New Gold has an 8% gold stream on the Artemis Gold Blackwater Project, located in British Columbia, Canada. The Blackwater Project has Proven and Probable Reserves of approximately 8.2 million gold ounces.
The Blackwater Project was sold to Artemis Gold effective August 21, 2020 for an upfront cash payment of C$190 million and an 8% gold stream on the initial 280,000 ounces of gold production, reducing to 4% on all further production. (refer to June 9, 2020 and August 24,2020 press releases for further details).
| Status: |
Development Project |
| Location: |
160 km southwest of Prince George |
| Ownership: |
100% Artemis Gold |
| Reserves1: |
Blackwater |
|
Gold |
8.2 million ounces |
|
Silver |
60.8 million ounces |
1 Proven and Probable Mineral Reserves as of December 31, 2019