New Afton- Canada Close [x]
| Gold: | 85,000 oz |
|---|---|
| Copper: | 75 million lbs |
Cerro San Pedro - Mexico Close [x]
| Gold: | 84,561 oz |
|---|---|
| Silver: | 1.1 million oz |
| Cash Cost/oz (net of by product sales) | $432 |
| Gold: | 90 - 100 thousand oz |
|---|---|
| Silver: | 1.1 – 1.3 million oz |
| Cash Cost/oz (net of by product sales) | $550 – 570 |
El Morro - Chile Close [x]
| Gold: | 94,000 oz |
|---|---|
| Copper: | 104 million lbs |
Peak Mines - Australia Close [x]
| Gold: | 100,493 oz |
|---|---|
| Copper: | 8.25 million lbs |
| Cash Cost/oz (net of by product sales) | $477 |
| Gold: | 90 - 100 thousand oz |
|---|---|
| Copper: | 13 – 15 million lbs |
| Cash Cost/oz (net of by product sales) | $370 - $390 |
Amapari(1) - Brazil Close [x]
| Gold: | 86,992 oz |
|---|---|
| Cash Cost/oz (net of by product sales) | $748 |
| Gold: | 10-12,000 oz(1) |
|---|
New Gold is an intermediate gold mining company with operating assets in Mexico and Australia, development projects in Canada and Chile, as well as exploration rights in British Columbia Canada, Alaska USA, Mexico, Chile and Brazil. Production for 2008 exceeded guidance by 22,046 ounces for a total of 272,046 gold ounces from New Gold’s three operating properties – Peak Mines in Australia, Cerro San Pedro in Mexico and Amapari in Brazil (1). Significant progress was made at the company's two development projects: the New Afton project currently under construction in Canada is expected to enter full production in the latter part of 2012. In addition, New Gold owns a 30% interest in the El Morro development project in Chile with joint venture partner and project operator, Xstrata Copper, which owns the remaining 70%. The project entered the permitting stage in late 2008.
(1) Amapari was placed on temporary care and maintenance on January 2, 2009. Production in 2009 will be limited to leaching of gold from previously stacked ore.
The 2008 annual production and cash cost information below includes results for the period prior to the close of the business combination between New Gold, Peak Gold and Metallica Resources on June 30, 2008.
| Peak | Cerro San Pedro | Amapari | |
|---|---|---|---|
| Ore milled (000s tonnes) | 769 | 8,917 |
1,877 |
| Gold | |||
| Milled grade g/t | 4.7 | 0.6 | 2.0 |
| Total Recovery Au % | 87% | 48.7% | 68.5% |
| Total Production (000s oz) | 100.5 | 84.6 | 87 |
| Silver | |||
| Milled grade g/t | n/a | 24.1 | n/a |
| Total Recovery Ag % | n/a | 15.7% | n/a |
| Total Production (million oz) | n/a | 1.1 | n/a |
| Copper | |||
| Milled grade g/t | 0.62% | n/a | n/a |
| Total Recovery CU % | 78.5% | n/a | n/a |
| Total Production (000s lbs) | 8,249 | n/a | n/a |
| Total Cash Cost US$/oz | 477 | 432 | 748 |
| Capital Expenditure US$ (millions) | 29.4 | 13.2 | 7.1 |