New Gold, Inc. NGD, Market Trade Loss 29% at End Market Results
New Gold, Inc. NGD
Gold producer New Gold Inc reported a wider second-quarter loss as it took a hefty impairment charge tied to its purchase of Western Goldfields, but posted an adjusted profit that topped market expectations.
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New Gold Inc. engages in the acquisition, exploration, extraction, processing, reclamation, and production of mineral properties. The company primarily focuses on gold, copper, and silver deposits. Its properties include the Amapari mine in Brazil, the Cerro San Pedro mine in Mexico, and the Peak mine in Australia. The company also holds properties in Canada and Chile. New Gold Inc. is based in Vancouver, Canada.
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