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.

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New Gold Inc

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Comment by sumosalaron Nov 03, 2009 1:27pm

455 Views

Post# 16448370

RE: RE: Trend Reversal

From what I have read, gold has not been a good hedge against inflation over the past 30 years. Thus, it appears to me that the POG is playing 'catch up' and has a good way still go. Therefore, it would seem that the smaller miners, NGD included, should benefit from the continuing increase in the POG. Am I reading this right?

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