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NGD - New Gold Guides For Another Year Of High Costs But Life Of Mine Plans Look Good
New Gold Inc.
New Gold (NGD) has just released its fourth-quarter and full-year results and provided new life of mine plans for Rainy River and New Afton mines. This is key news for the company, so let’s get straight to the new information.
The company reported revenues of $139.2 million and adjusted net loss of $0.04 per share, missing analyst estimates on both earnings and revenue. This is not a big surprise since the company’s fourth-quarter production report (I wrote about it here) indicated that the quarter won’t look great. For the full year, New