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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

Consumer Cyclical Metals & Mining Home Furnishings & Fixtures Gold
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.


TSX:NGD - Post by User

New Gold Inc
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Post by Reachmeon Aug 11, 2021 6:43am
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Post# 33683586

Consolidated Second Quarter Highlights

Consolidated Second Quarter Highlights

 

  • Total production for the quarter was 105,705 gold equivalent1 ("gold eq.") ounces (66,989 ounces of gold, 240,029 ounces of silver and 18.2 million pounds of copper). For the six-month period ended June 30, 2021, production was 201,731 gold eq.1 ounces (133,639 ounces of gold, 427,253 ounces of silver and 32.0 million pounds of copper).
  • Revenues for the quarter were $198 million.
  • Operating expense for the quarter was $913 per gold eq. ounce.
  • Total cash costs2 for the quarter were $977 per gold eq. ounce.
  • All-in sustaining costs2 for the quarter were $1,551 per gold eq. ounce.
  • Average realized gold price2 of $1,817 per ounce and average realized copper price2 of $4.43 per pound.
  • Net loss for the quarter was $16 million ($0.02 per share).
  • Adjusted net earnings2 for the quarter were $27 million ($0.04 per share).
  • Cash generated from operations for the quarter was $110 million ($0.16 per share). Cash generated from operations for the quarter, before changes in non-cash operating working capital2, was $85 million ($0.12 per share).
  • Free cash flow2 generated for the quarter was $21 million.
  • At the end of the quarter, the Company had a cash position of $138 million and a strong liquidity position of $464 million.
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