New Gold has four operating properties:
Rainy River successfully achieved start-up on September 14, 2017 with the first gold pour announced on October 6, 2017. Commercial production was achieved ahead of schedule in mid-October 2017.
Mesquite, a gold heap-leach, run of mine operation which commenced production in 2008.
New Afton, and underground block caving gold-copper operation, began production in July 2012.
Cerro San Pedro, a gold-silver heap-leach operation in central Mexico. Cerro San Pedro finished active mining late in the second quarter of 2016 and has now transitioned into residual leaching.
The following table summarizes gold production by operation:
|
2014 |
2015 |
2016 |
New Afton |
|
Gold (thousand ounces) |
105 |
105 |
98 |
Copper (million pounds) |
85 |
86 |
87 |
|
|
|
|
Mesquite |
|
Gold (thousand ounces) |
107 |
135 |
111 |
Cerro San Pedro |
|
Gold (thousand ounces) |
70 |
105 |
65 |
Silver (million ounces) |
1.1 |
1.5 |
0.9 |
Total |
|
Gold (thousand ounces) |
380 |
436 |
382 |
Copper (million pounds) |
102 |
100 |
102 |
Silver (million ounces) |
1.4 |
1.9 |
1.3 |