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NGD - New Gold: Fourth Quarter Will Be Softer; Updated Mine Plans Are Postponed To Q1 2020
New Gold Inc.
New Gold (NGD) has just published its third-quarter production numbers, providing investors with a chance to look at how the company's two mines are performing. The company's shares have been highly volatile this year as higher gold prices led to a major upside in the stock while the hedging program and the bought deal financing put pressure on shares. Without further ado, let's look at the numbers:
Source: New Gold 3Q 2019 production results
The Rainy River Mine has been stabilized by the company's management and is now on firm path towards achieving