Mineral Resources

Mineral Resource estimates as at December 31, 2015, exclusive of Mineral Reserves, are presented in the following tables:

MEASURED AND INDICATED MINERAL RESOURCE ESTIMATES (EXCLUSIVE OF Mineral RESERVES)

Metal Grade Contained Metal
Tonnes
000s
Gold
g/t
Silver
g/t
Copper
%
Gold
Koz
Silver
Koz
Copper
Mlbs
NEW AFTON
A&B-zones
Measured 16,940 0.69 2.1 0.87 377 1,134 325
Indicated 10,512 0.46 2.2 0.68 156 749 157
A&B-zones M&I 27,451 0.60 2.1 0.80 534 1,878 482
C-zone
Measured 2,230 1.05 2.2 1.21 75 161 59
Indicated 15,462 0.79 2.2 0.96 392 1,075 326
C-zone M&I 17,693 0.82 2.2 0.99 467 1,226 386
HW lens
Measured
Indicated 10,560 0.51 2.1 0.44 174 703 102
HW lens M&I 10,560 0.51 2.1 0.44 174 703 102
Total New Afton M&I 55,704 0.66 2.1 0.79 1,175 3,809 971
MESQUITE
Measured 4,595 0.40 60
Indicated 50,524 0.47 771
Total Mesquite M&I 55,119 0.47 831
PEAK MINES
Measured 2,000 3.56 5.9 0.94 220 370 41
Indicated 2,100 3.20 8.9 1.14 220 610 53
Total Peak Mines M&I 4,100 3.37 7.5 1.04 440 980 94
CERRO SAN PEDRO
Measured
Indicated
Total Cerro San Pedro M&I
RAINY RIVER
Direct processing material
Open pit
Measured 3,294 1.19 1.8 127 185
Indicated 37,530 1.15 3.5 1,391 4,189
Open pit M&I (direct processing) 40,824 1.15 3.3 1,518 4,374
Underground
Measured
Indicated 4,834 3.74 12.6 581 1,952
Underground M&I (direct processing) 4,834 3.74 12.6 581 1,952
Stockpile material
Open pit
Measured 1,244 0.35 1.3 14 51
Indicated 36,360 0.43 2.5 500 2,942
Open pit M&I (stockpile) 37,604 0.43 2.5 514 2,993
Total M&I
Measured 4,538 0.97 1.6 141 236
Indicated 78,724 0.98 3.6 2,472 9,083
Total Rainy River M&I 83,262 0.98 3.5 2,613 9,319
BLACKWATER
Direct processing material
Measured 289 1.39 6.6 13 61
Indicated 41,128 0.86 4.5 1,135 5,950
M&I (direct processing) 41,417 0.86 4.5 1,147 6,012
Stockpile material
Measured
Indicated 14,070 0.32 4.0 144 1,809
M&I (stockpile) 14,070 0.32 4.0 144 1,809
Total Blackwater M&I 55,487 0.72 4.4 1,292 7,821
CAPOOSE
Indicated 17,671 0.54 22.1 308 12,562
Total M&I 6,659 34,491 1,065

Notes to the Mineral Resource estimates (exclusive of Mineral Reserves) are provided on page 25 of this Annual Report.

INFERRED Mineral resource estimates

Metal Grade Contained Metal
Tonnes
000s
Gold
g/t
Silver
g/t
Copper
%
Gold
Koz
Silver
Koz
Copper
Mlbs
NEW AFTON
A&B-zones 6,875 0.35 1.3 0.36 77 296 55
C-zone 6,856 0.48 1.5 0.54 106 328 87
HW lens 969 0.69 1.5 0.46 21 45 10
New Afton Inferred 14,702 0.43 1.4 0.45 205 672 145
MESQUITE 4,858 0.37 59
PEAK MINES 2,000 3.14 10.9 1.13 200 690 49
CERRO SAN PEDRO
RAINY RIVER
Direct processing
Open pit 10,699 0.84 1.8 289 621
Underground 2,591 4.21 7.8 351 646
Total direct processing 13,290 1.50 3.0 640 1,267
Stockpile
Open pit 9,876 0.36 1.1 113 339
Rainy River Inferred 23,166 1.01 2.2 753 1,606
BLACKWATER
Direct processing 10,378 0.80 3.7 266 1,235
Stockpile 2,493 0.33 3.1 27 248
Blackwater Inferred 12,871 0.71 3.6 293 1,483
CAPOOSE 23,591 0.44 26.3 334 19,948
Total Inferred 1,844 24,399 194

Notes to the Inferred Mineral Resource estimates are provided in this section's drop-down menu.

El Morro Mineral Reserves and Resources

The table below sets out the Mineral Reserve and Mineral Resource estimates, on a 100 percent basis, for the El Morro project, as well as New Gold’s 4 percent stream interest. The El Morro project, together with the Relincho project in Chile, is now held by a 50/50 joint venture between Goldcorp and Teck Resources Limited. The following information is based on information available to the company as of March 28, 2016. See the “General Development of the Business – Developments – Projects and Mines – El Morro Project” section for more information.

El Morro Property Mineral Reserves and Resources as at December 31, 2015
(Goldcorp 50% – Teck 50% Joint Venture)

Metal grade Contained metal New gold 4% stream interest
Tonnes
000s
Gold
g/t
Copper
%
Gold
Koz
Copper
Mlbs
Gold
Koz
Mineral Reserves
Proven 321,814 0.56 0.55 5,820 3,877 233
Probable 277,240 0.35 0.43 3,097 2,626 124
Total P&P 599,054 0.46 0.49 8,917 6,503 357
Mineral Resources
Measured 19,790 0.53 0.51 340 223 14
Indicated 72,563 0.38 0.39 880 630 35
Total M&I 92,353 0.41 0.42 1,220 853 49
Inferred
Total Inferred 678,066 0.30 0.35 6,453 5,190 258

Notes to the Inferred Mineral Resource estimates are provided in this section’s drop-down menu.