New Gold Inc. (NGD)

[JohnCM]

New Gold is pleased to reiterate its 2014 guidance for both production and costs.

As previously announced, the fourth quarter is scheduled to be New Gold's strongest of the year which should bring the company's consolidated full-year gold production into the 380,000 to 420,000 ounce guidance range. Gold production at New Afton and the Peak Mines is scheduled to be at the mid-point of their respective guidance ranges, while production at Mesquite and Cerro San Pedro is expected be at the low end of their ranges. At the same time, with the strong year-to-date performance of New Afton and the Peak Mines, consolidated copper production is positioned to meet or exceed the high end of the guidance range of 92 to 100 million pounds. Consolidated silver production is expected to achieve the guidance of 1.35 to 1.75 million ounces.

Based on the cost profile of the company's four operations through the first nine months of 2014, and New Gold's fourth quarter plans, the full-year guidance for all-in sustaining costs(1) remains at $815 to $835 per ounce.