Wednesday, March 17, 2010

New Gold's (TSE:NGD) Cerro San Pedro Mine Resumes Operations

New Gold's Cerro San Pedro Mine Open for Full Operations

New Gold's (TSE:NGD) announced operations at its Cerro San Pedro mine in Mexico have resumed after it had been partially closed down while waiting for a court to make a decision on the use of explosives at the project.

In 2009 the environmental ministry revoked the permit given to the company in 2006, based on a federal court ruling in the country.

New Gold added they maintain their production estimates at Cerro San Pedro of between 95,000 and 105,000 ounces, at a cost of C$390 to C$410 an ounce sold.

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