New Gold

Location: Prince George, British Columbia
Commodity: Gold
Project Phases: PFS/FS

Client Overview

New Gold Inc., headquartered in Toronto, Ontario, is a prominent gold mining company with two operational mines, New Afton in Kamloops, B.C., and Rainy River near Emo, Ontario. The Blackwater Project in Central B.C. represents a significant development within its portfolio.

TMG’s Contributions

TMG was crucial in supporting New Gold in advancing the Blackwater Project. The scope of TMG’s involvement centered on effective management and oversight of the Trade-Off Study. Key areas addressed during this study included:

• Evaluation of Tailings and Waste Rock Handling: TMG comprehensively evaluated alternate tailings and waste rock handling methods. This critical assessment aimed to identify optimal approaches to enhance project efficiency and sustainability.
• Assessment of Crushing and Grinding Processes: The Trade-Off Study evaluated alternate crushing and grinding processes. TMG’s expertise was instrumental in determining the most suitable methods to achieve project goals effectively.
• Exploration of Gold Recovery Alternatives: TMG conducted a thorough investigation of several gold recovery alternatives. This assessment sought to identify the most efficient and cost-effective strategies for gold extraction.

Results

TMG’s involvement in the Blackwater Project generated substantial results, contributing to the project’s success:

Novel Modular Approach: TMG introduced a novel modular approach significantly reducing upfront capital requirements. This innovative strategy improved project cost-effectiveness and had a notable positive impact on Free Cash Flow.

The Blackwater Project exemplifies the synergy between New Gold and TMG. It underscores the importance of strategic trade-off assessments and innovative modular approaches in achieving project efficiency and financial sustainability. This case study reaffirms New Gold’s commitment to responsible mining practices, cost-effective development, and strategic collaboration for successful project outcomes.