DALLAS, Oct. 20, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring gold mining company New Gold Inc. (AMEX:NGD). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on New Gold Inc. (AMEX:NGD) should be of particular interest to other gold producers: Aurizon Mines Ltd. (AMEX:AZK), IAMGOLD Corp. (NYSE:IAG), Goldcorp Inc. (NYSE:GG) and Yamana Gold Inc. (NYSE:AUY).
The full report is available at: http://www.stockpreacher.com/n/NGD
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/StockPreacher
New Gold Inc. (NGD) engages in the acquisition, exploration, extraction, processing, reclamation and production of mineral properties. The Company is an intermediate gold producer with a portfolio of global assets in Mexico, Canada, Australia, Brazil, Chile and the United States (Alaska). Its operating assets consist of the Cerro San Pedro (CSP) gold-silver mine in Mexico (the CSP Mine), the Peak gold-copper mine (Peak Mines) in Australia and the Amapari gold mine in Brazil (the Amapari Mine). The Company's other development projects include the New Afton copper-gold project in Canada (the New Afton Project) and a 30% interest in the El Morro copper-gold project in Chile (the El Morro Project).
Message Board Search for NGD: http://www.boardcentral.com/boards/NGD
In the report, the analyst notes:
"The Company recently announced a 16% increase in gold sales, attributable to higher production at both Cerro San Pedro and Peak mines, and a 17% decrease in cash cost in the third quarter of 2009. Gold sales rose to 77,645 ounces from 67,156 ounces in the same period in 2008. As expected, the Company's gold production at Mesquite mine for the third quarter of 2009 was a disappointment compared with the third quarter 2008, mainly due to lower gold grade, partially offset by higher tonnes placed on the pad. ...
"Looking forward, the Company remains confident that it will produce between 270,000 to 300,000 ounces for the period of ownership, while its total cash cost forecast of $470 to $490 per ounce of gold sold, net of by-product sales, also remains unchanged."
To read the entire report visit: http://www.stockpreacher.com/n/NGD
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.