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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 miningmanon Jul 26, 2018 4:19pm
168 Views
Post# 28373659

RE:RE:NO where close!!!!!!

RE:RE:NO where close!!!!!! The fundamental problem here is EXACTLY  the same at DGC.  Both  operations have an ore reserve grade of close to 1  gram per tonne.  I am sure some of the big heap leach operations in Nevada are successfully  mining  similiar  low grade,  but  their capital costs are largely paid off.



Both these operations are  showing that 1 gram per tonne is waste,  if you have to repay  construction costs  and if you have to mine tough  canadian rock rather than  weak nevada leachable material, 1  gram is not  ore!!!!!
Bullboard Posts