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NGD - New Gold: Q3 2019 Results Are Not That Bad But The Market Will Wait For New Mine Plans Due In Early 2020
New Gold Inc.
New Gold (NGD) has just reported its third-quarter results. The company’s shares have been quite volatile in recent months after the major run-up in the stock price that happened in June–July 2019, so the report provides a great chance to see how New Gold is doing on the financial front.
The company reported revenue of $168.4 million and a net loss of $24.7 million, or a loss of $0.04 per share. As previously reported, New Gold produced 128,999 gold equivalent ounces ((GEO)). The all-in sustaining costs ((AISC)) per GEO were $1318 per