economic new gold mine rod mill price in choibalsan

how much the gold ore ball mill - jxsc machine

how much the gold ore ball mill - jxsc machine

Capacity 0.65~130 t/h Feeding size 20-25mm Discharge size 0.074-0.89mm Grinding ball 1.5-338t Application gold ore and other ores grinding Advantages Rolling bearing has little friction and low consumption; Reasonable sealing, low failure; Little dust, low noise, energy-saving; Special design, good grinding effect, 60s manual response, 24hrs quotation. More ball mill model details

Since most of the gold mines contain impurities, we only can obtain the gold concentrate after a series of steps such as crushing, grinding, and sieving. The ball mill plays an important role in the gold ore grinding process, as a kind of high-efficiency fine grinding equipment, it has been widely used in fine grinding and ultra-fine grinding operations in mining, chemical, new materials, building materials and other fields. In the gold mining plant, the ball mill usually set after the jaw crusher, in a second-stage grinding, process sulfur-containing arsenic-containing refractory gold ore, and tailings treatment. The outstanding advantages of gold ball mill are low energy consumption, ultra-fine grinding, simple foundation, low noise and vibration, and has been regarded as an efficient new fine grinding equipment.

The main parts of the gold ore ball mill includes the feeding, the supporting device, the rotating part, the unloading device and the transmission device. Working principle: gold ore ball mill is a low-speed rotary cylinder horizontally mounted on the bearing. In the rotary cylinder, there are heavy steel balls. Along the motor and gear rotates the cylinder, generating centrifugal force to bring the steel ball to a certain height and then falling. The ore material are gradually crushed and ground by the steel ball impact force. The material is subjected to impact crushing and grinding, and the material is slowly flowed from the feeding end to the discharging end by the material level difference, until the material is discharged. That is the overflow ball mill.

Gold ore ball mill is especially suitable for two-stage grinding or ultra-fine grinding because of its advantages of ultra-fine grinding, high efficiency and energy-saving, low installation cost and low wear.

A gold mine used the JXSC gold ore ball mill for the second stage grinding to technically transform the original process, and achieved good results. After the transformation, the production capacity reached 130~140t/d. The production results show that the JXSC gold mine ball mill has low electromechanical consumption, high grinding efficiency, low wear of wearing parts and vibration noise less than 85dB.

There are rich sulfur-bearing and arsenic-containing refractory gold ore resources, but due to the lack of practical technology, these gold resources are not fully utilized. The JXSC Gold Mining Ball Mill has two basic characteristics of ultra-fine grinding and enhanced chemical leaching. The use of ultra-fine grinding of the JXSC gold ore ball mill can strengthen the alkali leaching, which may provide a technically feasible and economically reasonable treatment process for some sulfur-containing and arsenic-containing refractory gold ores.

Ball mill superfine grinding for secondary utilization of gold-bearing tailings in which gold was not fully recovered in the old days due to the technique limitation. In some gold tailings, the gold content is as high as 2~8g/t, if using the JXSC gold ore ball mill to retreat and recover gold, its potential economic benefits are huge.

The ball mill price are determined by many factors, such as machine weight, cylinder material, steel ball material, motor brand, lined plate thickness and material, etc. A professional and reasonable quotation made on your mine conditions, mine minerals, capacity, rock hardness, clay, etc. We are here to help.

JXSC is a 35 years Chinese mining equipment manufacturer, has great quality & price advantages in the ball mill, jaw crusher, trommel scrubber, shaker table and so on. Contact us for a 12hrs quotation.

moss gold mine, nw arizona, usa | northern vertex mining corp

moss gold mine, nw arizona, usa | northern vertex mining corp

Northern Vertex's 100% owned Moss GoldMine islocated in Arizona, approximately one hour and a half drive south of Las Vegas, Nevada. The Company optioned the Moss Propertyin 2011 and advanced the project by completing a pilot plant test facilityin 2014. In 2015, the Company completed aFeasibility Study and subsequentlya Preliminary Economic Assessement in 2017, which featured anextension to themine life from 5 to 10 years. Shortly after a successful construction and the commissioning process in 2018, Northern Vertexdeclared commercial production at the Moss Mine, effective September 2018.

The Moss Mine is an open pit gold-silver operation, with a favorable strip ratio of approximately 1.85:1 (waste to ore) and minimal haul distances to the crushing plant. The most economic and effective way to process the ore is throughcrushing, agglomeration andheap leachingfollowed by processing at the on-site Merrill Crowe metal recovery plant and refinery to produce gold and silver dor bars. According to the Company's Feasibility Study (2015), throughput at the Moss Mine was expected to be 5,000 tonnes per day (tpd), howeversince commissioning was announced in 2018, throughputhas been significantly higher due to exceptional performance of the crushing plant and operational team, which set a one-day throughput record of 13,000 tonnes.

NOTES: Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resources for the project were classified under the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves by applying a cut-off grade that incorporated mining and metallurgical recovery parameters. Pit constrained Mineral Resources are based on commodity prices, metallurgical recoveries and operating costs. The mineral resource includes depletion from mining activities up to December 31, 2019. Long-term metal prices of $1,400/oz and $18/oz for gold and silver respectively were used. The updated Mineral Resource estimate for the Property was prepared by David G. Thomas, P.Geo. (the QP) of Mine Technical Services Ltd. (MTS). Resources have an effective date of December 31, 2019 and are reported at a 0.006 oz/st gold cut-off grade.

The updated mineral resource estimate incorporates the results of the 2019 reverse circulation infill drill program (the Program) carried out at the Property, totaling 14,140 feet over 29 holes, disclosed in the Companys press release dated December 18, 2019. Drilling within the western area of the Moss Gold Mine and west of the current mining operation successfully demonstrated that there are significantly more resources hosted within and nearby the current pit. Compared to the previously disclosed mineral resource estimate contained in the Companys most recent technical report for the Property dated November 22, 2017 (the Technical Report), the updated mineral resource estimate of the Property constitutes a non-material increase in total tonnage and contained gold metal, with additional new resources identified from infill drilling more than offsetting depletion from mining activities.

The resource estimate update found that from the start of operations to December 31, 2019, mining operations depleted approximately 71,000 ounces of gold, however with drilling success, these mined ounces have been more than offset by an addition of 86,000 ounces of gold in the inferred category. In comparing the updated December 31, 2019 resource estimate to the resource estimate in the Technical Report, aggregate measured and indicated gold ounces fell by approximately 8% primarily due to depletion from mining activities, while inferred gold ounces grew by almost 300% due to the identification of new resources from infill drilling.

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new gold inc. - assets - rainy river

new gold inc. - assets - rainy river

Rainy River commenced processing ore on September 14, 2017 and completed its first gold pour on October 5, 2017. Commercial production followed on October 19, 2017. Development of the underground mine began in the second half of 2018.

The mine occupies approximately 6,050 hectares, comprising 87 patented mining rights and surface rights claims (including eight leasehold interest mining rights and/or surface rights claims). In addition, New Gold has a land package of approximately 17,240 hectares surrounding the mine site, including patented mining rights and/or surface rights and unpatented claims. All unpatented claims are in good standing and assessment work credits are sufficient to maintain that standing for several years.

The Rainy River district comprises multiple volcanogenic-style gold deposits situated within the Late Archean Wabigoon Subprovince of Ontario. Local stratigraphy comprises a series of tholeiitic mafic volcanic rocks structurally overlain by calc-alkalic dacitic metavolcanic rocks that host the bulk of gold mineralization in the district.

Mineralized zones generally follow the regional northwesterly strike and southerly dip of stratigraphy. The largest of these, the ODM/17 Zone, extends 1,600 metres along strike, 975 metres down dip (open at depth), and has a true width of 200 metres. Three principal styles of gold mineralization have been identified at Rainy River: gold-bearing sulphide quartz stringers and veins in felsic quartz-phyric rocks, (ODM/17, Beaver Pond, 433 and HS Zones), quartz-ankerite-pyrite shear veins in mafic volcanic rocks (CAP/South Zone), and sulphide-bearing silver-enriched quartz veinlets in dacitic tuffs and breccias (Intrepid Zone). Most of the gold mineralization identified to date occurs in the sulphide bearing stringers and veins within the felsic quartz-phyric rocks. A fourth style of mineralization characterized by copper-nickel-platinum minerals occurs within a small, younger mafic-ultramafic intrusion (34 Zone) situated within the main cluster of gold and silver deposits. All deposits show some degree of deformation, excepting the copper-nickel-platinum-bearing type.

The Rainy River project represents one of Canadas newest emerging gold districts. The Rainy River district was first explored for nickel sulphide style mineralization in the mid-1960s. The eventual recognition of the districts gold potential in 1988 led to the discovery of gold mineralization in what has become a large system of stratiform gold-rich volcanogenic style sulphide deposits. After three years of commercial production, the Rainy River Mine accounts for 2.6 million ounces of gold reserves and an additional 2.0 million ounces of measured and indicated resources1.

In March 2021, the Company completed an early-stage reconnaissance drilling program designed to test targets of coincident geochemical soil anomalies, magnetic geophysical anomalies, and evidence of quartz veins and/or shear zones within the North East Trend area located approximately 15 kilometres north from the Rainy River Mine. Results to date define narrow intervals of gold bearing mineralization, supporting the preliminary geological and geochemical interpretations.

As we compile additional data and complete interpretations of all reconnaissance drilling, follow-up drilling is planned to commence in the second half of 2021. Field exploration activities have also been planned to refine follow-up drill targets, inclusive of soil geochemical survey, geological survey, geological mapping, and trenching.

Additionally, New Gold's exploration efforts focuses on identifying and generating new targets to define additional mineralization within the broader Company's landholdings and potentially extend the commercial life of the mine.

New Gold is committed to responsible mining in all mining, processing and environmental work across our operations and facilities from exploration, to mining, to rehabilitation and closure. As an organization, we strive to reach the highest standards in employee health and safety, environmental protection and community development and engagement. We believe these are key drivers to achieving a productive and profitable business.

Our policies and practices are guided by principles found in the United Nations Global Compact of which we are signatories, and our operational standards are based on the Mining Association of Canadas Towards Sustainable Mining Protocols.

New Gold is committed to working closely with communities to make a positive contribution to the community and regions in which we live and work. We recognize that our growth and success depend on the long-term economic, social and environmental sustainability of each of the communities in which we operate.

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The Company has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. The information and other content on the External Site is not meant to modify, qualify, supplement or amend information disclosed by or on behalf of the Company under corporate, securities or other legislation in any jurisdiction, and should not be used to make investment decisions involving the Companys securities.

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Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

In addition to disclosing results determined in accordance with GAAP, the Company may also disclose certain non-GAAP (such as cash costs and all-in sustaining costs) results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website and other non-GAAP measures. Management of the Company believes that this non-GAAP information provides investors with additional information to assess the Companys operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing the Companys operating performance to prior periods. Management uses this non-GAAP information, along with GAAP information, in evaluating its historical operating performance. Neither the Company nor Virtua takes any responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. The non-GAAP information is not prepared in accordance with GAAP, have no standardized meaning under GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP. See the Companys cautionary statements in its latest interim and annual MD&As.

artemis gold inc. - 2020

artemis gold inc. - 2020

ARTEMIS GOLD INC. (Artemis or the Company) is pleased to announce the signing of an Asset Purchase Agreement (the Agreement) with New Gold Inc. (New Gold) to acquire the Blackwater Gold Project (Blackwater or the Project) in central British Columbia ( the Acquisition).

While the Company considers the 2014 Feasibility Study to be current, it plans to prepare an updated Pre-Feasibility Study based on our revised approach to developing the Project over the next three months and will file the technical report within 180 days of this announcement of mineral resources and mineral reserves.

Artemis respects the rights and interests of Indigenous groups who may be impacted by the Project and intends to fully honour New Golds existing agreements, including the Participation Agreement with the Lhooskuz Den Nation and the Ulkatcho First Nation. New Gold has engaged extensively with other Indigenous groups who may be impacted by the Project, including Nadleh Whuten First Nation, Saikuz First Nation, Stellaten First Nation and Nazko First Nation, and Artemis is committed to continuing that engagement. Establishing a working relationship built on trust, respect and integrity with these Indigenous groups will be a priority of the Company.

Steven Dean, Chairman and CEO of Artemis noted: The proposed acquisition of Blackwater is the first meaningful step in our strategy to develop a first tier gold deposit in one of the worlds premier low risk mining jurisdictions. As with our teams previous success in developing the Moose River Consolidated Mine in Nova Scotia for Atlantic Gold, our focus will be the methodical de-risking of the project development to enhance NPV, optimize IRR and minimise equity dilution to shareholders.

Furthermore, the additional attribute of having an environmental assessment approval in hand significantly curtails the timeline to construction and ultimate production. This value cannot be underestimated in todays world. We look forward to completing the Acquisition in due course, working with the various key stakeholders to continue to advance Blackwater through the development stage and into operation.

In addition to the technical and financially based optimisation development strategy outlined below, management plans to pursue its proven de-risking and structuring strategies in developing the Project:

All technical information on Blackwater is based on a Feasibility Study technical report entitled Blackwater Gold Project, British Columbia, NI 43-101 Technical Report on Feasibility Study with an effective date of January 14, 2014, filed on SEDAR by New Gold on January 22, 2014 (the Feasibility Study). To the best of Artemis knowledge, information, and belief, the Feasibility Study is considered current pursuant to NI 43-101 and there is no new material scientific or technical information that would make the disclosure of the mineral resources, mineral reserves or results of the Feasibility Study inaccurate or misleading.

Artemis is acquiring New Golds 100% recorded interest in 328 mineral claims covering an area of 148,688 ha distributed among the Property and the Capoose, Auro, Key, Parlane and RJK claim blocks. Surface rights over the Project area are controlled by the Crown.

The Project received a federal Decision Statement and a provincial Environmental Assessment Certificate in June 2019, which are major milestones in respect of de-risking the Project to ultimate permitting and construction.

Additional permits and authorizations are required from both the provincial and federal governments prior to the mine proceeding to the construction and operation phase, including provincial permits under the Mines Act and the Environmental Management Act for discharge, and federal authorizations under the Fisheries Act and Explosives Act. Management will be working closely with New Gold to transition efforts to date to Artemis to ensure management are able to progress the permitting timeline.

Pursuant to the Agreement, Artemis will acquire all of New Golds property, assets and rights related to the Project. The Acquisition will be completed through BW Gold Ltd. (BW), a wholly owned subsidiary of Artemis. Following the Closing, BW will hold a 100% interest in the Project.

Consideration for the Acquisition will be comprised of (i) the Initial Payment of $140 million at Closing, (ii) approximately $20 million in Consideration Shares (described below), (iii) a cash payment one year following Closing of $70 million less the aggregate deemed issue price (as described below) of the Consideration Shares, and (iv) a secured gold stream participation in favor of New Gold as described below. New Gold will also have a first ranking security interest over the Blackwater Project until the Second Payment is made.

Artemis expects to fund the Initial Payment through an equity financing to be completed prior to Closing (the Financing). Although management is confident it will be successful in funding the Initial Payment through the Financing, in the event of a shortfall, Mr. Ryan Beedie, who is also expected to participate in the Financing, has provided a commitment letter to fund the Initial Payment to the extent necessary. Artemis will announce further details regarding the Financing once available.

The deemed issue price of the Consideration Shares will be the lowest price at which common shares of Artemis are sold pursuant to the Financing. The number of Consideration Shares to be issued to New Gold will be the lesser of (i) the number of Artemis common shares having an aggregate deemed issue price of C$20 million, and (ii) 9.9% of the issued and outstanding Artemis common shares as at Closing.

At Closing, Artemis will enter into a gold stream agreement with New Gold (the Stream Agreement) whereby New Gold will purchase 8.0% of the refined gold produced from the Blackwater Project. Once 279,908 ounces of refined gold have been delivered to New Gold, the gold stream will reduce to 4.0%. New Gold will make payments for the gold purchased equal to 35% of the US dollar gold price quoted by the London Bullion Market Association two days prior to delivery. In the event that commercial production at Blackwater is not achieved by the 7th, 8th, or 9th anniversary of closing of the Acquisition, New Gold will be entitled to receive additional cash payments of $28 million on each of those dates.

Closing of the Acquisition is subject to the satisfaction of customary closing conditions for a transaction of this nature, including obtaining certain regulatory approvals and the approval of the TSX Venture Exchange. The Financing will be subject to disinterested shareholder approval by the shareholders of Artemis due to the participation by insiders in the Financing. Artemis will announce further details regarding the shareholder meeting to be held to consider the Financing once available. The Acquisition is expected to close in 60 to 90 days, or such other date as the parties may agree. Furthermore, as required under applicable securities laws, the Company will file an updated technical report on the Project, in accordance with NI 43-101, within 180 days of this press release.

In 2019, New Gold executed a Participation Agreement with the Lhooskuz Den Nation and the Ulkatcho First Nation, the two Indigenous groups whose traditional territories overlap the Projects mine site. New Gold has continued to engage with other Indigenous groups who may be affected by the Project, including the Nadleh Whuten First Nation, Saikuz First Nation, Stellaten First Nation and Nazko First Nation. Engagement and negotiations with these groups will be a priority for the Company as management progresses towards Closing and through to final permitting of the Project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws (together, forward-looking statements). Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "potential" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements and information related to the Closing and the ability of the parties to satisfy the conditions and close the Acquisition; approval of the Financing by the disinterested shareholders of the Company; the terms of the Financing and ability of the Company to complete the Financing; the merits of the Project; the Companys plans and objectives with respect to the Project and the timing related thereto, including with respect to permitting, construction, improved economics and financeability, and de-risking development risks; the Companys plans to file a Pre-Feasibility Study for the Project over the next three months; and other statements regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts, as well as statements as to management's expectations with respect to such matters.

Forward-looking statements and information are not historical facts and are made as of the date of this news release.,. These forward-looking statements involve numerous risks and uncertainties and actual results may vary. Important factors that may cause actual results to vary include without limitation, risks related to the ability of the parties to satisfy the conditions of the Acquisition and close the Acquisition; the ability of the Company to settle the terms of the Financing, obtain disinterested shareholder approval of the Financing, and complete the Financing; the ability of the Company to accomplish its plans and objectives with respect to the Project within the expected timing or at all, including the ability of the Company to improve the economics and financeability and de-risk the Project; the ability of the Company to file a Pre-Feasibility Study for the Project over the next three months; the timing and receipt of certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, risks inherent in exploration estimates and results, timing and success, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), changes in development or mining plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment and third party contractors, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) the parties will be able to complete the Acquisition and Financing on the expected timing; (2) the Company will be able to accomplish its plans and objectives with respect to the Project and Pre-Feasibility Study within the expected timing; (3) market fundamentals will result in sustained mineral demand and prices; (4) the receipt of any necessary approvals and consents in connection with the development of any properties; (5) the availability of financing on suitable terms for the development, construction and continued operation of any mineral properties; and (6) sustained commodity prices such that any properties put into operation remain economically viable. The actual results or performance by the Company could differ materially from those expressed in, or implied by, any forward-looking statements relating to those matters. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the Acquisition, the Financing, results of operations or financial condition of the Company. Except as required by law, the Company is under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

TOTAL CASH COSTS: Total cash costs per ounce figures are non-GAAP measures which are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is widely accepted as the standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. New Gold reports total cash costs on a sales basis. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs are reduced by any by-product revenue and is then divided by ounces sold to arrive at the total by-product cash cost of sales. The measure, along with sales, is considered to be a key indicator of a companys ability to generate operating earnings and cash flow from its mining operations. This data is furnished to provide additional information and is a non-IFRS measure. Total cash costs presented do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of operating costs presented under IFRS.

ALL-IN SUSTAINING COSTS: Consistent with the guidance announced earlier in 2013 from the World Gold Council, an association of various gold mining companies from around the world of which New Gold is a member, New Gold defines all-in sustaining costs as the sum of total cash costs, sustaining capital expenditures, corporate general & administrative costs, capitalized and expensed exploration that is sustaining in nature and environmental reclamation costs. New Gold believes this non-GAAP measure provides further transparency into costs associated with producing gold and will assist analysts, investors and other stakeholders of the company in assessing its operating performance, its ability to generate free cash flow from current operations and its overall value. All-in sustaining costs constitute a non-GAAP measure and are intended to provide additional information only and do not have any standardized meaning under IFRS. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.

Mineral Reserves are classified in accordance with the 2010 CIM Definition Standards for Mineral Resources and Mineral Reserves. The Qualified Person for the estimate is Mr. Jay Horton, P.Eng., of Norwest Corporation. Mineral Reserves have an effective date of December 2, 2013.

Mineral Resources are classified in accordance with the 2010 CIM Definition Standards for Mineral Resources and Mineral Reserves. Mineral Resources are reported inclusive of Mineral Reserves and do not include dilution. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

The Mineral Resource estimate segregates the portion of mineralized material that should be processed directly versus that which the company would likely stockpile and process toward the end of the mine life of the Project. In order to complete this segregation, New Gold elected to utilize a dual cut-off strategy, whereby all material with an AuEq cut-off of greater than 0.4 g/t AuEq is considered for direct processing, while all material with an AuEq grade of between 0.3 and 0.4 g/t AuEq is planned to be stockpiled. The Mineral Resource estimate, inclusive of the Mineral Reserves reported in this news release, is presented below.

There are no other known factors or issues that materially affect the Mineral Resource estimate other than normal risks faced by mining projects in the province in terms of environmental, permitting, taxation, socio-economic, marketing and political factors.

Marc Schulte, P. Eng., an independent consultant to the Company and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained in this news release and has reviewed the Feasibility Study.

new gold inc. - assets - new afton

new gold inc. - assets - new afton

The mine is designed to process 11,000 tpd (4 Mtpa) of ore at full capacity, recovering copper, gold, and silver. The mill processes a blend of primary, transition and supergene ores using conventional crushing, grinding, and concentration processes. Mineral separation is by gravity concentration and differential flotation. A regrinding stage is included in the flotation circuit. Life-of-mine recoveries are expected to total 88 per cent copper, 87 per cent gold and 75 per cent silver.

New Afton began production in June 2012 with commercial production following in July 2012. The underground operation is expected to produce, on average, 85,000 ounces of gold and 75 million pounds of copper per year over its mine life.

The mine occupies the site of the historic Afton Mine and includes an open pit, underground workings, historic support facilities, a new concentrator and recently constructed tailings facility. The New Afton deposit extends to the southwest from immediately beneath the Afton Mine open pit.

New Golds holdings in the area comprise the Afton Group and the Ajax Group. The New Afton deposit lies within the Afton Group. The Afton Group consists of 61 mineral claims included in a mining lease issued by the Ministry of Energy, Mines and Petroleum Resources on November 29, 2006 (the Afton Mining Lease). The total area of the Afton Mining Lease and all other claims is 12,450.4 hectares.

The New Afton deposit comprises part of a larger copper-gold porphyry district situated within the prolific Quesnel Trough island-arc terrane, host to many of British Columbias major copper and gold districts. Pre-mineral country rocks consist of intermediate to mafic volcanic country rocks belonging to the Triassic Nicola Formation. Regional scale fault zones act as the principal controls to the emplacement of the batholithic rocks and related porphyry-style mineralization in the area. The bulk of the New Afton deposit occurs as a tabular, nearly vertical, southwest plunging body measuring at least 1.4 kilometres along strike by approximately 100 metres wide, with a down-plunge extent of over 1.5 kilometres. The deposit remains open to the west and at depth.

Mineralization is characterized by copper sulphide veinlets and disseminations localized at brecciated margins between altered porphyry intrusives and Nicola volcanic country rocks. Copper occurs primarily as chalcopyrite and lesser bornite, with secondary chalcocite and native copper occurring in the upper nearer-surface parts of the deposit. Gold occurs as sub-micron grains associated with copper sulphides.

Since the commencement of commercial production in 1977, the New Afton mine has produced more than 800,000 ounces of gold and 850 million pounds of copper from both open pit and underground operations.

Since the start of the current underground block cave operation in July 2012, exploration at New Afton focused on extending the mineral resource below the current B-Zone block cave reserve. This undertaking has resulted in the addition of the C-Zone and SLC-Zone resources as well as the definition of new mineralized areas directly below the SLC-Zone and parallel to the east of the C-Zone called Upper and Lower East Extension. The C-Zone resource remains open to further growth down plunge, where a new area has been defined as D-Zone. The Company plans to start an underground drilling program from the base of the planned C-Zone Block Cave in 2022 that will focus on exploring for the potential continuity of the D-Zone and East Extension down plunge mineralization.

In October 2020, the Company started a reconnaissance exploration drilling program at the prospective Cherry Creek trend area, located within three kilometres of the New Afton mill. The program was designed to test several targets within areas of coincident geochemical soil anomalies, IP and magnetic geophysicalanomalies, and evidence of vein style mineralization and surface alteration.Results to date in one of the targets (Silica Hill) shows shallow intercepts of narrow gold and silver mineralization within a preliminary geology model and alteration domains show characteristics of mineralization and alteration patterns that halo gold-copper mineralized porphyry systems similar to New Afton deposit.Follow up drilling program has been designed to explore for deep targets on key areas to assess the potential for porphyry style mineralization.

In March 2021, an underground drilling program commenced to test three targets generated within the New Afton deposit footprint based on an AI (Artificial Intelligence) study. The program is targeting additional mineralization within the New Afton deposit and is expected to be completed in August 2021.

Additionally, New Gold continues its exploration efforts to define new prospective targets on the broader Companys landholdings aimed to discovery of additional mineralization and potentially extend the life of the mine.

New Gold is committed to responsible mining in all mining, processing and environmental work across our operations and facilities from exploration, to mining, to rehabilitation and closure. As an organization, we strive to reach the highest standards in employee health and safety, environmental protection and community development and engagement. We believe these are key drivers to achieving a productive and profitable business.

Our policies and practices are guided by principles found in the United Nations Global Compact of which we are signatories, and our operational standards are based on the Mining Association of Canadas Towards Sustainable Mining Protocols.

New Gold is committed to working closely with communities to make a positive contribution to the community and regions in which we live and work. We recognize that our growth and success depend on the long-term economic, social and environmental sustainability of each of the communities in which we operate.

New Aftons Community Sponsorship Program reflects our corporate belief that communities should benefit from our operations in both the short and long-term. To that end, we invest in sustainable community development, going beyond traditional philanthropic donations, to support initiatives and projects that have a meaningful and long-lasting positive impact on the community and region in which we operate. To learn more about the program and how your community group might qualify, please click here.

While New Aftons current life of mine ends in early 2030 and ongoing exploration could potentially extend the mine life, we recognize that a comprehensive social plan like this takes time, and that is why we are getting a head start. New Golds Beyond New Afton Project is meant to minimize the negative impacts of the closure process on people and communities - our stakeholders who are connected to an operation, by collaborating early on in the process.

So what is our approach? Well, first, we will work with those who will be impacted. That is why it is important to invite our stakeholders to work together and help drive this project. Hearing different voices, ideas and concerns long before the plan takes shape will provide the information required to build a comprehensive plan.

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