How can you buy New Gold shares?
If you are looking for an attractive gold mine investment, New Gold can be a good option. Do you want to invest in New Gold shares? On this page you will find everything you need to know to buy New Gold shares yourself. You can also consult the current price of New Gold shares here.
Do you want to buy New Gold shares? The price of a New Gold share is strongly related to the general market developments. When the prices of the raw materials that New Gold is looking for increase, the stock price is likely to increase. Before buying New Gold stocks, it is therefore wise to check how the economy is doing.
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How can you actively invest in New Gold?
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What is the current stock price of New Gold?
Are you curious about the current price of the CFD share New Gold? The chart below shows the current price of New Gold shares. With the buttons, you can open a position directly.
About the New Gold company
New Gold is active in mining: it is called a gold mining company. However, silver and copper are also found in the mines operated by the company. This multinational company is active in the US, Mexico, Canada, South America (Chile and Brazil) and Australia. New Gold’s activities are the exploration and operation of mines. The company is headquartered in Toronto, Canada.
Not just gold
It is not just gold that is found in the mines exploited by New Gold. There are mines where several metals are found. For example, there are millions of pounds of gold and copper in the New Afton mine. New Gold will be producing gold and copper there from 2012 onwards. The Serro San Pedro mine contains a considerable amount of gold and silver.
Because New Gold also mines other precious metals, the risks of an investment are somewhat lower. When the price of gold falls, the price of copper, for example, can still rise. A company that is not dependent on one raw material is often a safer investment.
New Gold is the result of mergers
New Gold’s history begins in 1980, but the current company as we have known it since 2008 was created by various mergers. In 2008, the companies Metallic Resources, Peak Gold Ltd, merged. And Bob Golding. This CEO of Peak Gold was also the first CEO of New Gold. In 2009 New Gold acquired Western Goldfields.
Acquisitions enabling new mines to be exploited can contribute to New Gold’s operating results. A new acquisition can therefore be a good reason to buy New Gold shares.
The company’s mines
The company has four operational mines:
The Mesquite Gold gold mine: this mine was taken over from Western Goldfields at the time of the merger in 2009. The mine, which is located in Imperial County, California, accounts for 45% of New Gold’s total production.
Cerro San Pedro is a gold and silver mine. This mine can be found in the Mexican state of San Luis Potosi. In 2005, this mine was considered illegal by Mexican judges. Since then, it has been working in the mine without a valid permit.
In the Peak Gold Mines you can find gold, copper and lead. This mine is located in the Cobar Gold Field of NSW Australia. The mine has been in use since 1992.
Gold, silver and copper are found in the New Afton mine. This mine is located on the same spot as the old Afton mine. The New Afton can be found 10 kilometres west of Kamploops, British Columbia. The mine is active since 2012.