Gold Mine Planned for 2017
The Omineca Express reported that New Gold (TSE:NGD) plans to open a gold mine at the Blackwater project by 2017.
The Omineca Express reported that New Gold (TSE:NGD) plans to open a gold mine at the Blackwater project by 2017.
Reuters reported that New Gold Inc (TSE:NGD) is increasing its budget for exploration at the Blackwater project in British Columbia.
May 8th-14th is BC Mining Week 2011, a week full of educational and networking events to celebrate one of the province’s largest and oldest industries.
Relative to the total return of funds within its category, Oppenheimer Gold is top quartile in the US, from the Lipper ranking over 1, 3, and 5 years; and finished in the ultra elite second percentile among Morningstar Specialty-Precious Metal fund over a one year period.
New Gold Inc. (TSE:NGD) (AMEX:NGD) today announces that Goldcorp Inc, its 70% joint venture partner in the El Morro project, has updated the reserves and resources for the project as of December 31, 2010.
Indonesia’s total estimated gold reserves are approximately equivalent with those of the United States; however, last year Indonesia produced less than half the total of gold compared with the United States. For investors with a more risk tolerant profile, this divergence might suggest a potential for undervalued regional gold opportunities.
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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