Bullboard - Stock Discussion Forum 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... see more

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TSX:NGD - Post Discussion

New Gold Inc > Long here

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Post by kumutwist on May 30, 2024 11:50am

Long here

and ready to break out

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Comment by greendayyyy on May 30, 2024 12:55pm

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 ...more

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Comment by Ronbromleygross on May 30, 2024 8:13pm

The company has indeed turned the corner. Been holding since I bought at peak price of about $13 or $14 cdn about 12 years ago. I dollar cost averaged down when it was around $2 or $3 cdn. My avg is now around $3.90 cdn. I will be so bloody happy when this hits that avg. (33k shares). Yeah I say we hit $5 cdn by eoy. We are in a bull market in gold too ...more

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