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« Reply #30 on: August 03, 2011, 09:59:03 PM »

New Gold Announces 2011 Second Quarter Results
Gold Sales of 95,039 Ounces at Total Cash Cost of $354 Per Ounce

August 3, 2011

New Gold Inc. today announces financial and operational results for the second quarter of 2011. The company finished the second quarter with gold sales of 95,039 ounces at a total cash cost per ounce sold, net of by-product sales, of $354 per ounce. The company’s ability to deliver increased gold sales at lower costs along with the continued strength in commodity prices resulted in another quarter of robust financial results. During the quarter, the company’s earnings from mine operations increased by 129% to $83 million with net earnings increasing to $79 million, or $0.19 per share, while pre-tax cash generated from operations increased by 96% to $88 million and net cash generated from operations was $44 million.

New Gold is also pleased to reiterate its production and cost guidance for 2011 with gold production of 380,000 to 400,000 ounces at total cash cost per ounce sold, net of by-product sales, of $390 to $410 per ounce. The company believes that with the continued strength of silver and copper prices, the total cash cost may be below the above noted cost range as it has been on a year-to-date basis.


New Gold Second Quarter Highlights

 Second quarter total cash cost per ounce sold decreased to $354 per ounce from $481 per ounce in the same period in 2010
 Quarterly gold sales increased by 15% to 95,039 from 82,403 in the same period in 2010
 Second quarter net earnings of $79 million, or $0.19 per share
 First caving-related blast successfully completed at New Afton connecting two underground levels below the ore body
 $490 million of cash at June 30, 2011
 Completed the acquisition of Richfield Ventures Corp. (“Richfield”), and its flagship Blackwater Project in British Columbia on June 1, 2011
 Increased the exploration program at the Blackwater Project – targeting 40,000 to 50,000 metres of drilling in the second half of 2011

“The second quarter was particularly important in the continued evolution of New Gold,” stated Randall Oliphant, Executive Chairman. “Our operating results further established our company as a low cost producer in the industry, while development at New Afton and El Morro only helped add further value to those projects. With this foundation, we were able to complete the acquisition of Richfield, adding the exciting Blackwater Project with its established gold resource base and significant exploration potential to our pipeline, all while minimizing dilution to our shareholders and maintaining our financial flexibility.”

http://www.kitco.com/pr/1738/article_08032011170918.pdf
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« Reply #31 on: March 07, 2012, 01:06:13 PM »

New Gold Increases Gold Resources At Blackwater Project

March 07, 2012

New Gold Inc. reports that results from the latest 43-101 mineral resource estimate has raised its indicated and inferred gold resources. Indicated gold resources now total 174 million metric tons at an average grade of 0.98 grams per metric ton containing 5.5 million ounces of gold at a 0.4 g/t cut-off grade. Inferred gold resources stand at 92 million metric tons at an average grade of 0.78 g/t containing 2.3 million ounces of gold at a 0.4 g/t cut-off grade, the company says.

"It is gratifying that our exploration team at Blackwater was able to add over 400,000 ounces in one month to finish 2011,” Mark Petersen, vice president of exploration, says. “We look forward to delivering on our 2012 objectives of upgrading the mineral resource classification, growing the resource and identifying new targets on our extensive land package." The company expects to drill about 500 holes and over 200,000 meters in 2012. New Gold Inc. is an intermediate gold producer with assets in the United States, Mexico, Australia, Canada and Chile.

http://www.kitco.com/reports/KitcoNews20120307_MM.html
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« Reply #32 on: May 02, 2012, 07:05:49 PM »

New Gold Announces 2012 First Quarter Results Continuing its Track Record of Margin Expansion and Increasing Net Earnings by 36%

May 2, 2012 – New Gold Inc., today announces financial and operational results for the first quarter of 2012, with increases in margin per ounce when compared to both the first and fourth quarters of 2011. The company finished the first quarter with gold production of 99,274 ounces at a total cash cost(1) per ounce sold, net of by-product sales, of $543 per ounce. The combination of this gold production, well below industry average cash costs and the continued strength of the gold price led New Gold to another strong quarter of financial results.

During the quarter, earnings from mine operations were $78 million, net earnings increased 36% to $34 million, or $0.07 per share, and adjusted net earnings were $44 million, or $0.10 per share. New Gold is also pleased to reiterate its guidance for 2012 with the targeted start of the New Afton Mine in June set to increase annual gold production to 405,000 to 445,000 ounces at a total cash cost(1) per ounce sold, net of by-product sales, of $410 to $430 per ounce.

First Quarter 2012 Highlights

 Gold production of 99,274 ounces Average realized margin of $1,032 per ounce, an increase over both the first and fourth quarters of 2011

 Earnings from mine operations of $78 million

 Net earnings increased by 36% to $34 million, or $0.07 per share, from $25 million, or $0.06 per share, in the same period of the prior year

 Nine drawbells completed at New Afton during the quarter with caving progressing as anticipated. Additional four drawbells completed in April bringing total to 21 drawbells

 Underground mining rate over 4,700 tonnes per day at the end of April 2012

 565,000 tonnes of ore stockpiled on surface at New Afton at March 31, 2012. Additional 140,000 tonnes added to surface stockpile in April

 Updated National Instrument 43-101 compliant mineral resource estimate at Blackwater which includes: Indicated gold resource: 174 million tonnes at an average grade of 0.98 grams per tonne containing 5.5 million ounces of gold at a 0.4 gram per tonne cut-off grade. Inferred gold resource: 92 million tonnes at an average grade of 0.78 grams per tonne containing 2.3 million ounces of gold at a 0.4 gram per tonne cut-off grade

 Immediately subsequent to the end of the first quarter closed a $300 million 7.0% senior notes offering

http://www.kitco.com/pr/1738/article_05022012161213.pdf
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« Reply #33 on: September 20, 2012, 11:15:27 AM »


New Gold Announces Preliminary Economic Assessment At Blackwater

September 20, 2012

Annual Gold Production Over 500,000 Ounces at - Well Below Industry Average Cash Costs

New Gold Inc. today announces a positive Preliminary Economic Assessment for its Blackwater Gold Project (“Blackwater” or the “Project”) in British Columbia, Canada. Over the initial 15 years of its mine life, Blackwater is estimated to produce an annual average of 507,000 ounces of gold and 2,039,000 ounces of silver at total cash costs(1) per ounce sold, net of by-product sales, of $536 per ounce. At assumed gold and silver prices of $1,275 and $22.50 per ounce and a 0.94 US$/CDN$ foreign exchange rate, the Project is expected to yield a base case after-tax, 5% net present value (“NPV”) of $1.1 billion and an after-tax internal rate of return (“IRR”) of 14.0%. At spot commodity prices of $1,775 per ounce gold and $34.50 per ounce silver and a parity exchange rate, the after-tax, 5% NPV and IRR move to $2.8 billion and 25.8%, respectively. All NPV calculations are calculated to the beginning of the construction period in 2015. The PEA was completed on a pre-tax basis by AMEC Americas Limited (“AMEC”), an independent and internationally-recognized engineering firm. All after-tax calculations were completed by New Gold.

http://www.kitco.com/pr/frame/index_prec.html?http://www.kitco.com/pr/1738/article_09202012065930.pdf
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« Reply #34 on: November 01, 2012, 07:45:50 PM »


New Gold Announces Third Quarter 2012 Results with New Afton Contributing to Record Margins and Blackwater Achieving Key Milestones

November 1, 2012

New Gold Inc., today announces results for the third quarter of 2012, with gold production of 104,577 ounces at total cash costs(1) per ounce sold, net of by-product sales, of $443 per ounce. The company is pleased to report that the combination of its low costs and the continued strength of the gold price resulted in New Gold delivering shareholders a margin of over $1,100 per ounce for the first time in the company's history.

Third Quarter 2012 Highlights
• New Afton successfully transitioned into production, achieving full mill design throughput of 11,000 tonnes per day over one month ahead of schedule
• Gold production increased by 16% to 104,577 ounces from 90,384 ounces in the same period of the prior year
• Total cash costs(1) per ounce sold, net of by-product sales, of $443 per ounce were $85 per ounce below the same period of the prior year and well below industry average
• Adjusted net earnings of $43 million , or $0.09 per share
• Cash generated from operations before working capital changes(2) increased to $91 million from $80 million in the same period of the prior year
• Completed Blackwater Preliminary Economic Assessment ("PEA") with the following highlights:
• Start of production targeted for 2017
• Initial 15-year mine life with additional 1.4 years of processing stockpiles at end of pit life
• Life-of-mine strip ratio of 2.36 to 1.00 of waste to mineralized material
• First five years - average annual gold production of 569,000 ounces at total cash costs(1) per ounce sold, net of by-product sales, of $467 per ounce
• Spot Case (as at September 20 th) - After-tax 5% NPV of $2.8 billion , IRR of 25.8% and payback of 2.7 years, at prices of $1,775 per ounce gold, $34.50 per ounce silver and a parity US$/CDN$ foreign exchange rate

http://finance.yahoo.com/news/gold-announces-third-quarter-2012-201000856.html
 
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« Reply #35 on: July 31, 2013, 10:31:20 AM »


New Gold Second Quarter Delivers Increased Production At Lower Costs

July 31, 2013

Second Half of 2013 Remains on Track to Provide Strong Finish to the Year. New Gold Inc. ("New Gold") (TSX and NYSE MKT:NGD) today announces financial and operational results for the second quarter of 2013.

Second Quarter 2013 Highlights
• Gold production increased by 8% to 102,435 ounces from 95,158 ounces in the second quarter of 2012 and 94,695 ounces in the first quarter of 2013
• New Afton increased gold production by 46% and copper production by 58% when compared to the first quarter of 2013
• Monthly production steadily grew culminating in June production of 7,860 ounces of gold and 7.0 million pounds of copper
• All-in sustaining costs(1) of $931 per ounce
• Total cash costs(2) of $430 per ounce compared to $472 per ounce in the prior year period
• Cash and cash equivalents of $563 million at June 30, 2013
• Announced friendly take-over of Rainy River Resources Ltd. ("Rainy River") on a 50% cash - 50% equity basis, with a net acquisition cost of approximately $310 million
• On July 24, 2013 , acquired 86% of the outstanding Rainy River shares and extended our offer to August 8, 2013
• New Gold reiterates its 2013 guidance with gold production of 440,000 to 480,000 ounces at all-in sustaining costs(1) of $875 per ounce

"The second quarter delivered on planned increases in gold production at lower costs. In the second half of the year, we expect a 30 percent increase in gold production relative to the first half of 2013 at lower costs, which should result in increased earnings and cash flow," stated Randall Oliphant , Executive Chairman. "Beyond this near-term momentum, we continue to feel well positioned for the future with our strong cash balance and robust organic project pipeline."

During the second quarter, the company produced 102,435 ounces of gold at all-in sustaining costs(1) of $931 per ounce and total cash costs(2) of $430 per ounce. The company generated revenue of $184 million , earnings from mine operations of $34 million and net earnings of $15 million , or $0.03 per share. Adjusted net cash generated from continuing operations(3) was $43 million , which was adjusted for a one-time charge of $66 million related to the unwinding of the company's legacy gold hedge position. Including the non-recurring cost to settle the hedge, net cash used by continuing operations was $23 million .

http://finance.yahoo.com/news/gold-second-quarter-delivers-increased-113000739.html
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« Reply #36 on: August 09, 2013, 03:39:52 PM »


New Gold Successfully Completes Offer with 97% Of Rainy River Shares Tendered

August 9, 2013

New Gold Inc. today announces that, as of 5:00 p.m. ( Toronto time) on August 8, 2013 , a total of approximately 100.9 million common shares of Rainy River, representing approximately 97.5% of the outstanding shares, had been validly deposited to New Gold's offer to acquire all of the outstanding shares of Rainy River (the "Offer") which was extended by a Notice of Extension dated July 25, 2013 . New Gold has taken up and accepted for payment all shares tendered between July 25 and August 8, 2013 , being approximately 11.7 million shares, and will pay for such shares today. Shares tendered on or before July 24, 2013 were previously taken up and paid for by New Gold.

Rainy River shareholders who tendered their shares between July 25 and August 8, 2013 , and who elected the cash option will receive $1.97 in cash and 0.243 New Gold shares for each share tendered and those who elected the share option will receive 0.5 New Gold shares, subject in each case to adjustment for fractional shares and to confirmation of the number of Rainy River shares validly tendered pursuant to Notices of Guaranteed Delivery.

As the Offer has now expired, New Gold plans to acquire the balance of the Rainy River shares not tendered to the Offer by way of compulsory acquisition under the Business Corporations Act (British Columbia). A Notice of Compulsory Acquisition is expected to be mailed in the coming days to Rainy River shareholders who did not tender their shares to the Offer. Shareholders are encouraged to carefully review the Notice of Compulsory Acquisition and accompanying Letter of Transmittal, and to complete and return the Letter of Transmittal, together with the certificates representing their Rainy River shares, in accordance with the instructions included in the Notice of Compulsory Acquisition.

http://finance.yahoo.com/news/gold-successfully-completes-offer-97-113000593.html
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« Reply #37 on: October 21, 2013, 07:05:17 PM »


New Gold Achieves Targeted Throughput Increase At New Afton Ahead Of Schedule

Oct. 21, 2013 /PRNewswire/ - New Gold Inc. ("New Gold") (NGD.TO) (NYSE MKT:NGD) today announces that its New Afton Mine has successfully achieved the targeted increase in throughput to 12,000 tonnes per day, from a design capacity of 11,000 tonnes per day, three months ahead of schedule. The combination of the increased throughput, and higher grades and recoveries, resulted in increased production of both gold and copper during the third quarter at New Afton. As the company is hosting an analyst tour to New Afton on October 22, 2013, New Gold today provides preliminary third quarter production and cost results for New Afton as well as the balance of its portfolio of operating mines. The preliminary production and cost information provided reflects approximate figures and may differ slightly from the company's third quarter earnings, which will be announced on October 29, 2013.

New Afton Update
•Average mill throughput of 12,396 tonnes per day in September 2013
•Represents 13% increase over 11,000 tonne per day design capacity
•Average mill throughput of 11,967 tonnes per day during third quarter of 2013
•Gold grade continued to reconcile positively against block model
•80% increase in gold production to 25,220 ounces from 14,014 ounces in the third quarter of 2012
•88% increase in copper production to 20.9 million pounds from 11.1 million pounds
•Operation successfully tested over five-day period at rates of 14,000 to 15,500 tonnes per day
•Continued positive exploration results at both the C-Zone and East Cave Extension targets

Consolidated 2013 Third Quarter Production and Cost Summary
•Lowest cost quarter in the company's history
•All-in sustaining costs(1) of $779 per ounce
•Total cash costs(2) of $280 per ounce compared to $443 per ounce in the prior year period
•Gold production of 94,038 ounces compared to 104,577 ounces in the third quarter of 2012
•Copper production increased by 67% to 23.7 million pounds from 14.2 million pounds
•Cash and cash equivalents of $429 million at September 30, 2013

"The third quarter saw our company deliver on a number of very important objectives, however, it also brought with it certain challenges," stated Randall Oliphant, Executive Chairman. "The combination of successfully increasing New Afton's throughput and further reducing our costs positions us well going forward. At the same time, we are disappointed that the operational challenges we encountered at Cerro San Pedro and Mesquite have negatively impacted our quarterly and year-to-date production."

New Gold will provide an update on its production and cost outlook for the fourth quarter and full year 2013 as part of its third quarter earnings announcement on October 29, 2013.

http://finance.yahoo.com/news/gold-achieves-targeted-throughput-increase-201000632.html
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« Reply #38 on: October 29, 2013, 09:51:29 AM »


New Gold Announces Third Quarter Results With Lowest Costs In Company's History

October 29, 2013

New Gold Inc. today announces financial and operational results for the third quarter of 2013. The company previously released its quarterly operational results on October 21, 2013.

Third Quarter 2013 Highlights
•All-in sustaining costs(1) of $779 per ounce
•Total cash costs(2) of $280 per ounce compared to $443 per ounce in the prior year period
•Gold production of 94,038 ounces compared to 104,577 ounces in the third quarter of 2012
•Copper production increased by 67% to 23.7 million pounds from 14.2 million pounds
•Adjusted net earnings(4) of $20 million, or $0.04 per share
•Adjusted net cash generated from operations(3) of $54 million
•New Afton reached targeted throughput increase to over 12,000 tonnes per day three months ahead of schedule
•Cash and cash equivalents of $429 million at September 30, 2013
•Completed take-over of Rainy River Resources Ltd. ("Rainy River") on October 15, 2013
•Increased gold reserves per share by 44%
•El Morro's environmental permit reinstated on October 22, 2013
•Updated 2013 outlook: 390,000 to 400,000 ounces of gold production at all-in sustaining costs(1) of approximately $900 per ounce
and total cash costs(2) of approximately $375 per ounce

"The strong performance of New Afton, our largest cash flow generator, and the successful acquisition of Rainy River during the quarter were very important milestones for our company," stated Randall Oliphant, Executive Chairman. "We are, however, disappointed that the operational challenges at Cerro San Pedro and Mesquite led us to update our outlook for the first time in the company's history. Importantly, our foundation of low costs, a solid balance sheet, and organic growth pipeline in favourable jurisdictions continues to be strong. As originally scheduled, the fourth quarter should be our highest production quarter of the year and we look forward to a strong finish to 2013."

During the third quarter, the company produced 94,038 ounces of gold at all-in sustaining costs(1) of $779 per ounce and total cash costs(2) of $280 per ounce, representing the lowest cost quarter in the company's history on both measures. For the three month period ended September 30, 2013, New Gold generated revenue of $196 million, earnings from mine operations of $51 million, net earnings of $12 million, or $0.02 per share, and net cash generated from continuing operations of $36 million. Adjusted net earnings(4) were $20 million, or $0.04 per share, and adjusted net cash generated from continuing operations(3) was $54 million.

http://finance.yahoo.com/news/gold-announces-third-quarter-results-113000709.html
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« Reply #39 on: January 22, 2014, 10:33:59 AM »


New Gold To Discuss Fourth Quarter and Full Year 2013 Operational Results

January 21, 2014

New Gold Inc. plans to announce its fourth quarter and full year 2013 operational results as well as 2014 guidance prior to the market opening on Thursday, February 6, 2014. A webcast and conference call will be held on February 6th beginning at 10:00 a.m. Eastern Time to discuss these results. Participants may listen to the webcast by registering here or from our website at www.newgold.com. You may also listen to the conference by calling toll-free 1-888-231-8191 or 1-647-427-7450 outside of Canada and the U.S. To listen to a recorded playback of the call after the event, please call toll-free 1-855-859-2056 or 1-416-849-0833 outside of Canada and the U.S. - Passcode 34704055. An archived webcast will also be available at www.newgold.com following the event.

http://www.kitco.com/pr/frame/index_prec.html?http://www.kitco.com/pr/1738/article_01212014163409.pdf
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« Reply #40 on: February 06, 2014, 09:43:18 AM »


New Gold Finishes 2013 With Lowest Costs In Its History, Increases Gold Reserves By 127 Percent Per Share And Provides 2014 Guidance With Even Lower Costs

February 6, 2014

New Gold Inc. today announces fourth quarter and full-year 2013 operational results, updated year-end mineral reserves and resources and 2014 guidance.

Fourth Quarter and Full-Year 2013 Highlights

• Highest production quarter of 2013 – 106,520 ounces of gold and 24.0 million pounds of copper
• Low total cash costs(1) of $316 per ounce and all-in sustaining costs(2) of $883 per ounce
• Met 2013 full-year outlook and achieved lowest total cash costs(1) in company’s history
• Production – 397,688 ounces of gold, 85.4 million pounds of copper and 1.6 million ounces of silver
• Costs – total cash costs(1) of $377 per ounce, the lowest in New Gold’s history, and all-in sustaining costs(2) of $899 per ounce
• 2013 year-end mineral reserves of 18.5 million ounces of gold, an increase of 127% per share when compared to the end of 2012
• Year-end cash balance of $414 million

2014 Guidance

• Focus will be on further cost reductions in 2014 with targeted total cash costs(1) of $320 to $340 per ounce and all-in sustaining costs(2) of $815 to $835 per ounce
• Gold production expected to remain consistent with that achieved in 2013, ranging from 380,000 to 420,000 ounces
• 23% targeted increase in gold production at low-cost New Afton Mine offset by lower production at Cerro San Pedro
• Copper production expected to increase by 12% to a range of 92.0 to 100.0 million pounds
• New Afton expected to average throughput of 12,500 tonnes per day in 2014 and proceeding with mill expansion to 14,000 tonnes per day, driving further targeted gold and       copper production growth in 2015
• Exploration to focus on further increasing gold and copper resources at New Afton C-zone, which grew by over 10 times in 2013, and follow-up drilling on prospective regional targets at the Rainy River and Blackwater projects

“We are pleased to have finished the year with a strong quarter which enabled us to deliver the lowest cash costs in our history,” stated Randall Oliphant, Executive Chairman. “We are particularly proud to have increased the company’s reserves per share so significantly, and to have the highest reserves we have ever had, which positions New Gold well for the future. In 2014, we anticipate another solid year with even lower costs driven by the strong performance of New Afton, our biggest cash flow generator.”

http://www.kitco.com/pr/1738/article_02062014080248.pdf
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« Reply #41 on: February 06, 2014, 11:40:09 AM »

What's with the drop? Any reason why people reacted negatively to this?
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« Reply #42 on: February 06, 2014, 11:59:57 AM »

What's with the drop? Any reason why people reacted negatively to this?

Doesn't make much sense... I have looked and can't find anything negative to cause the drop...

http://stockcharts.com/h-sc/ui?s=NGD&p=D&b=5&g=0&id=p11530901891
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« Reply #43 on: July 31, 2014, 11:47:52 AM »


New Gold Announces 2014 Second Quarter Results Delivers Record First Half Cash Flow

July 31, 2014

New Gold Inc. today announces its second quarter 2014 operational and financial results. The company produced 89,460 ounces of gold at all-in sustaining costs(1) of $745 per ounce, which led to $59 million, or $0.12 per share, in net cash generated from operations.

Second Quarter 2014 Highlights
• All-in sustaining costs of $745 per ounce decreased by $186 per ounce compared to the second quarter of 2013 driven by lower total cash costs
• Record-low total cash costs of $251 per ounce were down $179 per ounce from $430 per ounce in the prior-year quarter
• All-in sustaining cost margin of $559 per ounce and total cash cost margin of $1,053 per ounce
• Gold production of 89,460 ounces coupled with copper production of 25.5 million pounds
• Adjusted net earnings of $8 million, or $0.02 per share, compared to $4 million, or $0.01 per share, in the prior-year quarter
• Net cash generated from operations per share increased by 33% to $0.12 per share, or $59 million, from $0.09 per share, or $43 million, in the second quarter of 2013
• $414 million in cash and cash equivalents at June 30, 2014
• The company reiterates its 2014 guidance of 380,000 to 420,000 ounces of gold production at all-in sustaining costs of $815 to $835 per ounce, including total cash costs of $320 to $340 per ounce
• Rainy River – all key long lead time items have been ordered and detailed engineering is progressing; project continues on schedule with targeted first production in late 2016

http://www.kitco.com/pr/1738/article_07312014074710.pdf
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« Reply #44 on: August 27, 2015, 11:27:49 AM »


New Gold Announces Sale Of El Morro Interest For $90 Million Cash And A 4% Gold Stream

August 27, 2015

New Gold Inc. today announces that the company has entered into an agreement with Goldcorp Inc. ("Goldcorp") to sell New Gold's 30% interest in the El Morro project to Goldcorp in exchange for $90 million in cash, a 4% stream on gold production from the El Morro property and the cancellation of New Gold's $93 million carried funding loan (the "Transaction"). The Transaction provides New Gold with increased financial flexibility, strengthens the balance sheet and enables the company to maintain exposure to El Morro's significant 8.9 million ounce gold reserve and ongoing exploration potential.

http://finance.yahoo.com/news/gold-announces-sale-el-morro-115800996.html
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