New Gold (NYSE: NGD) reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $169.5 million versus the consensus estimate of $179.55 million.

2017 FIRST QUARTER HIGHLIGHTS

• Gold production of 89,327 ounces and copper production of 23.8 million pounds
• Operating expense of $605 per gold ounce and $1.21 per copper pound
• All-in sustaining costs(1) of $597 per ounce, including total cash costs(2) of $296 per ounce
• Lowest all-in sustaining costs since the introduction of the metric in 2012
• Lowering 2017 full-year all-in sustaining costs guidance to $760 to $800 per ounce from $825 to $865 per ounce
• Cash generated from operations of $77 million, a 25% increase compared to the first quarter of 2016
• Cash generated from operations before changes in non-cash operating working capital(3) of $69 million, a 12% increase compared to the first quarter of 2016
• Net earnings of $38 million, or $0.07 per share
• Adjusted net earnings(4) of $9 million, or $0.02 per share
• Rainy River project schedule and capital cost estimate remain in line with New Gold's updated plan announced on January 30, 2017
• Rainy River project capital expenditures totalled $126 million during the quarter
• Enhanced financial flexibility with sale of El Morro stream and equity financing
• March 31, 2017 cash and cash equivalents of $350 million

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