September 12, 2018 / 5:59 PM / 2 months ago

BUZZ-New Gold Inc: Jumps on possible sale; appointment of new CEO

** Toronto-based miner’s shares up ~27 pct at C$1.31; top pct gainer in S&P TSX Composite Index

** Co explores sale as it struggles with higher costs for developing a new mine, sources say

** Plans to divest specific mines if outright sale does not happen

** Appoints Renaud Adams as new CEO, effective immediately

** More than 7.8 mln shares of Canadian listed co traded; U.S.-listed shares up ~29 pct at $1.01

** Despite Wednesday’s gains, NGD.TO stock has fallen ~68 pct YTD (Reporting by Shanti S Nair in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below