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Category: Mid-tier Producer
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New Gold Inc.
www: www.newgold.com     email: info@newgold.com

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Symbol Data

Symbol Currency
NYSE:NGD USD
TSE:NGD CAD

Description

New Gold Inc. are a gold focused mid-tier producer with four producing mines in Australia, Canada, Mexico and USA, two mines in development in Canada and Chile and exploration properties. Currently they produce roughly 550koz. of gold per year. They have approximately 21Moz. of gold in the reserves and resources category of which 20Moz. are in the measured and indicated category. They have a market capitalisation of ~$600.78M which is a fall of roughly 57% over the last three months. As of 05/29/2018 they have ~$1,008M debt and ~$190M cash. They have 578M shares outstanding and trade on the New York Stock Exchange and the Toronto Stock Exchange.

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General Details

Financial 05/29/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $1,384.15M $600.78M 05/29/2018 $-783.37M
Total Assets: $3,950.00M $3,950.00M 05/29/2018 $0.00M
Total Liabilities: $1,835.00M $1,835.00M 05/29/2018 $0.00M
Current Assets: $434.00M $434.00M 05/29/2018 $0.00M
Current Liabilities: $153.00M $153.00M 05/29/2018 $0.00M
Total Debt: $1,008.00M $1,008.00M 05/29/2018 $0.00M
Cash: $190.00M $190.00M 05/29/2018 $0.00M
Enterprise Value: $2,202.15M $1,418.78M 12/16/2014 $-783.37M
Cash Flow: $115.19M $71.07M never $-44.12M
Cash Flow Multiple: 12.02 8.45 never -3.56
Net Debt to
Cash Flow Ratio:
7.10 11.51 never 4.41
Finance within 1 year: 05/29/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/29/2018 0.00%
Misc 05/29/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 578,000,000 578,000,000 05/29/2018 0
Shares (FD): 589,000,000 589,000,000 05/29/2018 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 05/29/2018 n/a
Production (Gold Eq Oz.): (guess) 
550,000
(guess) 
550,000
05/29/2018 0
Production (Silver Eq Oz.): (guess) 
43,703,976
(guess) 
44,141,599
05/29/2018 437,623
Initial CapEx (Outstanding): n/a n/a 05/29/2018 n/a
Funding Option: n/a n/a 05/29/2018 n/a
Documentation: none PRODUCER 08/10/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 05/29/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 15.00M 15.00M 05/29/2018 0.00M
Measured & Indicated: 20.00M 20.00M 05/29/2018 0.00M
Inferred: 1.00M 1.00M 05/29/2018 0.00M
Reserves & Resources: 21.00M 21.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 12.75M 12.75M 05/29/2018 0.00M
Measured & Indicated: 16.15M 16.15M 05/29/2018 0.00M
Inferred: 0.43M 0.43M 05/29/2018 0.00M
Reserves & Resources: 16.58M 16.58M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
550,000oz.
(guess) 
550,000oz.
05/29/2018 0oz.
Cash Cost: $650 $650 05/29/2018 $0.00
Extra Operating Cost: $350 $350 05/29/2018 $0.00
Average Grade: 0.60 g/t 0.60 g/t 05/29/2018 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 08/10/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 20.00M 20.00M 05/29/2018 0.00M
Annual Production: 700,000oz. 700,000oz. 05/29/2018 0oz.
Cash Cost: $650 $650 05/29/2018 $0
Extra Operating Cost: $350 $350 05/29/2018 $0
SILVER 05/29/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/29/2018 0.00M
Measured & Indicated: n/a n/a 05/29/2018 0.00M
Inferred: n/a n/a 05/29/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/29/2018 0.00M
Measured & Indicated: n/a n/a 05/29/2018 0.00M
Inferred: n/a n/a 05/29/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/29/2018 $0.00
Extra Operating Cost: n/a n/a 05/29/2018 $0.00
Average Grade: n/a n/a 05/29/2018 n/a
Recovery Rate: n/a n/a 05/29/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/29/2018 0.00M
Annual Production: n/a n/a 05/29/2018 n/a
Cash Cost: n/a n/a 05/29/2018 n/a
Extra Operating Cost: n/a n/a 05/29/2018 n/a

Property

Last Analysis Data  (05/29/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Cobar, Nsw, Australia Peak Mines 100% n/a n/a n/a
Production Kamloops, Canada New Afton 100% n/a n/a n/a
Production San Luis Potosi, Mexico Cerro San Pedro 100% n/a n/a n/a
Production Yuma, Az, USA Mesquite 100% n/a n/a n/a
Development Fort Frances, Canada Rainy River 100% 15,000 Both show
Construction should begin in 2014 or 2015, for production in 2016.
Development Vallenar, Chile El Morro 30% n/a n/a n/a
Exploration Vanderhoof, Canada 3TS 100% n/a n/a n/a
Exploration Red Lake, On, Canada Baird 24% n/a n/a n/a
Exploration Vanderhoof, Canada Blackwater 90% n/a n/a n/a
Exploration Richardson, On, Canada Block B 100% n/a n/a n/a
Exploration Richardson, On, Canada Block C 100% n/a n/a n/a
Exploration Ontario, Canada Burns 100% n/a n/a show
I estimate there is at least 1 million oz of high grade gold on Burns.

They have not done a 43-101 resource estimate.
Exploration Prince George, Canada Capoose 100% n/a n/a n/a
Exploration Vanderhoof, Bc, Canada Davidson 253% n/a n/a n/a
Exploration Pickle Lake, On, Canada Drum Lake 100% n/a n/a n/a
Exploration Pickle Lake, On, Canada Gold Creek 100% n/a n/a n/a
Exploration Prince Rupert, Bc, Canada Scotia 100% n/a n/a n/a
Exploration Ontario, Canada Ti-pa-haa-kaa-ning 0% n/a n/a n/a
Exploration Copiapo, Chile Rio Figueroa 0% n/a n/a n/a
Total Land Package Size (ha): 15,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Cobar, Nsw, Australia Peak Mines 100% n/a n/a n/a
Production Kamloops, Canada New Afton 100% n/a n/a n/a
Production San Luis Potosi, Mexico Cerro San Pedro 100% n/a n/a n/a
Production Yuma, Az, USA Mesquite 100% n/a n/a n/a
Development Fort Frances, Canada Rainy River 100% 15,000 Both show
Construction should begin in 2014 or 2015, for production in 2016.
Development Vallenar, Chile El Morro 30% n/a n/a n/a
Exploration Vanderhoof, Canada 3TS 100% n/a n/a n/a
Exploration Red Lake, On, Canada Baird 24% n/a n/a n/a
Exploration Vanderhoof, Canada Blackwater 90% n/a n/a n/a
Exploration Richardson, On, Canada Block B 100% n/a n/a n/a
Exploration Richardson, On, Canada Block C 100% n/a n/a n/a
Exploration Ontario, Canada Burns 100% n/a n/a show
I estimate there is at least 1 million oz of high grade gold on Burns.

They have not done a 43-101 resource estimate.
Exploration Prince George, Canada Capoose 100% n/a n/a n/a
Exploration Vanderhoof, Bc, Canada Davidson 253% n/a n/a n/a
Exploration Pickle Lake, On, Canada Drum Lake 100% n/a n/a n/a
Exploration Pickle Lake, On, Canada Gold Creek 100% n/a n/a n/a
Exploration Prince Rupert, Bc, Canada Scotia 100% n/a n/a n/a
Exploration Ontario, Canada Ti-pa-haa-kaa-ning 0% n/a n/a n/a
Exploration Copiapo, Chile Rio Figueroa 0% n/a n/a n/a
Total Land Package Size (ha): 15,000  

Profitability (by resource)

Proven &
Probable
05/29/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 15.00M 15.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 11.94M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 12.75M 12.75M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 10.14M
Maximum Profit (Gold): $2,670.36M $1,647.56M n/a $-1,022.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,670.36M $1,647.56M n/a $-1,022.81M
Max Profit / Current MCap: 1.929 2.742 n/a 0.813
Max Profit Per Share (Gold): $4.53 $2.80 n/a $-1.74
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.53 $2.80 n/a $-1.74
Total Free Profit Per Share: $2.18 $1.78 n/a $-0.41
FD Mkt. Cap / Gold Eq.: $108.56 $47.12 n/a $-61.44
FD Mkt. Cap / Silver Eq.: $1.37 $0.59 n/a $-0.78
FD Mkt. Cap / Per Metal
as % Spot Price:
8.36% 3.98% n/a -4.38%
Measured &
Indicated
05/29/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 20.00M 20.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 15.91M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 16.15M 16.15M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 12.85M
Maximum Profit (Gold): $3,382.46M $2,086.90M n/a $-1,295.55M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3,382.46M $2,086.90M n/a $-1,295.55M
Max Profit / Current MCap: 2.444 3.474 n/a 1.030
Max Profit Per Share (Gold): $5.74 $3.54 n/a $-2.20
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $5.74 $3.54 n/a $-2.20
Total Free Profit Per Share: $3.39 $2.52 n/a $-0.87
FD Mkt. Cap / Gold Eq.: $85.71 $37.20 n/a $-48.51
FD Mkt. Cap / Silver Eq.: $1.08 $0.46 n/a $-0.62
FD Mkt. Cap / Per Metal
as % Spot Price:
6.60% 3.14% n/a -3.46%

Reserves &
Resources
05/29/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 21.00M 21.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 16.71M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 16.58M 16.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 13.19M
Maximum Profit (Gold): $3,471.47M $2,141.82M n/a $-1,329.65M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3,471.47M $2,141.82M n/a $-1,329.65M
Max Profit / Current MCap: 2.508 3.565 n/a 1.057
Max Profit Per Share (Gold): $5.89 $3.64 n/a $-2.26
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $5.89 $3.64 n/a $-2.26
Total Free Profit Per Share: $3.54 $2.62 n/a $-0.93
FD Mkt. Cap / Gold Eq.: $83.51 $36.25 n/a $-47.26
FD Mkt. Cap / Silver Eq.: $1.05 $0.45 n/a $-0.60
FD Mkt. Cap / Per Metal
as % Spot Price:
6.43% 3.06% n/a -3.37%

Future Valuation (Cash Flow & Totals)

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