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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 canneon May 10, 2017 7:04pm
180 Views
Post# 26228719

RE:RE:RE:RE:price of gold

RE:RE:RE:RE:price of goldSeems to me the author is insinuating that the AISC of RR will be $2100 - $1300. If that is the case, NGD's AISC will rise every year as NGD's other mines become depleted and RR becomes the dominant producer. Resource companies are always on a treadmill in that they are constantly being forced to find new projects to replace lost production. There are plenty of projects that go over budget, the trick is to find the ones with good management that don't get surprised...I just bought some NGD stock as I believe they will initially high grade RR to make it look good and to give themselves some time to bring costs down, after all, they have been very successful at New Afton.
Bullboard Posts