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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 Feb 14, 2019 3:00pm
265 Views
Post# 29365912

RE:RE:RE:RE:Rumours Flying

RE:RE:RE:RE:Rumours Flying I agree.  This mine is operating way below where the company said it would be at this point. I thought they were expecting 300000 to 350000 oz per year.  It's just costing way too  much per oz to mine this deposit.  They are running out of time. Even if King Midas himself were the CEO, he couldn't put more oz in the ground.  Actually, I guess he could turn moose pasture into gold but the new CEO can't.
Bullboard Posts

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