Topic: How To Invest

Stock Pickers Digest Hotline – Friday, June 28, 2019

Article Excerpt

NEW GOLD INC., $1.27, symbol NGD on Toronto, owns the Rainy River mine in Ontario and the New Afton mine in B.C. The company also operates the Cerro San Pedro mine in Mexico. In addition, New Gold owns 100% of the Blackwater project located in B.C. The proposed $1.8-billion open-pit gold and silver mine has just received an environmental assessment certificate from the province’s regulators. “The ministers are confident that Blackwater will be built, operated and closed in a way that ensures that no significant adverse effects are likely to occur,” said the ministries of Environment and Climate Change Strategy, and Energy, Mines and Petroleum Resources, while including 43 conditions that must be met by the company. In addition, on April 18, 2019, the company entered into a trilateral Participation Agreement with the Lhoosk’uz Dene Nation and Ulkatcho First Nation, the two Indigenous groups whose traditional territories overlap the project’s mine site. Consultation with other First Nations continues. The Blackwater mine is located about…

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