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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.


TSX:NGD - Post by User

Bullboard Posts
Post by thinker1951on Nov 19, 2009 12:43pm
398 Views
Post# 16503969

down 100000 oz

down 100000 oz

Production

  2007 2008 2009 Forecast
Peak Mines
Gold (thousand ounces) 116.5 100.5  90 - 100
Copper (million pounds) 7.49 8.25  13 - 15
Mesquite
Gold (thousand ounces) n/a 108 140-150
Cerro San Pedro
Gold (thousand ounces) 26.8 84.6  90 - 100
Silver (million ounces) 0.4 1.1  1.1 - 1.3
Amapari Mine
Gold (thousand ounces) 96.4 87  10 - 12
Total
Gold (thousand ounces) 239.7 272 330 - 360
Copper (million pounds) 7.49 8.25 13 - 15
Silver (million ounces) 0.4 1.1  1.1 - 1.3


Not good news for ng. That is a 100000 oz drop. I understand this is an ongoing fight between enviromentalists and ngd. Does anyone have knowledge of the situation. I didnt realize their was this 9 year protest about this mine. Kinda news that bites your butt unexpectetedly.  
Bullboard Posts