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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 pierre013on Jan 20, 2018 6:31pm
136 Views
Post# 27401982

RE:RE:by the numbers

RE:RE:by the numbersVery simple.There is always a delay between the production and the sale itself. The goldminers use brokers to sell their production. When you're in a start-up phase like right now, there is no sold ounces from the previous quarter to fill this delay. That's it, that's all.For the grade,it's also simple. When they do the commissionningand a part of the start-up, they use low grade ore to make sure they don't waste any until the process is well controlled. 
RR has a grade of 1 gr/ton, so I would say to everybody on this b.b. to sit down and relax.NGD will achieve the target they have put for 2018 production.There's a big gap between the low and high end because it's the first year of production but in 2019, the gap will be closer to realitylike the other mines.
Bullboard Posts