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New Gold completes sale of Mesquite mine

Published by , 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.

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Canadian mining news