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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Post by psych01on Feb 04, 2022 11:58am
249 Views
Post# 34397944

Re:GMTN shipping gold ore to New Afton

Re:GMTN shipping gold ore to New AftonGold Mountain will be delivering very high grades---New Afton has very low grades.  I wonder what the particulars are?  NGD pays GM on net smelted, so does New Afton stockpile ore from GM, then do a special production run?  That would be my guess--they can't mix the poor grade ore with GM's.  How far away is GM from New Afton, have to look that up.  But I see it as great potential given the outstanding grades coming from GM.  We'll see as time passes.  IMO
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