New Gold Inc.
Latest New Gold Inc. News and Updates
Will Gold Keep a Close Watch on Inflation Numbers?
Donald Trump’s recent victory is shining a light on the possibility of a rise in inflation and how such a rise could work for gold.
Why Are Precious Metals Showing Weakness?
Gold broke its key level of $1,300 per ounce on Tuesday, October 4, 2016. But investors are seeing gold’s 200-day moving average of $1,258 per ounce as a resistance level.
Decelerating Production Growth for Some Intermediate Gold Miners
New Gold produced 123,000 ounces in 3Q15. It has guided for a production toward the higher end of the guidance range of 390,000–410,000 ounces for 2015.
Gold Miners’ Geographic Exposure Impacts Growth Prospects
While gold miners try to limit their exposure to safe jurisdictions, it’s important to look at geographic exposure and its implications on their prospects.
Intermediate Gold Miners Fell in 2015 and Beyond
From the start of 2015 to January 8, 2016, the prices of gold (GLD) have fallen by 7% and the VanEck Vectors Gold Miners Index (GDX) has fallen by 23%.
India’s Gold Demand May Touch 1000 Tonnes in 2015
The World Gold Council predicted that India’s gold demand in the October–December quarter would be muted. Gold imports shrank 36.5% to $3.53 billion in November.
Key for Investors: Understanding Mining Cost Structures
The cash cost has been the dominant measure of the gold mining cost structure. It represents what the mine costs are for each ounce of gold.
Goldcorp Forms Project Corridor Joint Venture with Teck Resources
The combined project will be a 50:50 joint venture between Goldcorp and Teck with the interim name of Project Corridor.
Goldcorp Acquires New Gold’s 30% Interest in the El Morro Project
On August 27, Goldcorp (GG) announced that it has entered into an agreement with New Gold (NGD) to acquire its 30% interest in the El Morro gold-copper project in Chile.
China’s Falling Stock Market Pushes Gold Upward
The turnaround from the direction that gold was headed during the last month has also supported silver prices. Silver fell marginally by 0.68% last month.
