NWGC.0019 INCREDIBLE NEWS OUT.HUGE PROFITS AND REVENUES.
Nov 05, 2014
OTC Disclosure & News Service
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New World Gold Corporation (OTC Pink: NWGC), a gold mining and milling company with existing operations in Ecuador and Peru, is pleased to announce its third quarter financial results for the period ending September 30, 2014. The Company had revenues of $7,671,561 for the 9 month period ending September 30, 2014 versus $5,907,327 last year. This is an increase in revenue of $1,764,234 or 30%.
The Company had a net income of $2,438,000 for the 9 months ending September 30, 2014 versus $1,592,262 last year. This is an increase in profits of $845,738 or 53.1%. The third quarter net profit for September 30, 2014 of $845,738 is $237,242 greater than the profit for the entire previous year ending December 31, 2013.
The Balance Sheet shows total assets of the Company for the period ending September 30, 2014 is $13,849,922 versus $9,654,759 last year.
The average production capability of the Company's mills is currently 440 tons per day. The Company continues to expand its milling operations through processing its own ore and ore from independent miners without milling operations on a contract basis.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol “NWGC.”
For further information, please contact the Company at 561-210-8496 or www.newworldgoldcorp.com, or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
