NGD - New Gold To Implement Plan To Boost Gold Copper Production | Benzinga
New Gold (AMEX:NGD) unveiled a three-year plan to increase gold and copper production.
The Toronto-based company set a goal of achieving 35% growth in gold output and 60% growth in copper production by 2026. The management aims to achieve this through higher output at its current mines and by completing growth projects.
“The company has clearly defined the path forward to significant free cash flow generation,” New Gold CEO Patrick Godin said. “This is underpinned by the work completed in recent years to prepare our operations for meaningful production and cash flow increases, as costs and capital spend decrease.”
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The company’s strategy involves boosting gold production to between 410,000 and 460,000 ounces. For ...