New Gold starts production at New Afton Gold and Copper mine
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VANCOUVER (Scrap Monster): New Gold Inc. (NYSEAMEX:NGD), a Canada based gold, silver and copper mining company, has started production at its New Afton gold and copper mine in south central British Columbia, on track with its expectation.
According to the company, in April that New Afton would begin milling in June and start commercial production in August. The first ore was processed through the mill circuit on Thursday.
New Gold continues to expect production of 35,000 to 45,000 ounces of gold and 30 million to 35 million pounds of copper this year.
Canadian minner also added that, the daily milling rate will continue to increase, still expects total development cost of about C$765 million for the mine.
New Gold is a multinational mining company with gold, silver and copper containing assets.
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