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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 dudediligenton Dec 14, 2009 6:55pm
477 Views
Post# 16586430

Timing is everything

Timing is everythingJumped back in on Friday as it hit another support line. Was out all day to come back and see the positive news. This will get settled and don't see this mine being down again. There is too much at stake for both parties. The local employment from this mine is huge and I don't think authorities want to take that away. Newgold could easily just sit on the resources for some time and move on to Afton or other opportunities. This gold is going to come out of the ground sooner or later unless the Mexicans want to bury their heads in the sand.
Great news today in the first step of getting this resolved. Money or livelihood usually wins out.
Bullboard Posts