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Author Topic: NGD - New Gold, Inc. - AMEX  (Read 12801 times)
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Vegas
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« on: December 25, 2008, 09:53:04 PM »


Daily Chart:  http://stockcharts.com/h-sc/ui?s=NGD&p=D&b=5&g=0&id=p11530901891

Weekly Chart:  http://stockcharts.com/h-sc/ui?s=NGD&p=W&b=5&g=0&id=p89996982291

News:  http://finance.yahoo.com/q/h?s=NGD+Headlines

Business Summary:  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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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #1 on: January 09, 2009, 11:00:13 PM »

New Gold Reduces Debt Position by C$50 Million

January 9, 2009 – VANCOUVER, BC – New Gold Inc. (“New Gold”) (TSX and AMEX – NGD) today announced that it has agreements with certain note holders that will reduce its debt position by $50 million through the buy back of a portion of its Senior Secured Notes with a face value totalling $50 million for consideration of $30 million.

The purchase and cancellation of these notes reduces New Gold’s Senior Secured Notes debt from $237 million to $187 million and results in a reduction of $5 million per year in interest payments. This transaction will also result in an estimated pre-tax gain of approximately US$14 million in the first quarter of 2009.

Mr. Robert Gallagher, President and Chief Executive Officer said, “The opportunity to purchase $50 million of our outstanding debt at a considerable discount to face value significantly strengthens our balance sheet and is consistent with our strategy to maintain a solid financial position.”

As a result of this transaction, New Gold’s total debt will be reduced to $242 million which is comprised of $187 million of the Senior Secured Notes at an interest rate of 10%, expiring June 2017 and $55 million of the Convertible Debentures at an interest rate of 5%, expiring June 2014. New Gold had previously reported that as of September 30, 2008, it had cash and cash equivalents of US$251 million.

http://www.kitco.com/pr/1738/article_01092009082221.pdf
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Shali
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« Reply #2 on: February 09, 2009, 11:09:29 AM »

Looks like this is one has pulled back quite a bit today. Good entry point?
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« Reply #3 on: February 09, 2009, 02:59:26 PM »

Looks like this is one has pulled back quite a bit today. Good entry point?

I hope it makes a huge pull-back... I would love to ride this one again...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #4 on: February 09, 2009, 03:46:24 PM »

I got in at 2.26. We'll see what it does....
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« Reply #5 on: February 10, 2009, 09:39:08 AM »

I got in at 2.26. We'll see what it does....

Nice buy Shali... Moving up nice this morning...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #6 on: March 03, 2009, 09:35:17 AM »

New Gold Reports Consolidated Reserve & Resource Statements

March 3, 2009

VANCOUVER, BC – New Gold Inc. (“New Gold”) (TSX and NYSE Alternext US: NGD) today reports consolidated mineral reserve and resource statements for its mines and development projects as of December 31, 2008. These include updated mineral reserve and resource statements for the Peak and Cerro San Pedro mines, an updated mineral resource statement for the Amapari mine, and previously reported mineral reserve and resource statements for the New Afton development project and the 30% owned El Morro development project.

http://www.kitco.com/pr/1738/article_03032009084257.pdf
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #7 on: March 04, 2009, 01:48:58 PM »

New Gold Buys Western Goldfields For C$314.6 Million

March 4 (Bloomberg) -- New Gold Inc., the Canadian miner that produces precious metal in Mexico and Australia, agreed to buy Western Goldfields Inc. for about C$314.6 million ($243.9 million) to gain the Mesquite mine in California. Western Goldfields investors will receive one New Gold share and 0.01 of a Canadian cent for each share they hold, Vancouver- based New Gold said today in a statement. The offer is 19 percent higher than Western Goldfields’ closing price yesterday.

The combined company would have three gold mines with production of about 335,000 ounces this year and will be able to fund development of the New Afton project in British Columbia. The transaction will help New Gold in its goal of producing 1 million ounces a year by 2012. New Gold fell 17 cents, or 7.4 percent, to C$2.13 as of 9:31 a.m. in Toronto Stock Exchange trading. The shares rose 30 percent this year through yesterday. Western Goldfields, based in Toronto, gained 14 cents, or 7.3 percent, to C$2.07.

Western Goldfields’ Mesquite mine in California is forecast to produce as much as 150,000 ounces of gold this year at a cash cost of $530 to $540 an ounce, New Gold said. New Gold said it will have $171 million in cash, $77 million in asset-backed commercial paper investments and $275 million of debt when the transaction is completed. Either party would be liable for a C$8.8 million breakup fee if they don’t proceed with the deal under “certain circumstances,” the companies said.

Two-thirds of Western Goldfields shareholders present at a special meeting in May must approve the deal, the company said. Western Goldfields shareholders will own 42 percent of the new entity, New Gold said.

http://www.bloomberg.com/apps/news?pid=20601082&sid=akaNF1zNvQnk&refer=canada
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #8 on: March 05, 2009, 04:04:33 PM »

This had a nice 15.58% run today... Chart looks pretty decent... Will have to see what it does after hours...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #9 on: March 17, 2009, 10:12:01 AM »

New Gold Announces 2008 Financial Results For Its First Year As A Producer

VANCOUVER, March 17 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE Alternext US - NGD) today announced the financial and operational results for the fourth quarter and year ended 2008(1), which represents the Company's first year in production. In addition, New Gold provided an update on the execution of its accretive growth strategy.

Highlights

    -  Gold production of 272,046 ounces in 2008(2)
    -  Total cash costs of $549 per ounce (net of by-product sales)(2) in 2008
    -  Adjusted net earnings(3) of $19.2 million or $0.13 per share
    -  Cash flow from operations of $66.1 million in 2008(4)
    -  Year end cash and equivalents of $185.6 million
    -  Completed business combination with Peak Gold Ltd. ("Peak Gold") and Metallica Resources Inc. ("Metallica") on June 30, 2008
    -  New Afton project construction schedule extended with start up expected in the second half of 2012
    -  Successful ramp-up of Cerro San Pedro in its first full year of operation
    -  Announced business combination with Western Goldfields Inc. on March 4th, 2009

"Despite the unprecedented economic challenges which unfolded in 2008, New Gold made excellent progress on its strategic objectives while exceeding production targets by 9%," said Robert Gallagher, President and Chief Executive Officer. "New Gold made difficult decisions in a tough market environment to ensure that the Company was in a stronger position to execute our accretive growth strategy through operational excellence, continued development of our New Afton project, and further consolidation of junior gold producers. I'm thrilled about the next milestone in the exciting growth ofthis Company; the recent announcement of the business combination with Western Goldfields further delivers on our previously stated growth strategy."
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #10 on: May 12, 2009, 09:44:59 PM »

New Gold Announces First Quarter 2009 Results


May 12, 2009 – VANCOUVER, BC – New Gold Inc. (“New Gold”) (TSX and NYSE AMEX US – NGD) today announced unaudited financial results and operational results for the quarter ended March 31, 2009
and an update on the business combination with Western Goldfields Inc.

Q1 2009 Highlights
· Net earnings of $12.1 million or $0.06 per share
· Cash flow from operations of $7.7 million
· Gold production of 54,938 ounces
· Gold sales of 55,397 ounces at a total cash cost of $513 per ounce, net of by-product sales(1)
· Cash and cash equivalents of $137 million
· Reduced debt position by C$50 million through the buy back of a portion of New Gold’s Senior Secured Notes for cash consideration of C$30 million, reducing debt position to C$242 million
· Announced business combination with Western Goldfields Inc., which, if approved, targets the combined gold production  forecast at 330,000 ounces

As disclosed in New Gold’s news release issued on April 21, 2009, sales were higher and cash cost(1) was lower than expected. Guidance remains unchanged with 190,000 to 210,000 ounces of gold production at total cash cost of $465 to $485 per ounce, net of by product sales. “We are pleased to report excellent operational performance for the first quarter of 2009, performing in line with our expectations. This reflects the quality of our team and is consistent with management's
commitment to delivering on our operational targets,” said Robert Gallagher, President and Chief Executive Officer. “As we look forward to the business combination with Western Goldfields, we remain focused on our operational objectives, as well as executing on our exciting growth strategy and delivering on our vision of becoming a million ounce producer by 2012.”

http://www.kitco.com/pr/1738/article_05122009205832.pdf
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #11 on: November 04, 2009, 09:53:18 AM »

New Gold Announces A 16% Increase In Production, 17% Decrease In Cash Cost

VANCOUVER, Nov. 3 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.

http://www.newswire.ca/en/releases/archive/November2009/04/c5641.html
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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« Reply #12 on: January 07, 2010, 05:54:22 PM »

This is a good trader if you time it correctly... A lot of fluctuation... Nice little pop today...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
jotuk6771
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« Reply #13 on: January 09, 2010, 11:01:33 PM »

This is a good trader if you time it correctly... A lot of fluctuation... Nice little pop today...

Nice stock !  Wink

Caution, need to close the gap @ 3.9  Wink  Buy point?
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« Reply #14 on: January 10, 2010, 11:09:13 PM »

I have been holding this for a couple of weeks Jotuk... Not quite sure when I will sell as it has broken all resistance levels... I will watch for my exit though as it is just now crossing into the overbought zone...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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