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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 Roundtripon Jul 09, 2008 11:10am
228 Views
Post# 15272970

RE: CEO Bob on BNN

RE: CEO Bob on BNNtoo expensive

Who thought that Ian Telford's Wheaton River would merge with Goldcorp?  

Bob Gallager, NGD's CEO, said that they were interested in increasing the proportion of gold that they produce and that they are interested in acquiring a producer.  The list is a small one. 

He also mentioned that with Pierre Lassonde on their board he will help keep personality issues from hurting a good business deal.  I think the reason Aurizon didn't want to be taken over by Northgate ran into that problem.  Pierre Lassonde could make a deal that would work, IMO.

I looked up the market cap of ARZ ($670 million), MFL ($545 m), WGI (316 m), AME ($44 m) and NGD ($1.6 billion).  Any other ideas?

Bullboard Posts