New Gold Inc. Reports Consolidated Production Results for the Third Quarter and Nine Months Ended September 30, 2023
October 05, 2023 at 04:20 pm IST
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New Gold Inc. reported consolidated production results for the third quarter and nine months ended September 30, 2023. For the quarter, the company reported gold eq. production of 111,204 ounces against 91,021 ounces a year ago. Gold production was 82,986 ounces against 70,147 ounces a year ago. Copper production was 13.2 Mlbs against 8.5 Mlbs a year ago.
For the nine months, the company reported gold eq. production of 318,435 ounces against 249,230 ounces a year ago. Gold production was 241,991 ounces against 190,679 ounces a year ago. Copper production was 35.5 Mlbs against 24.1 Mlbs a year ago.
New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.