New Gold reports Q1 adjusted EPS 2c, consensus 2c

Reports Q1 revenue $209.1M vs. $192.1M last year. First quarter consolidated production was 52,186 ounces of gold and 13.6M pounds of copper at all-in sustaining costs of $1,727 per gold ounce sold. “The first four months of the year have been exceptionally positive for New Gold (NGD) in achieving our strategic objectives,” stated Patrick Godin, president and CEO. “We increased our future free cash flow by consolidating our interest in New Afton to 100%. We successfully refinanced and extended our senior notes and extended our credit facility. During the quarter, we also delivered two new Technical Reports outlining strong production profiles with lower costs. Collectively, these milestones are expected to create meaningful value for our shareholders and provide increased financial flexibility and optionality for New Gold moving forward.”