Bullboard - Stock Discussion Forum 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... see more

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New Gold Inc > Consolidated First Quarter Highlights

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Post by Reachme on May 05, 2021 8:40am

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.