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.

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New Gold Inc

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Comment by gwron Sep 20, 2018 9:22pm

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Post# 28660801

RE:RE:RE:Whats the point of selling the Mesquite Mine

Mesquite was a non-core asset and the deal is a win win for both companies, best kind of deal. I hold significant stock positions in both companies and am very happy with the deal. This shores up the balance sheet for New Gold and when the market sees Rainy River improvements which they will over the coming months then look for JV deal on Blackwater and this stock will triple easy and if gold price does what I expect then all forecasts go much higher.

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle