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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
Comment by threepalmson Oct 05, 2013 5:25pm
297 Views
Post# 21794090

RE:Opinions Please

RE:Opinions Please
Those with the guts to invest into physical precious metals and good producers and explorers of these minerals will do extremely well in the long term.
Companies like this one that are preparing for better days that will come, will become power houses as long as they do not get ahead of themselves as some large producers have done.
NGD has done well investing into projects in safe jurisdictions and they will likely continue to expand their presence in areas like the emerging Rainy River Gold District. I may be dreaming here but I believe the acquisition of Rainy River Resources will be a huge windfall for NGD shareholders.
I also believe that other explorers in the Rainy River area will do well as this entire district becomes a hot bed of activity.
To understand the situation in relation to the influences on the price of gold and silver I would recommend you follow www.kingworldnews.com
best of luck to all us gold bugs.
Bullboard Posts