New Gold (NYSE:NGD) hits commercial production at new mine

in #steemsilvergold • 7 years ago

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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.

http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2017/New-Gold-Achieves-Commercial-Production-at-Rainy-River-Mine/default.aspx

#gold #silver #money #blog
7 years ago in #steemsilvergold by
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     7 years ago 


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