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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 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.


TSX:NGD - Post by User

Bullboard Posts
Post by papineauon Sep 28, 2016 12:03pm
257 Views
Post# 25286058

Cost over runs

Cost over runsOnce the huge cost over runs on the tailings pond hit the news it weighed heavily on the stock.  Analyst downgrades didn't help.  The worry is that they will be running critically low on cash by the middle of next year when Rainy River is to start producing. Plus in my experience, startups are a
ways plagued with problems.  I watched the CEO on BNN and he was too cavalier about the cost overruns.  This stock was behaving beautifully until they revealed the problems.  Took a big hit and has never recovered 

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