New Gold’s New Afton on schedule for June production

TSX-listed miner New Gold on Tuesday reported that its New Afton gold mine, in British Columbia, was on track to start production in June. Mining of the gold/copper resource had started with nine drawbells of the cave-and-pillar system completed...

New Gold snares additional properties around BC project

Vancouver-based New Gold on Monday unveiled two acquisitions to bulk up its ownership of the Blackwater property in central British Columbia, which it has said could be its biggest producer. In the first deal, New Gold will pay the equivalent of...

Northgate hires former Metallica CEO

Northgate Minerals has appointed Richard Hall to the positions of president and CEO, starting July 11. Hall, who has been a director of the company since 2008 and was previously CEO of Metallica Resources, will replace retiring Northgate CEO Ken...

El Morro gold/copper project, Chile

El Morro is an advanced stage gold/copper property, which consists of three porphyry-style copper mineralised prospects.

New Gold sees costs after credits at zero by 2013

Vancouver-based New Gold could see total cash costs to produce an ounce of gold fall to zero by 2013, after taking into account byproduct credits, executive chairperson Randall Oliphant said on Friday. New Gold operates the Mesquite gold mine, in...

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 tweaks terms of Amapari sale

Vancouver-based New Gold has adjusted the terms of the sale of Brazilian subsidiary Mineração Pedra Branca do Amapari to Australia's Beadell Resources “due to increased volatility in the gold market” since the deal was negotiated, it said on...

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,...

Barrick sees Cerro Casale construction decision by end 2011

Toronto-based Barrick Gold expects to be ready for a construction decision on the $4-billion-plus Cerro Casale gold/copper project, in Chile, by the end of 2011, CEO Aaron Regent said on Thursday. If all goes to plan, and assuming the necessary...

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...

Goldcorp to buy 70% of El Morro project, sees first output 2015

With gold prices at record levels, and large, undeveloped deposits increasingly hard to come by, competition is heating up between producers of the yellow metal. On Thursday, Canada's Goldcorp announced it plans to acquire Xstrata's 70% interest...

Mexico orders New Gold mine halted

Shares in Vancouver-based New Gold fell 13,4% on Thursday, after the company said it had suspended mining operations at the Cerro San Pedro mine, in Mexico. After a ruling by the Federal Court of Fiscal and Administrative Justice, Mexico's State...