TORONTO, Feb. 8, 2017 /PRNewswire/ - New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT: NGD) today announces that the company has entered into a binding letter agreement with Goldcorp Inc. ("Goldcorp") to sell the company's gold stream on the El Morro project to Goldcorp for $65 million cash (the "Transaction"). The Transaction will provide New Gold with additional liquidity as the company advances the construction of its Rainy River project, which (continues here)
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"Ohhh I dunno, just a silly unfounded suspicion of mine I spose...."
This just out:
Interestingly NGD carried this asset on its books at U$32m, so at least it's going to look good on the balance. For a couple of months at least.