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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 canneon Jun 13, 2018 6:35pm
278 Views
Post# 28168763

reputation

reputationI have a feeling that the shine is off of NGD and we are in for a long period of mediocre performance as management tries to bring some enthusiasm back to the name, they have a tough road to follow as the debt is high and the RR project is not living up to expectation. They have to think about Blackstone but it is another costly project. Someone said they should just make an acquisition but paying for it without handing present shareholders a "got shafted" card would be tricky indeed. Whatever reputation this company had had has been tarnished and it is now a show me investment.
Bullboard Posts