Shares of New Gold rose 4.1% to $1.01 in premarket trading following the company’s announcement of the resumption of mining activities at the Afton gold-copper mine in Kamloops, British Columbia.
The activities had been paused to confirm the structural integrity of the tailings storage facility.
Despite a 7.7% decrease last Thursday when New Gold (ASX:NGD) suspended its underground mining activities, the stock managed to decrease only 1% Year-To-Date up to Thursday’s close.
New Gold (ASX:NGD) is a U.S.-listed mining company with shares listed on the Toronto Stock Exchange.