05:32:40 EST Fri 05 Dec 2025
Enter Symbol
or Name
USA
CA



Newmarket Gold Inc (2)
Symbol NMI
Shares Issued 134,262,744
Close 2015-08-12 C$ 1.08
Market Cap C$ 145,003,764
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Lundin says buy Newmarket Gold

2015-08-12 22:29 ET - In the News

Brien Lundin, in the August, 2015, edition of the Gold Newsletter, says buy Newmarket Gold Inc., recently $1.05. This is the first time he has recommended the stock. In July, Newmarket completed its merger with Crocodile Gold Corp., and upgraded to the TSX from the TSX-V under a new symbol "NMI." The resulting company has three producing mines and three exploration projects in Australia, and about $24-million in working capital. Mr. Lundin says that up until the current management took control of Crocodile in 2011 (and now the merged Newmarket), the company had a bad reputation as an "operating laggard." Since the management change however, cash costs have been reduced by 41 per cent and quarterly production boosted to over 53,000 ounces of gold. In fact, the reputation of this new group of management is one of the main reasons the editor is recommending Newmarket; collectively, they have managed and sold companies with a total market value of about $30-billion. In addition to resource expansion and operational improvements, Mr. Lundin also expects the company to acquire more assets at fire sale prices. Newmarket has the potential to become a major player among mid-tier producers, he concludes.

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