New Gold produces despite record flood

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RAINY RIVER – New Gold Inc.’s open pit mine in Rainy River reports that they have made significant process despite the heavy rainfall and flooding experienced in the region.

The strip ratio materially decreased, averaging approximately 4:1 compared to 7.96:1 during the second quarter. The strip ratio is expected to average below 3:1 for the remainder of the year. Gold equivalent production during July and Aug. totalled approximately 41,000 ounces, and the operation remains on track to meet its updated annual gold equivalent guidance of 230,000 to 250,000 ounces.

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