NGUGF New Guinea Gold Corp featured news, full reports, and detailed charts
New Guinea Gold Corp (NGUGF/NGUGF.PK) Wrap Up:
New Guinea Gold Corporation engages in the acquisition, exploration, development, and operation of mineral properties in Papua New Guinea. It has direct interests in five gold properties and indirect interests in three gold properties, as well as indirect interests in two porphyry copper-goldmolybdenum properties. Its principal properties include Sinivit gold project in East New Britain Province; Imwauna gold project in southeast Papua New Guinea; and Weioko gold project in Milne Bay Province. The company is headquartered in Vancouver, Canada.New Guinea Gold Corp (NGUGF:Pink OTC Markets Inc)
Snapshot of New Guinea Gold Corp (NGUGF)
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OPEN
$0.11
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PREVIOUS CLOSE
$0.11
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DAY HIGH
$0.12
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DAY LOW
$0.11
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52 WEEK HIGH
01/5/09 - $0.31
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52 WEEK LOW
10/28/09 - $0.10
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MARKET CAP
18.0M
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AVERAGE VOLUME 3 mo
39.5K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
156.2M
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NGUGF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
NGUGF Top Compensated Officers
Executives, Board Directors
Key developments for New Guinea Gold Corp (NGUGF)
New Guinea Gold Corp. adviced that gold production from the Sinivit Mine, Papua New Guinea, for the quarter ending September 30, 2009 was 1,857.7ozs gold. Silver production was 344.5ozs. Production was lower in this quarter than the previous quarter due to two factors: The dispute with former mining contractor HBS Machinery resulted in only approximately 50% mining/earthmoving capacity during the quarter. This reduced capacity inhibited the completion of new vats, and being able to bring on line a new vat every month. Ongoing unseasonable rainfall, which together with the fact that mining/vat construction had to be carried out with normal 'road trucks', rather than articulated multi wheel drive trucks, (which could operate more safely around the mine in wet weather). Rainfall throughout the quarter totalled 1,476.5mm or approximately 58 inches. On an annualised basis this equates to approximately 240 inches-as against a long term annual average of approximately 150 inches. The past quarter is also normally the height of the 'dry season' and relatively little rain is usually expected. Mine equipment is now back to strength with the additional equipment as noted below being now on site and in operation: • Two CAT 730 6x6 articulated Dump Trucks, • One Hitachi 2 by 450 H 45 tonne excavator, and • One CAT D5G bulldozer. This equipment now compliments three road trucks, three 20/30t excavators, a loader, and two bulldozers, which were already on site.
New Guinea Gold Corp. encountered very high grade gold near surface, in trench of 12m at 41.2g/t gold, including an 8m interval of 64g/t gold. This trenching was carried out beyond the known north eastern extent of the oxide gold mineralisation at the Northern Oxide Zone or Pit. It substantially increases the known gold in this section of the Sinivit Mine. The mineralisation occurs on the slopes of a steep hill, and is covered by one to two metres of volcanic ash. It does not outcrop. Volcanic ash obscures all outcrop for a further 50m to 100m to the north. Adjacent Reverse Circulation drill holes, gave the following results. The mineralisation is irregular in shape, at least at a 0.5g/t cut off, and, as indicated from the drill holes, can vary in grade rapidly over short distances.
New Guinea Gold Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of CAD 3,643,591 or CAD 0.02 per basic and diluted share on revenue of CAD 2,362,063 compared to net loss of CAD 2,296,050 or CAD 0.01 per basic and diluted share on revenue of CAD 1,524,551 for the same quarter a year ago. Net loss from mining operations was CAD 2,774,690 compared to CAD 1,203,963 for the same quarter a year ago. Loss from operations was CAD 3,329,799 compared to CAD 1,867,640 for the same quarter a year ago. Cash used in operating activities was CAD 521,522 compared to CAD 863,379 for the same quarter a year ago. Purchase of equipment was CAD 257,582 compared to CAD 432,220 for the same period a year ago. Mineral property exploration expenditures was CAD 520,168 compared to CAD 379,135 for the same quarter a year ago. For the six months, the company reported net loss of CAD 3,617,586 or CAD 0.02 per basic and diluted share on revenue of CAD 3,901,531 compared to net loss of CAD 3,043,222 or CAD 0.02 per basic and diluted share on revenue of CAD 1,524,551 for the same period a year ago. Net loss from mining operations was CAD 844,479 compared to CAD 1,203,963 for the same period a year ago. Loss from operations was CAD 3,172,261 compared to CAD 2,551,986 for the same period a year ago. Cash used in operating activities was CAD 1,027,570 compared to CAD 1,177,070 for the same period a year ago. Purchase of equipment was CAD 526,814 compared to CAD 464,804 for the same period a year ago. Mineral property exploration expenditures were CAD 861,397 compared to CAD 746,642 for the same period a year ago. The company reported impairment loss on equity accounted investments of CAD 83,194 for the second quarter ended June 30, 2009.
NGUGF Competitors
| Company | Last | Change | |
| No competitor information is available for NGUGF. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | NGUGF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.5x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 2.0x |
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NGUGF |
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NGUGF transactions
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Target |
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Private Placement
October 28, 2009 |
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Merger/Acquisition
August 19, 2009 |
50% of Pacific Kanon Gold Corp., 20% of Mount Penck Property and 50% of Feni Island Properties |
