Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Canadian miner New Gold (TSX, NYSE: NGD) resumed on Friday underground mining at its New Afton gold-copper operation in Kamloops, British Columbia, following an inspection certifying the structural integrity of its tailings.
The Toronto-based company said this week that experts had observed geotechnical variances at the mine’s tailings storage facility during an inspection. As a result, New Gold suspended operations until the dam safety could be guaranteed.
The company said its engineer completed a thorough review on August 10 and confirmed the New Afton tailings storage facility’s status was normal.
Milling operations were unaffected during the suspension, and in-pit tailings deposition continued as planned.
New Gold said New Afton remained well positioned to meet all annual production and cost guidance metrics set out earlier in the year.
