New Afton C zone on track for production beginning second half 2023

Production from the New Afton C zone started in the second half of 2023. Credit: New Gold

New Gold (TSX: NGD; NYSE: NGD) has received the amended mining permit for the C zone at the New Afton gold-copper mine 100 km west of Kamloops, B.C. That means the initial production date remains the second half of next year.

The C zone has probable reserves of 29.5 million tonnes grading 0.68 g/t gold, 1.8 g/t silver, and 0.74% copper. The reserves contain 649,000 oz. gold, 1.7 million oz. silver, and 485 million lb. copper.

Total proven and probable reserves at New Afton are 41.3 million tonnes grading 0.67 g/t gold, 1.8 g/t silver, and 0.74% copper, containing 883,000 oz. gold, 2.3 million oz. silver, and  675 million lb. copper.

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