Today we review the New Gold Inc company. What is New Gold? a Scam or Legit? How does it work? What do they offer? Are there better alternatives? This is just a few of the questions we help you answer in this short review!
Name of the company: New Gold Inc
Official Website URL: http://newgold.com/
CEO: Renaud Adams
Products: Gold, Gold stocks
New Gold is a renowned company that has managed to establish its position as a firm that offers value. Can you, however, benefit from what it has to offer? Stick with me throughout the review as I take you through the details that will help you decide that. In order to remain objective, I will be providing answers to the following questions:
– What is this company about?
– How does it go about its major operations?
– Which products does New Gold offer?
– Is it a genuine company?
– Are there any viable investment opportunities that you can take up with this company?
– Is there any better investment alternative to what New Gold is offering?
– Any pros and cons that you should keep your eyes open for?
What is New Gold Inc about?
New Gold is a Canadian-based gold mining company. This company currently has a portfolio of two main assets that are located in top-rated jurisdictions. These two mines are:
– Rainy River
– New Afton Mines
This company has put together a very impressive team of directors who are responsible for the provision of guidance as to how they will offer value to the shareholders. This company’s main objective is to be the best intermediate producer of gold, by upholding policies that protect the environment as well as those that display its social responsibility.
How it works
New Gold is currently operating in Canada and in Mexico. As stated above, the mines at Canada are the main assets in its portfolio. These assets have the following properties:
Activities in this mine started on the 14th of September, 2017, and the first gold pour was made public on the sixth of October, 2017. This announcement actually came ahead of the set schedule, since it was set for mid-October, 2017.
Production in this mine started in July 2012. It is essentially an underground block that New Gold extracts gold and copper from.
At the moment, Rainy River happens to be the main source of revenue for New Gold, being the mine that produces the most gold for this company. In 2018, this mine produced 227,000 ounces of gold, an amount that was close to thrice what the other mines produced individually.
New Gold’s objective is to be the leading global intermediate gold producer. Currently, this company is diligently managing its mines to see to it that it produces gold that can be then be processed for other uses. This company also mines silver and copper, but these metals are not its primary focus. Such are minerals that a variety of value-added companies, including jewelry manufacturers can rely on.
New Gold is a publicly-traded organization, hence it offers stocks that investors can buy and invest though. Its stocks are listed in the following exchanges:
– Toronto Stock Exchange – trades under the ticker NGD
– New York Stock Exchange ( American Stock Exchange)- trades under the ticker NGD
Is it a genuine company?
Yes! This company is genuine and so are the products that it offers to investors and other firms that rely on these products. First, this company’s stocks are listed under two major and renowned stock exchanges, TSX and NYSE. More information about them can also be found on MarketWatch and Yahoo Finance.
Second, this company has availed the information about its directors on its main website. The top-ranking ones include:
– Ian Pearce – The Chair of the Board- He has more than 35 years’ experience in the mining industry.
– Renaud Adams – Director/ President / Chief Executive Officer – He has an accumulated experience of 25 years in this industry.
– Nicholas Chirekos –Director/ Member of New Gold’s Corporate Governance and Nominating Committee- Has more 25 years’ experience in capital markets and investment banking.
– Gillian Davidson – Director- She has more than 20 years’ experience in the provision of internal and external advisory services to organizations.
– James Gowans –Director – He brings more than 30 years of experience in the mining industry, to this company.
– Margaret Mulligan –Director – she brings more than 35 years of experience in audit and finance.
– Marilyn Schonberner –Director –She is a knowledgeable auditor and member of the Human Resources and Compensation Committee at New Gold.
As you can see, this company is ran by a team of very able directors, who are capable of providing the growth value that you as an investor would be looking for.
The only investment opportunity that is offered by New Gold is the gold stocks that are currently listed on TSX and NYSE. With the right trading platform and expertise in trading in stocks, you can end up making a lot of money trading New Gold’s stocks.
Alternatives to Gold Fields
The gold stocks offered by this company may not come up as the best option for you. Still stuck on figuring out what to invest your savings in? My number one recommendation for you is investing in physical gold. Gold, unlike all other paper investments, has been since to remain stable even in instances when most regional and global markets are crashing. Having your money being put into gold IRA so that will not be heavily impacted on by external forces of the market is a strategic investment approach. Regal Assets is one perfect example that you can rely on to accomplish this investment objective.
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always good to look at both the positive sides as well as the negative sides and compare them against each other to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Has experienced directors
– Committed to value delivery to shareholders
– Produces fewer ounces of gold in comparison to its counterparts in the market.
Do You Own or represent New Gold Inc?
If you are a representative, or associate of New Gold Inc and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of New Gold Inc pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of New Gold Inc to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com