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New Gold (TSX and NYSE American:NGD) announces 2019 guidance that includes an increase in gold production from the Rainy River Mine and another year of solid performance from the New Afton Mine.
New Gold (TSX and NYSE American: NGD) announces 2019 guidance that includes an increase in gold production from the Rainy River Mine and another year of solid performance from the New Afton Mine.
As quoted in the press release:
“2019 is a pivotal year for the Company as we reposition New Gold for long-term success. In 2019, we will work to establish Rainy River as a profitable and sustainable mining operation and renew our commitment to unlocking the potential of the New Afton C-zone. We will return our focus to advancing organic growth initiatives and launch strategic exploration programs at both assets with a view of enhancing the quality of our resource base and extending mine life,” stated Renaud Adams, President and CEO. “Our available liquidity position secures the execution of our 2019 operational strategy that is focused on optimizing both operations in order to deliver increased margins and positive future cash flow streams that will drive long-term, sustainable shareholder value.”
