The Mesquite gold mining operation is located in Imperial County, California. New Gold acquired the mine in June 2009 as a result of a successful business combination with. Western Goldfields Inc (‘WGI’). Prior to the business combination, WGI acquired the Mesquite Mine from Newmont Mining Corporation in 2003 and subsequently completed a positive feasibility study in 2006. WGI commenced commercial production at Mesquite in January 2008.
Operating Statistics1
|
Mesquite (100%) |
2008 |
2009 |
|
Ore tonnes (000's) |
8,944 |
13,640 |
|
Grade Au g/t |
0.75 |
0.55 |
|
Total Recovery Au % |
55 |
70 |
|
Total Production Au (thousand ounces) |
108 |
140-150 |
|
Total Cash Cost US$/oz2 |
508 |
530-540 |
|
CAPEX US$ M |
22.1 |
1.5 |
1. All figures are for full years, whereas, previously reported figures are subsequent to June 1, 2009, the date of the acquisition.