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Home | Mining | June 09 | New Gold

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New Gold

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Merging Opportunities
The New Gold Inc. we know today came to its present form in the middle of 2008, when three small companies—New Gold, Peak Mines, and Metallica Resources—merged into one. It was a good idea, and one that will carry the success of each asset into the coming years. Small producers in the mining sector tend to struggle; single mines tend to have uneven performance and there’s a limited investor base. Merging all three mines to form a new intermediate company ensured stability in value. New Gold isn’t done growing yet; actually, the company’s strategy is to continue to expand in a few ways: they want to develop existing assets on current operations...
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