New Gold has entered into a binding agreement with Aurelia Metals Ltd. to sell the Peak Mines, located in Cobar, New South Wales, Australia, for $58 million.
“Peak has generated significant value for New Gold and predecessor companies over its 25 years of operation,” said Hannes Portmann, president and CEO, New Gold. “Peak’s robust history of replacing and growing its mineral resources has been key to its successful contribution to New Gold’s portfolio of assets.”
