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
From waste to value: How SRK Consulting and TOMRA Mining are redefining pebble processing
SRK Consulting and TOMRA Mining explain that pebble streams are not uniform, and that selecting what to process can improve performance. In documented cases, this has delivered up to a 6% increase in throughput, along with clear economic benefits.