The Rainy River project is an advanced-stage gold project situated in Richardson Township, approximately 65 kilometres northwest of Fort Frances in Northwestern Ontario. The property has excellent infrastructure, with year-round road access and powerlines in close proximity.
The project contemplates a 21,000 tonne per day processing rate from a combination of open pit, underground and stockpiled ore. The project is expected to produce 325,000 ounces of gold annually, at below industry average costs. New Gold intends to pursue the opportunity to process higher grade ounces in the project's early years, while stockpiling lower grades for processing towards the end of the mine life, with the goal of increasing cash flow and enhancing project economics.