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
Beneath the surface: The long-term effects of mining on water tables and soil health
Mining activity uses monumental amounts of water while contaminating it as a by-product of essential operations. Jane Marsh, Editor-In-Chief at Environment.co explains how workers can protect both themselves and the surrounding soil by using more sustainable methods.