New Gold (AMEX:NGD) Shares Plunge as Mexican Court Denies Appeal

Filed in Cerro San Pedro, Gold, Gold Prices, New Gold by on July 7, 2010 0 Comments

New Gold (AMEX:NGD) (TSE:NGD) said today it has had its appeal concerning the revocation of its environmental permit at its Cerro San Pedro mine, denied by a Mexican court. This evidently reverses an injunction they won in December against the original ruling which force operations at the mine to be suspended, but which freed them to continue production to this point in 2010. For New Gold this

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New Gold (AMEX:NGD) Shares Plunge as Mexican Court Denies Appeal

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