New Afton, an exciting project currently under construction in Western Canada. At today's gold and copper prices, New Afton will be an important cash flow generator; and
El Morro, a joint project with owner-operator Xstrata, in which New Gold has 30% interest. El Morro entered the permitting stage in November 2008, with delivery of the project's Environmnetal Impact Statement to the Chilean Authorities. Permitting is expected to take from 12 to 18 months, after which development activities could proceed.

Amapari was placed on temporary care and maintenance on January 2, 2009, due to the depletion of ore suitable for treatment at the existing facilities. New Gold is evaluating a recently completed Preliminary Assessment on the economics of developing the sulfide resources at Amapari, which would require installation of a conventional crush/grind/carbon-in-leach mill. Considering the large land package in a geologically permissive setting and the occurrence of several interesting targets, the company is also investigating other strategic alternatives for the project.

Website Recording by Q4 Web Systems 3.5.7.1024