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New Gold Inc.

www: www.newgold.com   email: info@newgold.com
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
NYSEAMERICAN: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 350koz. of gold per year. They have approximately 18Moz. of gold in the reserves and resources category of which 17Moz. are in the measured and indicated category. They have a market capitalisation of ~$633.33M which is a rise of roughly 4% over the last three weeks. As of 01/05/2020 they have ~$727M debt and ~$135M cash. They have 676M shares outstanding and trade on the Toronto Stock Exchange.

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General Details

Financial 01/05/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $608.43M $633.33M 01/05/2020 $24.90M
Total Assets: $2,250.00M $2,250.00M 01/05/2020 $0.00M
Total Liabilities: $1,292.00M $1,292.00M 01/05/2020 $0.00M
Current Assets: $332.00M $332.00M 01/05/2020 $0.00M
Current Liabilities: $184.00M $184.00M 01/05/2020 $0.00M
Total Debt: $727.00M $727.00M 01/05/2020 $0.00M
Cash: $135.00M $135.00M 01/05/2020 $0.00M
Enterprise Value: $1,200.43M $1,225.33M 10/29/2008 $24.90M
Cash Flow: $25.04M $27.34M never $2.30M
Cash Flow Multiple: 24.30 23.16 never -1.14
Net Debt to
Cash Flow Ratio:
23.64 21.65 never -1.99
Finance within 1 year: 01/05/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 01/05/2020 0.00%
Misc 01/05/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 675,942,000 675,942,000 01/05/2020 0
Shares (FD): 683,942,000 683,942,000 01/05/2020 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 01/05/2020 n/a
Production (Gold Eq Oz.): (guess) 
350,000
(guess) 
350,000
01/05/2020 0
Production (Silver Eq Oz.): (guess) 
30,148,169
(guess) 
30,757,456
01/05/2020 609,288
Initial CapEx (Outstanding): n/a n/a 01/05/2020 n/a
Funding Option: n/a n/a 01/05/2020 n/a
Documentation: none PRODUCER 01/05/2020 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 01/05/2020
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 13.00M 13.00M 01/05/2020 0.00M
Measured & Indicated: 17.00M 17.00M 01/05/2020 0.00M
Inferred: 1.00M 1.00M 01/05/2020 0.00M
Reserves & Resources: 18.00M 18.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 11.05M 11.05M 01/05/2020 0.00M
Measured & Indicated: 13.77M 13.77M 01/05/2020 0.00M
Inferred: 0.43M 0.43M 01/05/2020 0.00M
Reserves & Resources: 14.20M 14.20M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
350,000oz.
(guess) 
350,000oz.
01/05/2020 0oz.
Cash Cost: $850 $850 01/05/2020 $0.00
Extra Operating Cost: $600 $600 01/05/2020 $0.00
Average Grade: 0.60 g/t 0.60 g/t 01/05/2020 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 01/05/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 15.00M 15.00M 01/05/2020 0.00M
Annual Production: 600,000oz. 600,000oz. 01/05/2020 0oz.
Cash Cost: $850 $850 01/05/2020 $0
Extra Operating Cost: $600 $600 01/05/2020 $0
SILVER 01/05/2020
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 01/05/2020 0.00M
Measured & Indicated: n/a n/a 01/05/2020 0.00M
Inferred: n/a n/a 01/05/2020 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 01/05/2020 0.00M
Measured & Indicated: n/a n/a 01/05/2020 0.00M
Inferred: n/a n/a 01/05/2020 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 01/05/2020 $0.00
Extra Operating Cost: n/a n/a 01/05/2020 $0.00
Average Grade: n/a n/a 01/05/2020 n/a
Recovery Rate: n/a n/a 01/05/2020 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 01/05/2020 0.00M
Annual Production: n/a n/a 01/05/2020 n/a
Cash Cost: n/a n/a 01/05/2020 n/a
Extra Operating Cost: n/a n/a 01/05/2020 n/a

Property

Last Analysis Data  (01/05/2020)
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
01/05/2020
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.): 13.00M 13.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 22.63M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 11.05M 11.05M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 19.24M
Maximum Profit (Gold): $790.52M $863.23M n/a $72.71M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $790.52M $863.23M n/a $72.71M
Max Profit / Current MCap: 1.299 1.363 n/a 0.064
Max Profit Per Share (Gold): $1.16 $1.26 n/a $0.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.16 $1.26 n/a $0.11
Total Free Profit Per Share: $0.27 $0.34 n/a $0.07
FD Mkt. Cap / Gold Eq.: $55.06 $57.31 n/a $2.25
FD Mkt. Cap / Silver Eq.: $0.64 $0.65 n/a $0.01
FD Mkt. Cap / Per Metal
as % Spot Price:
3.55% 3.67% n/a 0.12%
Measured &
Indicated
01/05/2020
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.): 17.00M 17.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 29.59M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 13.77M 13.77M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 23.97M
Maximum Profit (Gold): $985.11M $1,075.71M n/a $90.61M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $985.11M $1,075.71M n/a $90.61M
Max Profit / Current MCap: 1.619 1.699 n/a 0.079
Max Profit Per Share (Gold): $1.44 $1.57 n/a $0.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.44 $1.57 n/a $0.13
Total Free Profit Per Share: $0.55 $0.65 n/a $0.10
FD Mkt. Cap / Gold Eq.: $44.19 $45.99 n/a $1.81
FD Mkt. Cap / Silver Eq.: $0.51 $0.52 n/a $0.01
FD Mkt. Cap / Per Metal
as % Spot Price:
2.85% 2.95% n/a 0.10%

Reserves &
Resources
01/05/2020
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.): 18.00M 18.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 31.33M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 14.20M 14.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 24.71M
Maximum Profit (Gold): $1,015.51M $1,108.91M n/a $93.40M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,015.51M $1,108.91M n/a $93.40M
Max Profit / Current MCap: 1.669 1.751 n/a 0.082
Max Profit Per Share (Gold): $1.48 $1.62 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.48 $1.62 n/a $0.14
Total Free Profit Per Share: $0.60 $0.70 n/a $0.10
FD Mkt. Cap / Gold Eq.: $42.86 $44.62 n/a $1.75
FD Mkt. Cap / Silver Eq.: $0.50 $0.51 n/a $0.01
FD Mkt. Cap / Per Metal
as % Spot Price:
2.76% 2.86% n/a 0.10%

Future Valuation (Cash Flow & Totals)

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