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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 Jul 12, 2018 12:05pm
223 Views
Post# 28306630

RR

RRIt is interesting to note how NG has gone from being a mining darling to a company reviled by shareholders. Gold does not have the allure it once had, and the company itself really dropped the ball at Rainy River - I wonder if they would have even built the mine if they knew it would turn out this badly? I waited for what I thought was a time when all the bad news was out there(after the overrun announcement) before I bought in, but much to my disappointment, the bad news kept coming and the stock has slipped by another 30%. Since this is a relatively new operation, I am holding for a little while longer to see if they can improve the process and actually make money mining this deposit but so far, RR has been a company killer...
Bullboard Posts