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