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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 Ronbromleygrosson Sep 13, 2024 9:57pm
134 Views
Post# 36223453

RE:And remember during COVID, we all could have should have

RE:And remember during COVID, we all could have should have

NGD had no choice but to sell that mine in order to survive. We could not have got that mine through the buildout and first production. We did not have the funds to keep that mine.  It was sitting there doing nothing for us.  

On the  bright spot, NGD is now at a stage where we will duplicate the great sp returns that ARTG seems to have had over the last while.  Our problems and past financial issues are behind us now and we should be a huge FCFP producer  with increasing production and new reserves discovered all while the pog is now moving up huge.

NGD can easily be a 2x, 3x 5x multiple in the blink of an eye.  

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