Articles for tag: Afton, extends, Gold, life, mines, Rainy, River

February 19, 2025

Ron Finklestien

mining

“New Gold Prolongs Operational Lifespan of New Afton and Rainy River Mining Projects”

New Gold’s Rainy River mine is located 65 km northwest of Fort Frances, Ont. (Image courtesy of New Gold) New Gold Enhances Mining Operations with Extended Mine Lifespan New Gold (TSX: NGD) (NYSE American: NGD) has successfully extended the operational life of its New Afton mine in British Columbia and Rainy River mine in Ontario through several strategic technical growth projects implemented over recent years. Growth in Gold and Copper Reserves Increases in reserves are notable at New Afton, where copper and gold reserves have risen by 15% and 13%, respectively, compared to the end of 2024. This boost is

February 28, 2024

Ron Finklestien

mining

A Record Breaker: Harmony Gold Shines with Interim Dividend & Extended Mponeng Mine

Production Boost & Profit Surge Harmony Gold unveiled its financial and operational performance for the first half of 2023 on Wednesday. The mining giant witnessed a remarkable 14% surge in total gold production, reaching 832,349 ounces, up from 733,325 ounces in the same period a year earlier. This upsurge was fueled by a remarkable 30% increase in output from the Mponeng mine. Record Dividend Declaration Harmony Gold’s profit tripled to a staggering 5.96 billion rand in the latter half of 2023 compared to the previous year. Riding on this success, the company has declared a record interim dividend. Shareholders are