New Gold Plans To Start Production at New Afton in June
Mining Weekly reported that New Gold (TSX:NGD) expects that gold production at its New Afton mine will start in June of this year.
Mining Weekly reported that New Gold (TSX:NGD) expects that gold production at its New Afton mine will start in June of this year.
Mineweb reported that New Gold (TSX:NGD) increased its year over year net earnings by 212%.
Mining Weekly reported that New Gold (TSX:NGD) expects 2012 production to be 10% higher than the previous year.
IBTimes reported that New Gold (TSX:NGD) has a six-year plan to double production while it looks at paying a dividend to shareholders next year.
The Omineca Express reported that New Gold (TSE:NGD) plans to open a gold mine at the Blackwater project by 2017.
The Hindu.com reports that Gold is losing its respect as the default and fail-safe asset class and becoming a speculative instrument.
Gold American Mining Corp. (OTC:SILA) reports drilling results at the Guadalupe Property located in Zacatecas State, Mexico.
Aurion Resources Ltd. (CVE:AU) acquires a new gold property, called Logan Pass, in Lincoln County, Nevada.
Investors will know it best for its production of silver, with over 10 billion ounces mined; however, Mexico is also abundant in quantities of gold, copper, lead and zinc. Mexico’s ever-expanding gold mining industry is well positioned for a strong year in 2010, with output expected to increase by an additional 880,000 ounces to nearly 2.5 million ounces, representing an approximately 50 percent increase over 2009’s projected figures.
British Columbia hosts a number of interesting gold and mixed metal projects in various phases of production, development, and exploration, with opportunities that might prove worthwhile for investors with net gold mining revenues in the province increasing from $231 million in 2008 to $309 million in 2009, for an increase of $78 million or 34 percent.
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