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NGD - New Gold: Time To Start Accumulating Is Coming Patience Is Needed
New Gold Inc.
After New Gold (NGD) released its Q4 2019 financial results and its updated life of mine plans for the Rainy River and New Afton mines, along with the 2020 production and cost guidance, its share price declined by 10%. The decline was caused especially by the high projected 2020 AISC. On the other hand, the updated life of mine plans show that New Gold hides a lot of value. But it will take some time to unlock it.
The Q4 gold equivalent production equaled 66,856 toz gold, 140,475 toz silver and 18.3 million