NGD - New Gold's Q4: Production Grew Along With Costs

• New Gold produced 83,096 toz gold and 18.5 million lb copper, or 120,567 toz of gold equivalent in Q4.
• The AISC increased to $1,491/toz of gold equivalent.
• The revenues and operating cash flow increased, but the earnings returned back to red numbers.
• New Gold expects to produce 440,000-490,000 toz of gold equivalent at an AISC of $1,230-1,330/toz in 2021.
• The technical picture doesn't look good, further near-term share price weakness is probable.

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