New Gold (NYSE:NGD) hits commercial production at new mine
Rainy River Mine began processing ore as scheduled on September 14, 2017, and announced its first gold pour on October 6, 2017. In the first 30 days of operation, Rainy River has successfully processed approximately 457,000 tonnes of ore.
Inclusive of four days of intentional downtime as part of the commissioning plan, the processing rate averaged 15,200 tonnes per day, or 72% of the 21,000 tonnes per day nameplate capacity.
New Gold defines commercial production as exceeding 60% of nameplate capacity over a 30-day period. Importantly, for the period October 1-18, 2017, the processing rate averaged 19,000 tonnes per day, or 90% of nameplate capacity.
This post was resteemed by @steemitrobot!
Good Luck!
The @steemitrobot users are a small but growing community.
Check out the other resteemed posts in steemitrobot's feed.
Some of them are truly great. Please upvote this comment for helping me grow.
I like this, follow me @iskanultaufik
@eileenbeach has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.