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Close of 30 Oct 2026, in USD
About New World Gold
Its shares trade under the ticker NWGC. It has been listed since 11 July 2001. In the fiscal year to 31 December 2013, it reported revenue of $8.2m and net income of $2.2m. At that date it held total assets of $10.6m and shareholders' equity of $6.1m.
New World Gold Corp. engages in the exploration of gold. The company is headquartered in Boca Raton, Florida. The company went IPO on 2001-07-11. The firm has active operations in Ecuador and Peru through its subsidiary. The firm is mining gold, silver and copper in Ecuador and Peru. The firm has around five operating mines and around four operating mills and intends to continue expanding its South American operation. The firm continues to produce its own reserves, as well as milling ore on a contractual basis for independent miners. The firm's estimated proven reserves consist of around 695,000 ounces of gold and estimated probable reserves comprise around 1,200,000 ounces of gold. The firm's facilities are located in the United States, Peru and Ecuador.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 11 Jul 2001
- Employees
- 2
Leadership
Pay as last reported
- Mr. Bobby ThomasPresident, Chief Executive Officer, Director, since 2007
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- New World Gold Corp has a robust financial position with substantial cash reserves and solid revenue streams. This enables the company to fund its operations effectively and seize potential growth opportunities proactively.
- The company boasts a diverse portfolio of gold mining projects located in various regions, ensuring risk mitigation and potential for high returns. This diversification strategy enhances the company's competitive advantage in the market.
Weaknesses
- As a gold mining company, New World Gold Corp's profitability heavily depends on the price of gold. Any decline in gold prices can significantly impact the company's financial performance and overall stability.
- The extraction process involved in gold mining often raises environmental concerns due to its potential impact on ecosystems, water resources, and local communities. Addressing these concerns efficiently is crucial for maintaining the company's reputation and social acceptance.
Opportunities
- With the global demand for gold expected to rise in the foreseeable future, New World Gold Corp can capitalize on this opportunity by expanding its production capacity and capturing a larger market share. This could lead to significant revenue growth and profitability.
- Leveraging technological advancements in mining processes can enhance operational efficiency and reduce production costs for New World Gold Corp. Embracing innovative techniques and equipment could provide a competitive edge and improve overall profitability.
Threats
- Increasing regulatory scrutiny and stricter environmental regulations pose risks to New World Gold Corp's operations. Compliance with evolving regulations is vital to avoid legal issues, fines, and reputation damage.
- The gold mining industry is highly competitive, with numerous established players and potential new entrants. New World Gold Corp must continuously innovate and differentiate itself to maintain its market position and attract investors.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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