NGD - Junior Miner Rips On Back-To-Back Announcements

2023-04-11 16:55:35 ET

A dually-listed %JuniorMiner found tremendous success on Tuesday for two separate reasons. Up first, the company announced that it will be releasing its Q1 financial results later on this month, but released operational highlights/metrics after hours yesterday. The second reason this stock is soaring is due to the appointment of Yohann Bouchard as Executive Vice President and COO Tuesday morning.

Shares of %NewGold (TSX: ) (AMEX: ) rallied strongly following the announcements, with shares on the Canadian side of things reaching up to $1.80/share (19.21%) at the session high.

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.