New Gold (NYSEMKT:NGD)

Recent Stock Price: $3.33

Shares Outstanding: 508.69 million

Market Cap: $1.69 billion

Enterprise Value: $2.16 billion

52-Week Range: $3.16 - $6.78

(Source: Yahoo Finance)

New Gold is a Canadian-based gold mining with a portfolio of four producing assets (the Cerro San Pedro, Mesquite, New Afton, and Peak Mines) and three development projects (the Rainy River, Blackwater and El Morro mines).

The company was once one of the lowest-cost gold miners in the world at one point, but unfortunately, the company is quickly losing this title. For the first quarter of 2015, while New Gold's gold production increased by 4% to 94,977 ounces, its all-in sustaining costs (AISC) per gold ounce rose to $1,014 per ounce. This simply wasn't one of New Gold's best quarters, and it is certainly a cause for concern as gold prices slip below $1,200 per…

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