January 25, 2010 / 12:35 PM / in 8 years

UPDATE 1-New Gold sees increase in 2010 gold production

* Sees about 10 to 20 pct increase in 2010 gold production

* Reports 2009 gold production of 301,773 ounces

TORONTO, Jan 25 (Reuters) - Canadian gold miner New Gold NGD.TO said on Monday it expects its annual gold production to increase by about 10 percent to 20 percent over 2009 levels, helped by increased production from its Mesquite gold mine in California.

The company, which owns assets in the United States, Mexico, Australia, Canada, Brazil and Chile, reported 2009 gold production of 301,773 ounces, at total cash costs of $462 per ounce.

Vancouver-based New Gold forecast 2010 gold production of between 330,000 and 360,000 ounces, at total cash costs of $445 to $465 per ounce. (Reporting by Euan Rocha; Editing by Derek Caney)

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