursday, Kamloops Daily News reported.

As quoted in the market news:

“We’re here for a short time,” Gallagher said. “We started (in 2012) with 12 years. We’ve operated for a year and now have 14 more.”

New Gold will spend $20 million this year looking for more high-grade resources at the underground mine beneath the site of a former open-pit mine.

Click here for the full story in Kamloops Daily News

 

 

 

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