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New Gold Inc. (TSX:NGD,NYSEMKT:NGD) announced that it has received “key environmental approvals” for its Ontario-based Rainy River project.
New Gold Inc. (TSX:NGD,NYSEMKT:NGD) announced that it has received “key environmental approvals” for its Ontario-based Rainy River project.
As quoted in the press release:
The Canadian Environmental Assessment Agency and the Ontario Ministry of Environment and Climate Change separately completed their detailed assessments of the Rainy River project and subsequently announced their respective decisions. The Federal Environmental Assessment approval was granted on January 12, 2015 and the Provincial approval was granted on January 29, 2015. Receipt of these approvals now enables the company to apply for other permits through the development and operational phases of the project and to begin its preliminary development work at site in the coming weeks.
Robert Gallagher, president and CEO of New Gold, commented:
With the approvals now in place, we look forward to continuing to work with all stakeholders to execute on the successful development of the Rainy River project. With its long life, robust production profile and low cost, Rainy River is positioned to be a key asset for New Gold and to contribute significantly to the local communities for many years to come.
Click here to read the full New Gold Inc. (TSX:NGD,NYSEMKT:NGD) press release.