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 > Gold Mountain is a Clown Show

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Post by psych01 on Oct 26, 2024 9:55pm

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