New World Gold Corporation Continues to Show Profits BOCA RATON, FL--(Marketwired - Jan 15, 2014) - New World Gold Corporation (PINKSHEETS: NWGC), a gold mining company with existing operations in Ecuador and Peru, today released its financial results for the year ended December 31, 2013. The Company had record financial results despite the fact that the average price of an ounce of gold was over $250 per ounce lower in 2013 versus 2012 (based on the average price of gold according to the London Exchange daily price tables).
The increase in revenue and profits is a result of increased production in the mines and mills, reduction in operating costs and increased efficiency in its milling operation. Revenue for the year ended December 31, 2013 was $8,241,330 versus $8,180,127 in 2012. Net Profit for 2013 was $2,200,758 versus $1,838,664 in 2012, an increase of 19.7%.
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