Lower than expected grades bite into Rainy River guidance for New Gold

New Gold (TSX: NGD) has cut production guidance at its Rainy River gold mine in Ontario by about 10% because of lower than expected grades. The gold miner now expects Rainy River to produce 240,000-255,000 gold-equivalent ounces this year, down from 275,000 to 295,000 oz.  The company signaled last month that its guidance might...

You’ve reached your limit of free weekly articles. Enjoy 4 weeks of unrestricted access:

Register for a free trial

Subscribe for as low as $2.19 per week and enjoy these benefits.
Daily and weekly articles, site-visits reports, feature supplements and real-time mining press releases. You will also have access to 1-year of article archives and much more.
Review Full Subscription Benefits
If you are already a subscriber to The Northern Miner please log in by clicking the button below.

By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.