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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
Post by canneon Mar 29, 2018 12:24pm
137 Views
Post# 27803277

resources

resourcesMinerals, metals, oil, uranium, you will have a hard time finding winners in these categories. I have invested in these categories for years, mining companies face tremendous hurdles in Canada (especially BC) capital costs are high as is environmental opposition. Oil is largely land locked and our biggest customer is buying at large discounts, potash is at decades low prices, uranium is in the same boat and gold, the "store of value" is not really reflected in the value of its producers given the political turmoil all around us. I think the best a company like NGD can do is contain costs, maximize profits and get rid of debt as quickly as possible. I'm dubious that building new mines is cost effective compared to buying production, we only have to look at Rainy River for an example of what can go wrong and how much it costs to fix it, NGD now has a large long term debt and over 550 million shares out there, any more equity raises or debt issuance will only worsen investors position. -just my opinion.
Bullboard Posts