New Gold reports Q2 adjusted EPS 11c, consensus 10c

Reports Q2 revenue $308.4M, consensus $319.96M. Second quarter production was 78,595 ounces of gold and 13.5M pounds of copper, at an operating expense of $1,070 per gold ounce sold and all-in sustaining costs of $1,393 per gold ounce sold. “Across the Company, the second quarter successfully built on the momentum from the first quarter, positioning us to deliver on our annual guidance. The quarter was highlighted by a record production month at Rainy River, resulting in record quarterly free cash flow for both Rainy River and the Company,” stated Patrick Godin, president and CEO.