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Image: The Rainy River gold/silver mine in northwestern Ontario. Source: New Gold, Inc.
Quick Presentation
The Canadian-based New Gold, Inc. (NYSEMKT: NGD) is mainly a gold producer with two producing mines in North America, the New Afton and the Rainy River mines.
The company also owns the Blackwater project and expects to receive Environmental Assessment approval later this year.
The new project called the Blackwater open-pit mine could be an exciting play assuming higher gold price (with proved and probable reserves of 8.2 Au M Oz and Ag 60.8, respectively).