When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NGD - New Gold: Production Report Shows That Q4 Was Weak Major Catalysts Ahead
New Gold Inc.
Shares of New Gold (NGD) did not show too much reaction to the recent gold’s attempt to get past $1600 per ounce. This is not too surprising since New Gold hedged a material part of its gold production for 2020 at prices that are materially below $1550 per ounce that we see now in the market.
In order to protect the company from the downside below $1300/oz, the company capped 12,000 oz/ month at $1,355/oz for the first half of 2020 and 16,000 oz/month at $1,415/oz for the second half of 2020. However,