New Gold Reports 2019 Second Quarter Results and Reaffirms Annual Guidance
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New Gold (NGD) Misses Q2 EPS by 2c, Revenues Miss
August 1, 2019 7:30 AM EDTNew Gold (NYSE: NGD) reported Q2 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $155 million versus the consensus estimate of $227.3 million.
Second Quarter and Six-Month Highlights
Total production for the quarter (excluding production from the Cerro San Pedro Mine) of 132,556 gold equivalent (gold eq.) ounces (85,216 ounces of gold, 151,305 ounces of silver and 21.6 million pounds of copper). For the six-month period, production was 255,820 gold eq. ounces (164,614 ounces of gold, 287,818 ounces of silver and 41.1 million pounds of copper). Production is on track to meet annual guidance of 465,000 to... More