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New Gold Announces a 16% Increase in Production, 17% Decrease in Cash Cost in the Third Quarter 2009 and Enhanced Value for its El Morro Project

Wed, 04 Nov 2009 05:48:00 GMT

(All figures are in US dollars unless otherwise stated)
VANCOUVER, Nov. 3 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) today announced unaudited financial and operational results for the third quarter ended September 30, 2009.
Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.

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European Goldfields Limited - Board and Management Changes

Fri, 09 Oct 2009 14:45:00 GMT

WHITEHORSE, Oct. 9 /CNW/ - European Goldfields Limited (AIM: EGU / TSX: EGU) ("European Goldfields" or the "Company") is pleased to announce the following board and management changes as it moves to a new phase in its development.
Mr Konig has been a Non-Executive Director of the Company since 2008 and is also a Non-Executive Director of TSX listed New Gold Inc (TSX: NGD).
Mr. Dimitrios Koutras will step down as Chairman of the Company now that the preliminary permits for the Company's Greek properties have been granted, in order to permit him to undertake an expanded role with the Company's 95% owned Greek operating subsidiary, Hellas Gold, and to focus on the development of those projects through their final stages into production.

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New Gold Announces Closing of Bought Deal Financing and Over- Allotment Option Exercise for Total Gross Proceeds of C$115 Million

Fri, 11 Sep 2009 14:48:00 GMT

VANCOUVER, Sept. 11 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX: NGD) is pleased to announce the successful closing of its previously announced bought deal public offering of 26,700,000 common shares and the underwriters' exercise in full of an over- allotment option to purchase an additional 4,005,000 common shares granted by New Gold in connection with such offering at a price of C$3.75 per share for total gross proceeds to New Gold of approximately C$115 million.
This transaction brings new shareholders to New Gold, further strengthens our financial position and provides greater flexibility to realize value from current assets and through additional growth opportunities."
Such factors include, without limitation: New Gold's anticipated synergies from the business combination with Western Goldfields Inc. may not be realized; there may be difficulties in integrating the operations and personnel of New Gold; significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Brazil, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in Canada, the United States, Australia, Brazil, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties.

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Franc-Or Resources Corporation and Crocodile Gold Inc. Announce Proposed Reverse Take-Over

Fri, 07 Aug 2009 00:46:00 GMT

TORONTO, Aug. 6 /CNW/ - Franc-Or Resources Corporation ("Franc- Or") (TSX: FOR) and Crocodile Gold Inc. ("Crocodile Gold") are pleased to announce today that they have entered into a binding letter of intent, pursuant to which Franc-Or will acquire all of the issued and outstanding securities of Crocodile Gold (the "Transaction").
It is expected that the Transaction will be effected by way of a three-cornered amalgamation pursuant to which a wholly- owned subsidiary of Franc-Or will amalgamate with Crocodile Gold, and all of the holders of shares of Crocodile Gold will receive one common share of Franc-Or (on a post-consolidation basis) for each one share of Crocodile Gold so held.
Based on the current 71,490,431 issued and outstanding common shares and 20,000,000 issued and outstanding preferred shares of Crocodile Gold (on a non-diluted basis) and the current 63,923,664 issued and outstanding common shares of Franc-Or (on a non-diluted basis), the number of common shares of Franc-Or following completion of the Transaction (on a non-diluted basis) is expected to be 101,637,044, with current Crocodile Gold shareholders owning approximately 90.0% of Franc-Or (on a non-diluted basis) and current Franc-Or shareholders owning approximately 10.0% of Franc-Or (on a non- diluted basis).

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Gold Participation and Income Fund Announces Exchange Ratios

Mon, 20 Jul 2009 21:51:00 GMT

TORONTO, July 20 /CNW/ - Gold Participation and Income Fund (the "Fund"), a closed-end investment trust designed to provide investors with Canadian-dollar exposure to the long-term performance of gold bullion and gold equity securities while providing a monthly distribution stream and mitigating downside risk, is pleased to announce the exchange ratios for the Fund's exchange option (the "Exchange Option") with respect to its initial public offering.
Under the Exchange Option, prospective purchasers had the opportunity to exchange Shares of SPDR Gold Trust and freely- tradeable listed securities of issuers in the S&P/TSX Global Gold Index or the S&P/TSX 60 Index (collectively, "Exchange Securities") for Combined Units of the Fund (each Combined Unit consisting of one Unit of the Fund and one Warrant for one Unit).
Under the Exchange Option, the number of Combined Units issuable in exchange for Exchange Securities deposited by prospective purchasers was determined by dividing the weighted average trading price of the Exchange Securities on the Toronto Stock Exchange, The New York Stock Exchange or The NASDAQ Stock Market, as the case may be, during the three consecutive trading days ending on July 17, 2009, as adjusted to reflect dividends declared or distributions pending which will not be received by the Fund (such adjusted trading price being the "Exchange Price") by $12.00 (being the issue price of a Combined Unit).

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New Gold Announces 2009 Second Quarter Production and Cash Cost Results

Fri, 17 Jul 2009 13:46:00 GMT

(All figures are in US dollars unless otherwise stated)
VANCOUVER, July 17 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) today announces 2009 second quarter combined gold sales of 68,627 ounces at a total cash cost(1) of $499 per ounce, net of by-product sales.
The production and total cash cost(1) information provided are approximate figures and may differ slightly from the second quarter earnings and include results for the period prior to the close of the business combination with Western Goldfields Inc. ("Western Goldfields") on June 1, 2009.

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RiskMetrics Group and Glass, Lewis and Co. Recommend That New Gold and Western Goldfields Shareholders Vote "FOR" the Business Combination of New Gold and Western Goldfields

Thu, 30 Apr 2009 01:46:00 GMT

VANCOUVER, April 29 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) and Western Goldfields Inc. ("Western") (TSX - WGI and NYSE AMEX - WGW) announced today that RiskMetrics Group (formerly Institutional Shareholder Services or "ISS") and Glass, Lewis and Co. have each formally recommended that their subscribers vote "FOR" the proposed business combination of New Gold and Western ("Transaction").
Under the terms of the Transaction, shareholders of Western will receive one common share of New Gold and C$0.0001 in cash for each common share of Western.
Upon completion of the Transaction, existing New Gold and Western shareholders will own approximately 58% and 42% of the combined company, respectively.

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BoI Approves Incentives for B21bn in Projects

Fri, 20 Mar 2009 04:49:00 GMT

NHK Spring (Thailand), a manufacturer of hard disk parts with yearly capacity of over 88 million units for export to China, plans an expansion project worth 1.35 billion baht.
Toshiba Consumer Products (Thailand) will increase its washing machine production capacity by 700,000 units with an investment of 328 million baht.
Copyright (c) 2009, Bangkok Post, Thailand

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Crocodile Gold to Commence Trading on Toronto Stock Exchange Under Symbol CRK on November 6

Thu, 05 Nov 2009 21:48:00 GMT

Crocodile Gold Corp. (TSX: CRK) today announces that following the completion of the business combination agreement with Franc-Or Resources Corporation ("Franc-Or") (see Crocodile Gold Press Release dated November 3, 2009) it will commence trading on Toronto Stock Exchange under the symbol "CRK".
Mike Hoffman, President and CEO of Crocodile Gold commented, "We are proud to have Crocodile Gold being publicly traded on Toronto Stock Exchange.
Stan Bharti, Chairman of Crocodile Gold commented, "We are excited about the commencement of trading as this represents a significant step forward for Crocodile Gold.

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Grayd Appoints Richard Hall As Chairman

Thu, 24 Sep 2009 13:47:00 GMT

Grayd Resource Corporation (TSX VENTURE: GYD) is pleased to announce that Richard J. Hall has agreed to assume the position of non-executive Chairman of the Board of Directors.
The Company is very pleased to have Mr. Hall as Chairman as it continues to move the La India Gold project forward and evaluate the potential to develop an open pit mine and heap leach extraction facility.
Mr. Hall, who has served on Grayd's board of directors for one year, brings 35 years of mining exploration and development experience to the Board.

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New Gold Announces a 30% Increase in Gold Sales and a 37% Reduction in Cash Cost with Cash Flow from Operations Increasing by $20 Million in the Second Quarter

Thu, 06 Aug 2009 11:55:00 GMT

(All figures are in US dollars unless otherwise stated) VANCOUVER, Aug. 6 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) today announced unaudited financial and operational results for the second quarter ended June 30, 2009. Adjusted net earnings(1) were $10.6 million, or $0.04 per share, in comparison to adjusted net loss(1) of $4.7 million, or $0.05 per share, in the same period in 2008. New Gold reported a net loss of 202.8 million or $0.79 per share in comparison to a net loss of $4.8 million, or $0.05 per share, in the same period in 2008. The main adjustments leading to the second quarter net loss were: a goodwill impairment charge of approximately $189.6 million related to the business combination ...[More...]

New Gold Announces 2009 Second Quarter Production and Cash Cost Results

Fri, 17 Jul 2009 18:48:00 GMT

(All figures are in US dollars unless otherwise stated)
VANCOUVER, July 17 /PRNewswire-FirstCall/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) today announces 2009 second quarter combined gold sales of 68,627 ounces at a total cash cost(1) of $499 per ounce, net of by-product sales.
The production and total cash cost(1) information provided are approximate figures and may differ slightly from the second quarter earnings and include results for the period prior to the close of the business combination with Western Goldfields Inc. ("Western Goldfields") on June 1, 2009.

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BenchmarkJournal.Com Free Analyst Review for NGD, PDS, RF, NSR, TEN and VOD

Thu, 16 Jul 2009 14:16:00 GMT

Benchmark Journal brings independent company and sector research together, utilizing top financial advisors and investment tactics to provide you with a clear picture of investment opportunities.
Today we began research on New Gold Inc. (NYSE: NGD), Precision Drilling Trust (NYSE: PDS), Regions Financial Corp. (NYSE: RF), NeuStar Inc. (NYSE: NSR), Tenneco Inc. (NYSE: TEN) and Vodafone Group plc (NYSE: VOD).
To view our research, sign up now and get started with your complimentary subscription.

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BTV-Business Television Features New Gold Inc., Oro Gold Resources and Starcore Int. And Analyst Jay Taylor and Paul Burton; View the Features Online Through the Video Links Below

Thu, 18 Jun 2009 10:47:00 GMT

BTV, a half-hour weekly business program, profiles emerging publicly trading companies across Canada and the USA.
With Host Taylor Thoen, BTV features companies at their location, interviews the company's key executives, features their products and services, and unveils their plans for future growth.
CANADA: - BNN - Sat, Jun 20th @ 8:00pm ET

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SmallCapSentinel.Com: A Golden Opportunity for a Uranium Hunter

Wed, 10 Jun 2009 13:14:00 GMT

LAS VEGAS, June 10, 2009 (GLOBE NEWSWIRE) -- There is a growing opinion that governmental moves in Washington could benefit gold and gold stocks.
A compelling article by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, compares the ascent of gold after the U.S. government pumped money into the economy during the Vietnam War to the present government recovery programs.
To read the article, use the link below: http://www.kitco.com/ind/Holmes/holmes_jun082009.html

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New Gold Provides an Update Regarding Western Goldfields Share Exchange

Wed, 03 Jun 2009 22:50:00 GMT

VANCOUVER, June 3 /PRNewswire-FirstCall/ - New Gold Inc. (TSX and NYSE Amex: NGD) ("New Gold") provides an update on the Western Goldfields Inc. (TSX: WGI and NYSE Amex: WGW) ("Western Goldfields") common share exchange for New Gold common shares, following the announcement of the completion of the business combination (the "Transaction") on June 1, 2009.
The Transaction was completed by way of a plan of arrangement (the "Plan of Arrangement"), which was approved by the New Gold and Western Goldfields shareholders on May 13 and 14, 2009, respectively and which received final court approval on May 27, 2009.
Pursuant to the Plan of Arrangement, New Gold acquired all of the issued and outstanding common shares of Western Goldfields in consideration for the issuance by New Gold of one common share of New Gold and Cdn$0.0001 for each Western Goldfields common share outstanding.

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New Gold Provides an Update Regarding Western Goldfields Share Exchange

Wed, 03 Jun 2009 20:50:00 GMT

VANCOUVER, June 3 /PRNewswire-FirstCall/ -- New Gold Inc. (TSX and NYSE Amex: NGD) ("New Gold") provides an update on the Western Goldfields Inc. (TSX: WGI and NYSE Amex: WGW) ("Western Goldfields") common share exchange for New Gold common shares, following the announcement of the completion of the business combination (the "Transaction") on June 1, 2009.
The Transaction was completed by way of a plan of arrangement (the "Plan of Arrangement"), which was approved by the New Gold and Western Goldfields shareholders on May 13 and 14, 2009, respectively and which received final court approval on May 27, 2009.
Pursuant to the Plan of Arrangement, New Gold acquired all of the issued and outstanding common shares of Western Goldfields in consideration for the issuance by New Gold of one common share of New Gold and Cdn$0.0001 for each Western Goldfields common share outstanding.

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