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    gold investing

    New Gold 2013 Production to Rise 12 Percent

    Investing News Network
    Feb. 07, 2013 11:21AM PST
    Precious Metals Investing

    Mineweb reported that New Gold is forecasting a 12 percent hike in gold output for 2013, mostly because of an increase in production at the New Afton and Cerro San Pedro mines.

    Mineweb reported that New Gold is forecasting a 12 percent hike in gold output for 2013,  mostly because of an increase in production at the  New Afton and Cerro San Pedro mines.

    As quoted in the press release:

    New Gold’s 2013 guidance forecasts a 12% increase in gold production growth of 440,000 to 480,000 ounces at total cash costs per ounce sold, net of by-product sales of $265 to $285 per ounce.

    To view the whole Mineweb report, click here. 

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