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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

Comment by greendayyyyon May 30, 2024 12:55pm
196 Views
Post# 36064712

RE:Long here

RE:Long here
When NGD closed the sale of the Blackwater Project to Artemis in 2020, it was great news for the company. They received $190 million in cash and 7.5 million common shares if I recall correctly. Blackwater was a burden for the company and this sale put NGD back on track. Today the company is in good shape and should perform well in the coming months. I believe a price of $5 could be reached in the next few weeks. Personal opinion, of course.
 
 
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