New Gold (NGD) Tops Q3 EPS by 1c

October 27, 2016 5:42 PM EDT
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New Gold (NYSE: ) reported Q3 EPS of $0.03, $0.01 better than the analyst estimate of $0.02.

"Our operations continue to deliver very strong results," stated Randall Oliphant, Executive Chairman. "With the increase in the gold price and our quarterly all-in sustaining costs of $682 per ounce, New Gold was able to sell each ounce of gold for almost twice what it cost us to produce it. We are on track to meet our full-year gold production guidance and pleased to be in a position to generate such robust margins. In addition, our Rainy River project is now 60% complete and progressing well."

For earnings history and earnings-related data on New Gold (NGD) click here.



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