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Monday, July 14, 2014 11:55:36 AM
July 14, 2014 07:00 ET
New World Gold Projects Profits for the End of the Second Quarter
BOCA RATON, FL--(Marketwired - Jul 14, 2014) - New World Gold Corporation (PINKSHEETS: NWGC), a gold mining and milling company with existing mining and milling operations in Ecuador and Peru projects that it will have increased profits for the second quarter ending June 30,2014 compared to the second quarter June 30,2013.
For the second quarter ended June 30, 2013, the Company reported revenues of $3,641,305. For the second quarter ended June 30, 2014, the Company is projecting revenues of $4,990,000, an increase of 37% for the second quarter of 2014. For the second quarter ending June 30, 2013, the Company reported net profits of $822,172. For the second quarter ending June 30, 2014, the Company is projecting net profits of at least $1,100,000, an increase of 33.8% over the net profits for June 30, 2013.
The Company projects that its financial results for the second half of 2014 will exceed the profits reported in 2013. The company will continue to increase its milling operation while further developing the mining operation.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC." For
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