New Gold is a Canadian-focused intermediate gold mining company.The company has a portfolio of three producing assets in top-rated jurisdictions. The New Afton and Rainy River Mines in Canada, and the Cerro San Pedro Mine in Mexico (which transitioned to residual leaching in 2016), provide the company with its current production base. In addition, New Gold owns of the Blackwater …
A few gold mining companies are slated to report their quarterly numbers tomorrow. Per the Zacks Industry classification, the gold mining industry is grouped under the broader Basic Materials sector, which is among the Zacks sectors that are expected to record the strongest gains in Q1.
The gold mining space remained moderate after mixed-to-downbeat earnings reports for the first quarter. Below we highlight Q1 earnings results of Barrick Gold Corp ABX, Goldcorp Inc. GG and Newmont Mining Corp. NEM.
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