Thursday, February 06, 2014 3:37:27 PM
New Gold (T.NGD) tops off 2013 by upping gold reserves 127% per share
New Gold (TSX:NGD, StockForum), a Vancouver-based natural resource exploration and development firm engaged in the acquisition, exploration and development of natural resource properties, announced results today from its 2013 fourth quarter and 2103 fiscal year-end.
According to the news release, it was a strong fourth quarter with the highest production numbers in 2013 resulting in 106,520 gold ounces and 24.0 million pounds copper. Costs for the period totaled US$320 to US$340 per ounce with the all-in sustaining costs ranging between US$815 to US$835 per ounce.
New Gold managed to meet its 2013 full-year outlook with the lowest costs in the company's history, while year-end mineral reserves hit 18.5 million ounces gold, an increase of 127% per share.
The company plans to continue cost reductions in 2014 with gold production expected to remain between 380K to 420K ounces and copper production expected to increase 12% between 92.0 and 100.0 million pounds.
New Gold Executive Chairman, Randall Oliphant, commented, “We are pleased to have finished the year with a strong quarter which enabled us to deliver the lowest cash costs in our history.”
Oliphant continued, “We are particularly proud to have increased the company's reserves per share so significantly, and to have the highest reserves we have ever had, which positions New Gold well for the future.”
Then summed up, “In 2014, we anticipate another solid year with even lower costs driven by the strong performance of New Afton, our biggest cash flow generator.”
Read more at http://www.stockhouse.com/news/natural-resources/2014/02/06/new-gold-t-ngd-tops-off-2013-upping-gold-reserves-127-per-share#SBSak2pWxzosjiS2.99
Recent NGD News
- NEW GOLD INTERSECTS WIDE, HIGH-GRADE COPPER-GOLD PORPHYRY MINERALIZATION AT NEW AFTON'S K-ZONE • PR Newswire (US) • 05/29/2024 09:00:00 PM
- NEW GOLD INTERSECTS WIDE, HIGH-GRADE COPPER-GOLD PORPHYRY MINERALIZATION AT NEW AFTON'S K-ZONE • PR Newswire (Canada) • 05/29/2024 09:00:00 PM
- 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 (Canada) • 04/03/2024 10:30:00 AM
- 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 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
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM
One World Products, Inc. Issues Shareholder Update • OWPC • May 29, 2024 8:20 AM
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM