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New Gold is to trim its asset base further to improve its balance sheet, entering into an agreement with Artemis Gold to divest its Blackwater project in British Columbia, Canada, for more than C$190 million.
Blackwater in British Columbia, Canada
The company will receive $140 million in cash up front, $50 million payable a year after closing, $20 million in Artemis shares, and an 8% gold stream at a price equal to 35% of the gold spot price,
First gold pour has been pushed back to Q1 2024 from H2 2023
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