New Gold produces 111,204 gold in Q3 2023, up by 22%
New Gold has announced that the company produced 111,204 gold equivalent ounces in Q3 2023, a 22% increase over the prior year period.
In a press release, the company said that the Rainy River mine delivered on plan with a “continued focus on operational discipline, cost control, and cost saving initiatives,” adding that the New Afton mine delivered above plan as mining from B3 continues to perform above expectations.
The company said it remains on track to meet its annual production guidance.
New Gold also noted it continued to advance on its development plans at both assets during the quarter and deliver important milestones.
“Rainy River continued to advance the connection ramp to the underground Main Zone from Intrepid. At New Afton, we successfully blasted the first draw bell from C-Zone, an important milestone in delivering significant production growth in the coming years,” it said.
New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine.
