PRECIOUS METALS

Grade issue could impact Rainy River

Unexpected lower grade at New Gold’s Rainy River gold mine in Ontario, Canada in July has resulted in the company issuing a guidance warning, which has taken the shine off its solid results in the three months to June 30.

New Gold's Rainy River mine in Ontario, Canada

New Gold's Rainy River mine in Ontario, Canada

The company cautioned that grades at the East Lobe pit at Rainy River were significantly below expectations in July, and that as East Lobe represents about 50% of the tonnes to be mined in the second semester,...

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