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New Gold to sell Mesquite mine to Equinox Gold for $158M

Sep. 19, 2018 5:41 PM ETNew Gold Inc. (NGD) Stock, NGD:CA StockBy: Carl Surran, SA News Editor33 Comments
  • New Gold (NYSE:NGD) agrees to sell its Mesquite mine in California to Equinox Gold (EQXFF) for $158M, which NGD says was no longer a core asset.
  • NGD says Mesquite averaged more than 135K oz./year of gold over the last 10 years since predecessor company Western Goldfields brought the mine back into production.
  • Mesquite's gold deposit at year-end 2017 was estimated at 1.13M oz. of proven and probable reserves and an additional 1.18M oz. of measured and indicated resources.

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