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New Gold nears first production at Rainy River

from Canadian Mining Journal

New Gold provided an update on the construction of the company's Rainy River project, located in northwestern Ontario. Both the project schedule and capital cost estimate remain in line with New Gold's updated plan announced in late January 2017. The company continues to target first gold production in September 2017, and the estimated development capital cost from the beginning of this year to the targeted November 2017 commercial production remains $515 million. more

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