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New Gold turns to exploration having steadied ship

New Gold will increasingly turn its attention to exploration at its Rainy River gold mine in Ontario and New Afton in British Columbia, Canada, having spent 2020 successfully completing a turnaround in its fortunes, president and CEO Renaud Adams said during the 2021 World Gold Forum.

Paul Harris
New Gold's Rainy River mine in Ontario, Canada

New Gold's Rainy River mine in Ontario, Canada

The company finally got operations and costs at Rainy River under control and the increase in the gold price, together with some strategic financing deals, helped bolster its balance sheet, paving the...

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