DALLAS, Aug. 10, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring New Gold Inc. (AMEX:NGD). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on New Gold Inc. (AMEX:NGD) should be of particular interest to other mining and metal companies: Barrick Gold Corp. (NYSE:ABX), Freeport-McMoRan Inc. (NYSE:FCX), Goldcorp Inc. (NYSE:GG) and Taseko Mines Ltd. (AMEX:TGB).
It is available at: http://www.beaconequity.com/i/NGD
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New Gold Inc. (NGD) engages in the production and development of gold, predominately, as well as silver and copper mining properties in the United States, Mexico, Australia, Brazil and Chile. The Company also operates development projects in Canada and Chile. The Company's goal is to be a low-cost, million-ounce gold producer by 2012.
In the report, the analyst notes:
"NGD owns and operates gold mining operation within jurisdictions with reputations of political stability and less-restrictive mining laws. Jurisdictional climate contributes highly in professional investors' interest in any gold miner...NGD operates in jurisdictions historically miner-friendly. Although Chile and Brazil have histories of political instability, the mining industry has experienced marginal problems during political instability due to the importance of the mining industry to their local economies.
"NGD's cost of production is relatively low, and as the Company expands its production it will benefit from greater economies of scale and improved net margin. The Company's 2009 guidance includes gold production to reach 330,000 to 360,000 ounces and average cost per ounce of production to range between $490 to $510, a relatively attractive cost per gold ounce."
To read the entire report visit: http://www.beaconequity.com/i/NGD
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