New Gold Reports First Quarter Financial Results

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Go back to New Gold Reports First Quarter Financial Results

New Gold (NGD) Misses Q1 EPS by 4c, Revenues Miss; Withdraws FY20 Guidance

April 29, 2020 6:38 AM EDT

New Gold (NYSE: NGD) reported Q1 EPS of ($0.03), $0.04 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $142 million versus the consensus estimate of $227.3 million.

First Quarter Highlights

Total production for the first quarter was 103,435 gold equivalent (gold eq.) ounces (66,790 ounces of gold, 131,417 ounces of silver and 18.5 million pounds of copper).Revenues for the quarter were $142 million.Operating expense for the quarter was $864 per gold eq. ounce.Total cash... More