New Gold meets 2011 guidance, to lift output 10% in 2012

Canada’s New Gold said it expected to lift output of the precious metal by around one-tenth to between 405 000 oz and 445 000 oz in 2012, with its New Afton mine in British Columbia set to start producing in June. The company, which owns mines...

New Gold Q2 output up 62% y-on-y

Vancouver-based New Gold produced 89 919 oz of gold in the second quarter, an increase of 62% compared with a year earlier, helped by good performances from all three of the firm's operating mines. Quarterly gold sales rose 56^, to 82 402 oz, at...

New Gold forecasts 2010 output at 330 000 oz to 360 000 oz

Vancouver-based New Gold expects production will grow to between 330 000 oz and 360 000 oz of gold this year, compared with 301 773 oz in 2009, which was already a 29% increase year-on-year. Cash costs in 2010 are forecast a $45/oz to $465/oz,...

New Gold beats own estimates, forecasts output gains in 2010

Vancouver-based New Gold produced more than 301 773 oz of gold in 2009, beating its own guidance, and expects output will increase further to between 330 000 oz and 360 000 oz this year, the firm said on Monday. The company produced 233 103 oz of...

New Gold reports Q3 sales up, costs down

Vancouver-based New Gold sold 77 645 oz of gold in the third quarter, compared with 67 156 oz a year earlier, while cash costs declined year-on-year 17%, to $470/oz, the firm reported on Monday. New Gold, which was formed last year from the...

New Gold will raise C$100m in share sale

Vancouver-based mid-tier miner New Gold will sell 26,7-million shares in a bought-deal financing to raise C$100,1-million, to be used for general corporate purposes, the firm said on Friday. The shares have been priced at C$3,75 apiece, which is...

New Gold says Q1 sales beat forecast

Vancouver-based midtier gold-miner New Gold sold 55 397 oz of gold in the first quarter of this year, at a cash cost of $513/oz net of by-product sales, the firm reported on Tuesday. New Gold, which was formed last year from the three-way merger...

New Gold will buy Western Goldfields for cash, shares

Vancouver-based New Gold has agreed to acquire Western Goldfields, which owns the Mesquite mine, in California, the firms announced on Wednesday. The additional cashflow from Mesquite will provide funds for New Gold to develop a gold project in...

Board, management shakeup for Canadian junior

AIM-listed miner Latitude Resources yesterday announced a restructuring of Western Goldfields, a Canadian mining company, in which Latitude currently holds a 13% stake.

Canadian gold merger progresses

AIM-listed miner Latitude Resources yesterday reported that the boards of Romarco Minerals and Western Goldfields had executed a merger agreement, subject to regulatory and shareholder approval.