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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

Post by greendayyyyon Sep 20, 2024 2:35pm
189 Views
Post# 36233641

Price

PriceIn 2015, gold collapsed and gold and silver mining stocks followed suit. Today, gold is at its highest and mining stocks are in the same price range as in 2015.   It's no longer a problem of the price of gold, but rather that the big buyers aren't there. A lot of silver has flowed out of ETFs this year, and until buyers return to the market, the price of gold-silver mining stocks will remain volatile. 
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