PRECIOUS METALS

First gold for New Gold at Rainy River

Despite some timeline setbacks in its road to production, Toronto-based miner New Gold has poured first gold from its Rainy River mine in northern Ontario, Canada

Staff reporter
First gold for New Gold at Rainy River

The pour, which provided 500oz of gold and 600oz of silver for the company, was marked just weeks after the mine began processing ore on September 14. Since that day, about 290,000t of ore was processed – or 14,000t/d, about 67% of the mine’s capacity. 

Officials said the commissioning of Rainy River is still on schedule. Additionally, its mining rate through September continued to track on plan. 

“Our team is proud to have delivered on all of the key project milestones since the beginning of 2017, however, the first gold pour is a particularly special one for New Gold and its stakeholders,” president and CEO Hannes Portmann said, calling the achievement a “team effort” for the company.

Rainy River, located northwest of Fort Frances, has a total reserved of about 3.9 million ounces of gold. Target production is 325,000oz/y.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalog of 2022 Initial Resource Estimates and recent discovery successes.