Monday, May 5, 2014

New Gold Preparing For Mine Construction

New Gold continues to prepare for construction and eventual opening of its planned open pit mine north of Barwick.

It's recently hired an engineering team and has began identifying potential equipment purchases.

President Randall Oliphant says they're benefiting from a slowdown in mine development that's helping to keep costs down.

Oliphant says many of the costs are coming in or below estimates.