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.

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New Gold Inc

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Post by psych01on Oct 26, 2024 9:55pm

113 Views

Post# 36283737

Gold Mountain is a Clown Show

Who cares what Gold Mountain does---it is a joke.

Highlights for the three months ended July 31, 2024

Gold sales of 114oz from 3,877 tonnes delivered grading at an average of 1.25 g/t
The Company recorded revenue of $105,012 at an average realized gold price1 of $897 (US$658) per ounce of gold sold
Mine operating loss of $1,167,618
Net loss of $2,171,099 or $0.00 per share (basic) during Q2 2025
Adjusted EBITDA1 of ($1,337,101)
Total Cash Costs1 per ounce sold of $10,041
The strip ratio of 22.8 in Q2 2025