New Gold Inc. (NGD.TO)
- Motley Fool
Why Gold Stocks Were Soaring Today
Gold stocks were on the march today, riding a broad relief rally as stock prices rose and Treasury yields crashed with the yield on the 10-Year Treasury Note down 5.6% in afternoon trading. There was no obvious trigger for the movement, though the most likely reason seems to be the Bank of England's decision to buy long-dated U.K. government bonds in order to stabilize the pound after the currency had fallen sharply against the dollar in recent weeks. Gold is seen by some investors as a safe haven from money-printing in fiat currencies, especially during high-inflation times, while others believe that higher interest rates are bearish for gold because they make fixed income like bonds more attractive.
- The Canadian Press
Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,385.88, down 174.28 points.) Baytex Energy Corp. (TSX:BTE). Energy. Unchanged at $6.56 on 26.8 million shares. New Gold Inc. (TSX:NGD). Mining. Up four cents, or 3.54 per cent, to $1.17 on 25.3 million shares. GoGold Resources Inc. (TSX:GGD). Mining. Up 24 cents, or 16.90 per cent, to $1.66 on 20.9 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 44 cents, or 1.07 per cent
- CNW Group
New Gold Provides Rainy River Mine Update
New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to provide an update on its Rainy River Mine following the heavy rainfall and flooding experienced around the Fort Frances area in northwestern Ontario during the second quarter of 2022. The Company is also providing an update on the advancement of the Intrepid underground zone.
