New Gold Inc.
NGDNew 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
Q-Gold Resources is conducting its second 2025 diamond drilling campaign at the Mine Centre Gold Project in northwestern Ontario, targeting high-grade gold veins near the historic Foley Mine. The program aims to extend mineralization knowledge and work towards a maiden NI 43-101 compliant resource estimate.
Coeur Mining announced an acquisition of New Gold for $7 billion, creating a North American precious metals producer, which initially caused Coeur's stock price to drop.
New Gold reported strong Q3 results with increased gold and copper production, record free cash flow of $205 million, and reduced debt, leading to an 11% stock price increase.
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 i...
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