http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2013/New-Gold-Announces-Third-Quarter-Results-with-Lowest-Costs-in-Companys-History---Updates-2013-Outlook/default.aspx
... "VANCOUVER, Oct. 29, 2013 /CNW/ - New Gold Inc. ("New Gold") (TSX:NGD) and (NYSE MKT:NGD) today announces financial and operational results for the third quarter of 2013. The company previously released its quarterly operational results on October 21, 2013.
Third Quarter 2013 Highlights
All-in sustaining costs(1) of $779 per ounce
Total cash costs(2) of $280 per ounce compared to $443 per ounce in the prior year period
Gold production of 94,038 ounces compared to 104,577 ounces in the third quarter of 2012
Copper production increased by 67% to 23.7 million pounds from 14.2 million pounds
Adjusted net earnings(4) of $20 million, or $0.04 per share
Adjusted net cash generated from operations(3) of $54 million
New Afton reached targeted throughput increase to over 12,000 tonnes per day three months ahead of schedule
Cash and cash equivalents of $429 million at September 30, 2013
Completed take-over of Rainy River Resources Ltd. ("Rainy River") on October 15, 2013
Increased gold reserves per share by 44%
El Morro's environmental permit reinstated on October 22, 2013
Updated 2013 outlook: 390,000 to 400,000 ounces of gold production at all-in sustaining costs(1) of approximately $900 per ounce
and total cash costs(2) of approximately $375 per ounce
"The strong performance of New Afton, our largest cash flow generator, and the successful acquisition of Rainy River during the quarter were very important milestones for our company," stated Randall Oliphant , Executive Chairman. "We are, however, disappointed that the operational challenges at Cerro San Pedro and Mesquite led us to update our outlook for the first time in the company's history. Importantly, our foundation of low costs, a solid balance sheet, and organic growth pipeline in favourable jurisdictions continues to be strong. As originally scheduled, the fourth quarter should be our highest production quarter of the year and we look forward to a strong finish to 2013."
During the third quarter, the company produced 94,038 ounces of gold at all-in sustaining costs(1) of $779 per ounce and total cash costs(2) of $280 per ounce, representing the lowest cost quarter in the company's history on both measures. For the three month period ended September 30, 2013, New Gold generated revenue of $196 million, earnings from mine operations of $51 million, net earnings of $12 million, or $0.02 per share, and net cash generated from continuing operations of $36 million. Adjusted net earnings(4) were $20 million, or $0.04 per share, and adjusted net cash generated from continuing operations(3) was $54 million." ...
Recent NGD News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/24/2024 07:55:16 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/17/2024 01:13:17 PM
- NEW GOLD COMPLETES US$173 MILLION BOUGHT DEAL FINANCING • PR Newswire (US) • 05/17/2024 12:59:00 PM
- NEW GOLD COMPLETES US$173 MILLION BOUGHT DEAL FINANCING • PR Newswire (Canada) • 05/17/2024 12:59:00 PM
- NEW GOLD ANNOUNCES RESULTS OF VOTE FOR ELECTION OF BOARD OF DIRECTORS • PR Newswire (Canada) • 05/15/2024 09:00:00 PM
- NEW GOLD ANNOUNCES RESULTS OF VOTE FOR ELECTION OF BOARD OF DIRECTORS • PR Newswire (US) • 05/15/2024 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 08:58:39 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 05/13/2024 08:54:21 PM
- Form SUPPL - Voluntary Supplemental Material by Foreign Issuers [Section 11(a)] • Edgar (US Regulatory) • 05/13/2024 08:47:05 PM
- Form F-X - Appointment of Agent for Service of Process and Undertaking • Edgar (US Regulatory) • 05/13/2024 08:34:55 PM
- New Gold Increases Exposure in New Afton Copper/Gold Mine to 80% and Launches US$150 Million Bought Deal Financing • GlobeNewswire Inc. • 05/13/2024 08:14:57 PM
- Form F-10 - Registration Statement for Securities of certain Canadian Issuers. • Edgar (US Regulatory) • 05/13/2024 08:07:22 PM
- Dually-Listed Junior Miner Finds Mid-Week Success • AllPennyStocks.com • 05/01/2024 08:53:00 PM
- NEW GOLD REPORTS FIRST QUARTER 2024 RESULTS • PR Newswire (Canada) • 04/30/2024 09:15:00 PM
- NEW GOLD REPORTS FIRST QUARTER 2024 RESULTS • PR Newswire (US) • 04/30/2024 09:15:00 PM
- NEW GOLD PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS AND CONFERENCE CALL • PR Newswire (US) • 04/03/2024 10:30:00 AM
- NEW GOLD PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS AND CONFERENCE CALL • PR Newswire (Canada) • 04/03/2024 10:30:00 AM
- NEW GOLD APPOINTS RICHARD O'BRIEN TO THE BOARD OF DIRECTORS • PR Newswire (US) • 03/25/2024 09:00:00 PM
- NEW GOLD APPOINTS RICHARD O'BRIEN TO THE BOARD OF DIRECTORS • PR Newswire (Canada) • 03/25/2024 09:00:00 PM
- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 02/21/2024 04:34:09 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:30:42 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:22:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/13/2024 10:17:07 PM
- NEW GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS • PR Newswire (Canada) • 02/13/2024 10:15:00 PM
- NEW GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS • PR Newswire (US) • 02/13/2024 10:15:00 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM