https://newsletter.en.creamermedia.com
Dewatering|Gold|Mining
Dewatering|Gold|Mining
dewatering|gold|mining

Rainy River to meet updated guidance – New Gold

16th September 2022

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The Rainy River mine is well positioned for a strong finish to the year and to deliver on its updated guidance, dual-listed New Gold said on Thursday.

The company in July lowered its guidance after heavy rainfall and flooding around the Fort Frances area, in Ontario, adversely impacted on Rainy River’s production during the second quarter. Flooding in the pit reduced the mining rate, impacted on the mine sequencing and affected access to the higher grade ore that was planned for the second half of the year.

"The team at Rainy River responded very well following the heavy rainfall and flooding during the second quarter," stated president and CEO Renaud Adams.

"Over the past month, efforts continued on dewatering the pit along with additional operational improvements to position the openpit to its optimal conditions,” he said.

In July and August, Rainy River produced a total of 41 000 gold-equivalent ounces (GEOs).

The updated guidance for Rainy River is to produce between 230 000 GEO and 250 000 GEO, compared with the initially planned 265 000 GEO to 295 000 GEO. All-in sustaining costs will increase to between $1 620/oz and $1 720/oz.

Edited by Creamer Media Reporter

Comments

Projects

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.068 0.162s - 190pq - 2rq
Subscribe Now