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Shares of New Gold (NYSEMKT: NGD) had jumped roughly 10% by 2:30 p.m. EST on Friday. Driving the gold mining stock 's rally was its third-quarter results.
New Gold produced 105,628 gold equivalent ounces during the third quarter. While that was down year over year due to some challenges in the quarter, the company remained on track to achieve its updated full-year guidance range of 405,000 to 450,000 gold equivalent ounces.