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New Gold (TSX:NGD) Construction In Progress : C$151 Mil (As of Dec. 2023)


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What is New Gold Construction In Progress?

New Gold's quarterly construction in progress increased from Jun. 2023 (C$114 Mil) to Sep. 2023 (C$161 Mil) but then declined from Sep. 2023 (C$161 Mil) to Dec. 2023 (C$151 Mil).

New Gold's annual construction in progress declined from Dec. 2021 (C$151 Mil) to Dec. 2022 (C$121 Mil) but then increased from Dec. 2022 (C$121 Mil) to Dec. 2023 (C$151 Mil).

New Gold Construction In Progress Historical Data

The historical data trend for New Gold's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Gold Construction In Progress Chart

New Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 170.41 201.10 151.17 121.04 150.93

New Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 121.04 104.54 113.73 161.02 150.93

New Gold Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

New Gold (TSX:NGD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Gold Inc (TSX:NGD) » Definitions » Construction In Progress
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TSX:FVI TSX:OLA TSX:WDO TSXV:ARTG TSX:KNT TSX:TXG TSX:CG TSX:NG TSX:DPM TSX:SSRM SHSE:601899 NEM TSX:AEM TSX:ABX TSX:FNV TSX:WPM SHSE:600547 JSE:GFI MIC:PLZL ASX:NST
Traded in Other Exchanges
NGD:USA 32N:Germany
Address
181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3
Website
https://www.newgold.com
New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.