01:43:10 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Newmarket Gold Inc (2)
Symbol NMI
Shares Issued 135,945,603
Close 2016-02-11 C$ 1.70
Market Cap C$ 231,107,525
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Lundin refreshes Newmarket Gold buy

2016-02-11 20:53 ET - In the News

Brien Lundin, in the February, 2016, edition of the Gold Newsletter, refreshes his buy of Newmarket Gold Inc., recently $1.39. Mr. Lundin said buy in August, 2015, at $1.05. A $1,000 investment then is now worth $1,323. Newmarket's Australian mines produced 222,671 ounces of gold in 2015. Consolidated operating cash cost per ounce was $704, and all-in sustaining costs per ounce sold were $986. These numbers benefited from a strong fourth quarter production of 53,179 ounces of gold. The company has also released its 2016 guidance, which includes gold production of 205,000 to 220,000 ounces, operating cash costs between $700 and $750, and all-in sustaining costs between $950 and $1,025. Newmarket will continue to benefit from aggressive drilling at Fosterville, from which it recently assayed 161 grams per tonne Au over 7.35 metres and 32.02 grams per tonne Au over 6.25 metres. The entire drill program totalled 13,076 metres over 60 holes with high-grade mineralization from the Eagle Fault. Before the end of the first quarter, the company hopes to update its mineral reserves and resources. Lundin says Newmarket has solid operational numbers and growth potential. Buy.

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