New Gold Inc T.NGD

Alternate Symbol(s): NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.

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New Gold Inc > Consolidated First Quarter Highlights

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Post by Reachmeon May 05, 2021 8:40am

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Post# 33130718

Consolidated First Quarter Highlights

Total production for the first quarter was 96,026 gold equivalent 1 ("gold eq.") ounces (66,650 ounces of gold, 187,224 ounces of silver and 13.8 million pounds of copper).
Revenues for the quarter were $165 million.
Operating expense for the quarter was $1,022 per gold eq. ounce.
Total cash costs 2 for the quarter were $1,067 per gold eq. ounce.
All-in sustaining costs 2 for the quarter were $1,550 per gold eq. ounce.
Average realized gold price 2 of $1,788 per ounce.
Net earnings for the quarter were $15 million($0.02 per share).
Adjusted net earnings 2 for the quarter were $8 million ($0.01 per share).
Cash generated from operations for the quarter $53 million ($0.08 per share). Cash generated from operations for the quarter, before changes in non-cash operating working capital 2 , was $64 million($0.09 per share).
At the end of the quarter, the Company had a cash position of $131 million and a strong liquidity position of $435 million.