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New Gold Provides Rainy River Project Update; Schedule and Capital Cost Remain on Track
Sep. 06, 2017 08:48AM PST
Precious Metals InvestingNew Gold Inc. (“New Gold”) (TSX:NGD) (NYSE American:NGD) today provides an update on the construction of the company’s Rainy River project, located in northwestern Ontario. Both the project schedule and capital cost estimate remain in line with New Gold’s current plan (announced in late January 2017). As quoted in the press release: “We are very much looking forward to Rainy …
New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE American:NGD) today provides an update on the construction of the company’s Rainy River project, located in northwestern Ontario. Both the project schedule and capital cost estimate remain in line with New Gold’s current plan (announced in late January 2017).
As quoted in the press release:
“We are very much looking forward to Rainy River’s targeted start-up in the coming weeks,” stated Hannes Portmann, President and Chief Executive Officer. “We made significant progress in August. Our mining rate increased to over 135,000 tonnes per day, we completed construction of the TMA start-up cell, and all process facilities are mechanically complete and in testing.”
