Dividends4Life: Dividend Could Propel Shares of New Gold

Dividend Could Propel Shares of New Gold

Posted by D4L | Monday, June 25, 2012 | | 0 comments »

Gold investments remain the best long-term hedge against the volatility now wracking world markets. The case for gold is strong: The euro zone crisis continues to unfold, while U.S. and European economies struggle. Gold stock prices now offer good entry points; my favorite remains Canada-based miner New Gold (NGD). The company announced that it produced 99,274 ounces of gold in the first quarter of 2012, roughly equal to production in fourth-quarter 2011.

Net cash costs averaged USD543/oz, a marginal improvement from USD553/oz in fourth-quarter 2011. The company forecasts between 405,000 and 445,000 ounces of gold production this year, with net cash costs averaging between USD410-430/oz. New Gold shares are an attractive value, as the company works toward lowering costs while increasing production

Source: Guru Focus

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