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Oct 10, 2019 Provides Notice of Release of Third Quarter Results New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports in-line third quarter operating results from the Rainy River and New Afton Mines, which positions the Company to achieve annual production guidance. (All amounts are in US dollars unless otherwise indicated.) The Company also announces
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One of the Richest Gold Mines in Australia 1.8 million ounces of Gold Produced Beaconsfield Gold Mine A c q u i s i t i o n & M i n e R e - O p e n i n g •NQ acquiring the High-Grade Beaconsfield Gold Mine in Tasmania, Australia.* •Currently in due diligence and mine re-opening planning phase. •Recalculation of new gold resources underway
Looking at the five years prior to 2012, the number of major discoveries was nearly four times as high. In addition, close to one fifth of the global gold production involves refractory ores. While not all new discoveries are refractory, this indicates that it is becoming increasingly harder to find economically viable large gold deposits
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