Day: September 29, 2014

New Gold Inc. is very pleased to announce the appointment of David Schummer as Executive Vice President and Chief Operating Officer. Mr. Schummer joins New Gold having spent 22 years at Newmont Mining Corporation moving into progressively more senior operating roles, ultimately becoming the Senior Vice President of African Operations. While running Newmont’s African division, Mr. Schummer’s responsibilities included management of the successful development and start-up of the $1 billion Akyem open pit project, which was delivered on time and on budget, as well as the operation of the Ahafo mine which produced over 500,000 ounces of gold in 2013. Prior to his time in Africa, Mr. Schummer was Newmont’s Vice President of North American Operations where he managed a group of eight operating mines, including both open pit and underground operations, which collectively produced approximately two million ounces of gold annually.

En sólo tres años, el precio internacional de la plata pasó del cielo al suelo, pues en marzo de 2011 llegó a USD 48.8 la onza y en septiembre de este año cayó a USD 17.7, por lo que de continuar la tendencia, algunos de los proyectos mineros a futuro en México podrían retrasarse.

Soltoro Ltd. has received a revised independent resource estimate on its 100% owned El Rayo silver project in the State of Jalisco, Mexico. The NI 43-101 compliant resources were estimated by Agnerian Consulting Ltd., and includes an updated estimate of the Las Bolas deposit, the La Soledad deposit and a first time disclosure of the Mineral Resources of the historic Catarina mine. The revision considers a smaller tonnage, higher grade resource that could be exploited through a combination of small open pit and underground operations.