New Gold Inc. (NGD) Investment Report Highlights Competitive Advantages

Strategic Insights -

New Gold Inc., a prominent gold miner, has been profiled in a recent investment report that highlights its competitive advantages in the industry. The company's focus on gold production, particularly in jurisdictions with stable political climates and less-restrictive mining laws, has garnered significant interest from professional investors. With a goal of becoming a low-cost, million-ounce gold producer by 2012, New Gold Inc. appears to be well-positioned for future growth.

Key Takeaways:

  • New Gold Inc. operates in jurisdictions with reputations of political stability and less-restrictive mining laws, making it an attractive investment opportunity for professional investors.
  • The company's cost of production is relatively low, with an average cost per ounce of production ranging between $490 to $510 in 2009.
  • New Gold Inc.'s expansion plans will benefit from greater economies of scale and improved net margin.
  • The company's 2009 guidance includes gold production of 330,000 to 360,000 ounces.
  • New Gold Inc. is part of a group of gold mining companies that includes Barrick Gold Corp. (ABX), Freeport-McMoRan Inc. (FCX), Goldcorp Inc. (GG), and Taseko Mines Ltd. (TGB).
  • The report on New Gold Inc. is available at BeaconEquity.com.

Statistics:

  • New Gold Inc. estimates its 2009 gold production to range between 330,000 to 360,000 ounces.
  • The company's average cost per ounce of production is expected to range between $490 to $510 in 2009.
  • The report highlights New Gold Inc.'s focus on becoming a low-cost, million-ounce gold producer by 2012.

Sources:

  • GlobeNewswire, "BeaconEquity.com Announces Investment Research Report on New Gold Inc. (AMEX:NGD)", http://www.globenewswire.com/news/release/2009/08/10/1589975/0/en/BeaconEquity-Com-Announces-Investment-Research-Report-on-New-Gold-Inc-AMEX-NGD.html
  • BeaconEquity.com, "New Gold Inc. (NGD)", http://www.beaconequity.com/i/NGD
  • SmarTrend, " Comtex SmarTrend Alert", as seen on http://www.mysmartrend.com