New Afton now one of just two mines run by New Gold
KAMLOOPS — Despite the divestments of two mines this past year, New Gold says the Kamloops project’s future looks bright.
Scott Davidson is the environment, social responsibility and tailings manager with the company. He says both the Mesquite and Peak Mines, located in the United States and Australia respectively, were sold earlier this year, leaving New Gold operating the New Afton and Rainy River mines.
“Both of the operations… required substantial capital inputs in order to unlock their continued potential,” Davidson says. “Really the need for that additional capital and the current situation of New Gold where we have to really be focused with where we’re putting our capital, the decision was made to find buyers for those operations that could help them to unlock their potential while also allowing us to focus our capital on (our other projects).”