New Gold Inc. (NGD)
New Gold Inc. (NGD) is a mining company focused on the exploration, development, and production of gold and silver properties. The company operates several mineral projects primarily in North America, with an emphasis on sustainable and environmentally responsible mining practices. Founded in 1980 and headquartered in Canada, New Gold aims to deliver long-term value through its diversified portfolio of mining assets.
Company News
Gold prices surge beyond $3,300 per ounce in 2025, driven by investor skepticism about global financial systems. Canadian gold ventures, particularly in the Abitibi Greenstone Belt, are experiencing increased investment and momentum toward production.
Puma Exploration Inc. has completed transactions with NB Gold Inc. and Comet Lithium Corporation to secure a 70% interest in the McKenzie Gold Project, which is strategically located near Puma's flagship Williams Brook Gold Project.
Gold prices jumped in 2024 due to increased geopolitical tensions, a weaker U.S. dollar, potential monetary policy easing, and continuous central bank buying. The gold mining industry is facing a scarcity of deposits, while demand is rising from sectors like energy, healthcare, and technology, as well as from India and China. This demand-supply imbalance is expected to drive gold prices higher.
NGD earnings call for the period ending March 31, 2024.
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