Hard Asset Investments / Seeking Alpha
New Gold (NYSEMKT:NGD) is one of my favorite mid-tier gold mining companies in the industry: the company has a portfolio of four producing mines, all located in politically favorable mining jurisdictions, plus three development properties that could at least double the company’s total yearly gold production in the near future.
Investors bullish on gold and on New Gold in particular should also take a strong look at the company’s publicly-traded warrants, which trade on the OTC markets under the symbol NGDAF.
Here, I will try to make the case that New Gold is poised to outperform its peers, using the Gold Miners Index (NYSEARCA:GDX) as a benchmark index. I will also provide investors with information regarding the 2017 warrants, which I believe will outperform the common shares going forward.