RE:RE:RE:RE:Another multi bagger target...Not the full story. They had a devil of a time with Rainy River but all of that is behind them now. They had a good quarter just now and outlined how all the capital investment is nearing completion. Do the math on 35% increase in gold and 60% increase in copper driving their AISC down 50%! It's a massive turnaround story. You don't buy stock for what something did, you buy it for what it will do.
This is a far more predictable outcome than any development project. TLG is a a gamble...a good gamble for sure as is ASCU and SKE but NGD has an actual achievable plan that will result in stunning improvements in free cash flow and profits.
- 2024 is expected to be the final year of significant capital spending, as the Company starts to realize the benefits of these expenditures. As a result, consolidated gold production is expected to increase by approximately 35% over 2023 to 410,000 to 460,000 ounces in 2026. Copper production is expected to increase by approximately 60% compared to 2023 to 71 to 81 million pounds in 2026. All-in sustaining costs (on a by-product basis)2 are expected to decrease by over 50% compared to 2023 to between $650 and $750 per ounce in 2026.
- The higher production, lower total cash costs, and lower capital spend over the next three years are expected to drive significant free cash flow for the Company.