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Blue Chip Growth

Stock Report: New Gold Inc. (NGD) Report Updated: Feb 08, 2016 | Print This Page

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New Gold Inc. (NGD)

Rating: Hold Volatility: Conservative
Total Grade: C Industry: Metals & Mining
Competitors: DRD, NEM, MUX, STLD
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Company Profile

New Gold Inc., a gold mining company, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. It primarily explore for gold, silver, and copper deposits. The company’s operating properties include the Mesquite gold mine in the United States; the Cerro San Pedro gold-silver mine in Mexico; and the Peak gold-copper mine in Australia. It also has development projects, including the New Afton copper‐gold project in Canada; Blackwater exploration project in Canada; and a 30% interest in the El Morro copper-gold project in Chile. In addition, the company owns interests in the Auro Properties, which include two claim blocks immediately to the southeast of the Blackwater Project. The company was formerly known as DRC Resources Corporation and changed its name to New Gold Inc. in June 2005. New Gold Inc. was founded in 1980 and is headquartered in Vancouver, Canada with an additional office in Toronto, Canada.

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