Topic: How To Invest

Hi, Pat. Do you have any information on Newmarket Gold?

Article Excerpt

Newmarket Gold, $1.40, symbol NMI on Toronto (Shares outstanding: 134.3 million; Market cap: $188.0 million; www.newmarketgoldinc.com), has its shares listed in Canada, but its three 100%-owned operating gold mines—Fosterville, Cosmo and Stawell—are in Australia. Newmarket recently merged with Crocodile Gold. The combined company has more than 200,000 ounces of annual production. In the three months ended June 30, 2015, Newmarket’s revenue fell 4.6%, to $66.0 million from $69.2 million a year earlier (all figures except share price and market cap in U.S. dollars). The company earned $12.1 million, or $0.10 a share, up sharply from $3.9 million, or $0.03. Cash flow was $24.2 million, or $0.21 a share, a 55.1% increase from $15.6 million, or $0.13, a year ago. The gains came from lower costs and improved efficiency. In the latest quarter, Newmarket produced 55,998 ounces of gold, up 3.7% from 54,024 ounces. However, it sold…