New Gold completes sale of Mesquite mine
Published by Claire Cuddihy,
Assistant Editor
Global Mining Review,
New Gold Inc. (New Gold) has completed the previously announced sale of the Mesquite mine located in California to Equinox Gold Corp. for gross proceeds of CAN$158 million, subject to certain post-closing adjustments.
The transaction strengthens the company's liquidity position and enhances its financial flexibility.
Read the article online at: https://www.globalminingreview.com/finance-business/31102018/new-gold-completes-sale-of-mesquite-mine/
You might also like
Data goldmines: Advanced analytics optimise brownfields in uncertain times
Jane Marsh, Editor-In-Chief at Environment.co, explores how advanced data analytics and digital technologies can revitalise brownfield mining operations, enabling resource companies to boost yield, reduce costs, enhance safety, and extend mine life.