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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 BASTILLEDAY4Uon Jul 26, 2018 5:27pm
245 Views
Post# 28374018

Appears we have a gold stream

Appears we have a gold stream Under the terms of the agreement, the Company will deliver to Royal Gold 6.5% of gold
production from Rainy River up to a total of 230,000 ounces of gold and then 3.25% of the mine’s gold production
thereafter. The Company will also deliver to Royal Gold 60% of the mine’s silver production to a maximum of 3.1 million
ounces and then 30% of silver production thereafter. Royal Gold paid $175.0 million in consideration of this transaction.
Bullboard Posts