Looking Forward
As at the end of 2009, detailed design and engineering is over 90% complete and for the full year, over 1,700 meters of underground development were completed. The mill building has been closed in as of May 2009, providing secure equipment storage. In 2010, underground development includes development of drifts to the base of the ore body and conveyor pass development for ultimate haulage to surface. The SAG, Ball and Vertical mills are assembled and have been placed above their foundations. Surface construction activities are scheduled to resume in 2011 with full production to be achieved in the second half of 2012. The estimated capital expenditure requirement at New Afton in 2010 is US$68 million, including capitalized interest. Total pre-production capital expenditures for New Afton are estimated to be $630 million.