New Gold updates mine plans for New Afton, Rainy River

TSX- and NYSE American-listed New Gold on Thursday released the results of updated life-of-mine (LoM) plans for the Rainy River gold/silver mine, in Ontario, and the New Afton gold/copper mine, in British Columbia.

CEO Renaud Adams said that the rejigged plans for New Gold set out a “clear and profitable path” forward for the gold miner.