RAINY RIVER – New Gold Inc.’s open pit mine in Rainy River reports that they have made significant process despite the heavy rainfall and flooding experienced in the region.
In July and August, the open pits pulled out approximately 21,000 tonnes of ore in a single day, which New Gold Inc states is a 70 per cent increase compared to the 12,295 tonnes mined per day during the second quarter.
The strip ratio materially decreased, averaging approximately 4:1 compared to 7.96:1 during the second quarter. The strip ratio is expected to average below 3:1 for the remainder of the year. Gold equivalent production during July and Aug. totalled approximately 41,000 ounces, and the operation remains on track to meet its updated annual gold equivalent guidance of 230,000 to 250,000 ounces.
"The team at Rainy River responded very well following the heavy rainfall and flooding during the second quarter," stated Renaud Adams, President & CEO. "Over the past month, efforts continued dewatering the pit along with additional operational improvements to position the open pit to its optimal conditions."
In July and August, Rainy River produced a total of approximately 41,000 gold equivalent ounces and the mine is well positioned to have a strong finish to 2022 and deliver on its updated guidance. In addition, we had our first stope blasted in the Intrepid zone, a significant milestone for the mine, and we look forward to the continued ramp-up in underground production over the coming months."
New Gold Inc. also states that they have taken steps over the summer to better position the open pit operations. 2.4 million tonnes are left to be mined at the beginning of the fourth quarter.