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New Gold sells Peak to Aurelia

New Gold (CN:NGD) is jettisoning its Peak Mines operation at Cobar, New South Wales, as it rebuilds its balance sheet following the pricey launch of its Rainy River mine.

New Gold sells Peak to Aurelia New Gold sells Peak to Aurelia New Gold sells Peak to Aurelia New Gold sells Peak to Aurelia New Gold sells Peak to Aurelia

Toronto-based New Gold, which earlier this year sold its El Morro gold stream to help bridge a liquidity gap, will bring in US$58 million from the Peak sale to Australia-based buyer Aurelia Metals

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