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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
Comment by papineauon Jan 20, 2018 10:14am
97 Views
Post# 27400385

RE:RE:RE:by the numbers

RE:RE:RE:by the numbersI think it's a valid question.   I emailed Julie about the grades at RR in Dec and she didn't reply, so it's not as simple as you say.  When you look at RR by itself, AT THE PRESENT TIME it's underperforming their guidance. At AISC above $1400 to $1460 they are losing money on every oz produced at today's prices. I'm not sure it matters much that RR has added to their overall production if they are losing money on those oz. I think this is why the market didn't like the update.   They either need to achieve higher grades or run the processing circuit more efficiently.  I have a lot of shares so I hope they have better news when they report the year end.  

All sensible opinions welcomed concerning just Rainy River.  Tell me what I'm missing here.
Bullboard Posts

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