New Gold, an intermediate gold mining company, has a portfolio of four producing assets and two significant development projects. New Gold’s New Afton project met its targeted June 2012 production start and is scheduled to begin commercial production in August 2012.
Together with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia, the company is forecasting between 405,000 and 445,000 ounces of gold production in 2012. In addition, New Gold owns 30% of the world-class El Morro project located in Chile and 100% of the exciting Blackwater project in Canada.