It is "temporary" suspension. Hopefully it will still go through. The delay is of course never a good thing, especially when they have to stop construction work. It is wasted time. But considering how slow administration is, we can expect a pretty significant delay. But looking at the time span of 2017 for production and September 2012 for start of construction I believe it isn't as significant news. New Gold doesn't pay for construction so no problems there. The cash flow could be delayed for several months though.
The main thing is, New Gold is still at a very low p/e ratio of about 11 when production starts in June this year, so I don't see New Gold go down significantly. Maybe to 8$/share but not lower than that. If gold goes back up, it will certainly put a bottom to the share price.
a little momentum starts to build and something comes along to derail the train...NGD will be down 5-7% today. My interest in miners is being depleted by the day by events such as reported from Chile. Sometime back I suggested there was something wrong down there; didn't know what it was, and now this .... what does it mean, one wonders....how much of a delay?