Image: The Rainy River gold/silver mine in northwestern Ontario. Source: New Gold, Inc.
Investment Thesis
The Canadian-based New Gold, Inc. (NGD) is mainly a gold producer with two producing mines in North America, the New Afton and the Rainy River mines. The company also owns the Blackwater project.
New Gold presents some potential growth, particularly in 2020, when the Rainy River will be fully operational and CapEx will drop much lower.
The new project called the Blackwater open-pit mine could be an exciting play assuming higher gold price (with proved and probable