We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
New Gold Inc | AMEX:NGD | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -2.12% | 1.85 | 1.92 | 1.82 | 1.84 | 8,837,608 | 23:46:56 |
New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports second quarter and six-month results for the Company as of June 30, 2019 and reaffirms that the Company remains on-track to achieve annual guidance. (All amounts are in U.S. dollars unless otherwise indicated). A conference call and webcast will follow to discuss these results at 8:30 a.m. Eastern time (details are provided at the end of this press release).
(For detailed information, please refer to the Company’s Second Quarter Management’s Discussion and Analysis (MD&A) and Financial Statements that are available on the Company’s website at www.newgold.com and on SEDAR at www.sedar.com. The Company uses certain non-GAAP financial performance measures throughout this press release. Please refer to the “Non-GAAP Financial Performance Measures” section of this press release and the MD&A.)
Second Quarter and Six-Month Highlights
“We are excited with the significant progress to date at Rainy River as we reach the mid-point of this pivotal and transformational year for the operation, as well as another quarter of solid performance from New Afton. The Rainy River and New Afton teams have made significant progress and we look forward to building on that success over the coming quarters.” stated Renaud Adams, CEO. “During the second half of the year, capital requirements are expected to increase as we plan to substantially complete all remaining construction projects at Rainy River in order to reposition the asset for efficient and sustainable mining, as well as advance C-zone development at New Afton, all of which is underpinned by our current liquidity position of $395 million.”
Financial Highlights (Continuing Operations1)
Second Quarter 2019
Second Quarter 2018
Six-months 2019
Six-months 2018
Revenues from mining operations
155.1
152.5
323.0
300.0
Net earnings (loss), per share
(0.06)
(0.54)
(0.08)
(0.59)
Adj. net earnings (loss)2 per share
(0.01)
(0.02)
(0.02)
(0.05)
Operating cash flow, per share
0.09
0.09
0.21
0.16
Adj. operating cash flow2, per share
0.10
0.12
0.23
0.21
1. Continuing operations include the Rainy River, New Afton and Cerro San Pedro Mines. 2. Refer to the “Non-GAAP Performance Measures” section of this press release.
newgold.com 1. “Operating expense per gold eq. ounce”, “total cash costs per gold eq. ounce” and “AISC per gold eq. ounce” are calculated using gold eq. ounces sold. 2. Refer to the “Non-GAAP Performance Measures section of this press release.
Operational Highlights
Continuing Operations1
Q2 2019
Q2 2018
H1 2019
H1 2018
2019 Guidance
Gold eq. production (ounces) 2,3
132,556
127,603
255,820
246,679
465,000 – 520,000
Gold production (ounces)
85,216
76,751
164,614
140,522
300,000 – 335,000
Copper production (Mlbs)
21.6
20.4
41.1
42.6
75 – 85
Average realized gold price, per ounce4
1,304
1,300
1,302
1,314
-
Average realized copper price, per pound4
2.74
3.18
2.77
3.16
-
Operating expense, per gold eq. ounce3
684
642
664
698
-
Total cash costs, per gold eq. ounce3,4
740
699
717
761
740 – 820
AISC, per gold eq. ounce3,4
1,087
1,060
1,085
1,210
1,330 – 1,430
Sustaining capital and sustaining leases ($M)4
36.9
36.2
81.6
91.7
255 – 285
Growth capital ($M)4
6.6
13.7
14.4
26.4
50 – 55
1. Continuing operations include the Rainy River, New Afton and Cerro San Pedro Mines. 2. All production figures exclude production from Cerro San Pedro residual leaching. 3. Gold eq. ounces produced includes silver ounces and copper pounds converted to a gold eq. based on a ratio of the average spot market prices for the commodities for each period. The ratio for Q2 2019 was calculated based on average spot market prices of $1,310 per gold ounce, $14.89 per silver ounce and $2.77 per copper pound. The ratio for Q2 2018 was calculated based on average spot market prices of $1,306 per gold ounce, $16.53 per silver ounce and $3.12 per copper pound. 4. Refer to the “Non-GAAP Performance Measures” section of this press release.
Rainy River Highlights
Rainy River Mine
Q2 2019
Q2 2018
H1 2019
H1 2018
2019 Guidance
Gold eq. production (ounces)1
66,765
55,984
129,043
96,000
250,000 – 275,000
Gold eq. sold (ounces)1
68,812
52,540
140,295
94,161
-
Gold produced (ounces)
66,013
55,219
127,570
94,544
245,000 – 270,000
Gold sold (ounces)
68,042
51,832
138,737
92,712
-
Average realized gold price, per ounce2
1,301
1,301
1,298
1,313
-
Operating expense, per gold eq. ounce
906
802
853
993
-
Total cash costs, per gold eq. ounce2
907
802
853
993
870 – 950
AISC, per gold eq. ounce2
1,314
1,295
1,322
1,787
1,690 – 1,790
Sustaining capital and sustaining leases($M)2
27.0
24.4
63.6
73.3
210 – 230
Growth capital ($M)2
2.8
11.1
6.6
21.3
~3.0
1. Gold eq. ounces for Rainy River includes silver ounces produced or sold converted to a gold eq. based on a ratio of the average spot market prices for the commodities for each period. The ratio for Q2 2019 was calculated based on average spot market prices of $1,310 per gold ounce and $14.89 per silver ounce and includes 66,157 ounces of silver. The ratio for Q2 2018 was calculated based on average spot market prices of $1,306 per gold ounce, $16.53 per silver ounce and includes 60,451 ounces of silver. 2. Refer to the “Non-GAAP Performance Measures” section of this press release.
Rainy River Mine
Q1 18
Q2 18
Q3 18
Q4 18
Q1 2019
Q2 2019
Tonnes mined per day (ore and waste)
112,432
107,416
102,290
111,507
111,679
114,544
Ore tonnes mined per day
36,296
36,043
30,439
32,054
15,739
21,368
Operating waste tonnes per day
54,321
43,570
23,333
67,406
62,955
82,488
Capitalized waste tonnes per day
21,816
27,802
48,518
12,047
32,986
10,688
Total waste tonnes per day
76,137
71,372
71,851
79,453
95,941
93,176
Strip ratio (waste:ore)
2.1
1.98
2.36
2.48
6.10
4.36
Tonnes milled per calendar day
17,534
16,549
16,962
20,668
19,725
21,117
Gold grade milled (g/t)
1.08
1.24
1.21
1.42
1.19
1.15
Gold recovery
81%
87%
87%
89%
90%
93%
Mill availability
77%
74%
76%
80%
89%
88%
Gold production (oz)
39,325
55,219
55,538
77,202
61,557
66,013
Gold eq. production1 (oz)
40,016
55,984
56,275
78,074
62,278
66,765
1. Gold eq. ounces for Rainy River include silver ounces produced converted to a gold eq. based on a ratio of the average spot market prices for the commodities for each period. The ratio for Q2 2019 was calculated based on average spot market prices of $1,310 per gold ounce and $14.89 per silver ounce and includes 66,157 ounces of silver.
New Afton Highlights
New Afton Mine
Q2 2019
Q2 2018
H1 2019
H1 2018
2019 Guidance
Gold eq. produced (ounces) 1
65,791
68,340
126,777
142,057
215,000 – 245,000
Gold eq. sold (ounces) 1
55,717
65,669
118,933
135,583
-
Gold produced (ounces)
19,203
18,637
37,044
38,635
55,000 – 65,000
Gold sold (ounces)
16,142
17,945
34,759
36,430
-
Copper produced (Mlbs)
21.6
20.4
41.1
42.6
75 - 85
Copper sold (Mlbs)
18.3
19.6
38.6
40.9
-
Average realized gold price, per ounce2
1,314
1,299
1,321
1,318
-
Average realized copper price, per pound2
2.74
3.18
2.77
3.16
-
Operating expense, per gold eq. ounce
409
420
441
412
-
Operating expense, per gold ounce
413
412
447
410
480 - 520
Operating expense, per copper pound
0.86
1.01
0.94
0.98
0.95 – 1.15
Total cash costs, per gold ounce (net of by-product credits)2
(1,338)
(1,604)
(1,228)
(1,654)
(1,350) – (1,310)
Total cash costs, per gold eq. ounce2
534
530
557
527
600 - 640
AISC, per gold ounce (net of by-product credits)2
(726)
(917)
(697)
(1,118)
(500) – (420)
AISC, per gold eq. ounce2
711
718
712
670
810 - 890
Sustaining capital and sustaining leases ($M)2
9.7
11.8
17.7
18.4
45 - 55
Growth capital ($M)2
2.8
0.5
5.4
1.1
40 - 45
1. Gold eq. ounces for New Afton includes silver ounces and copper pounds produced or sold converted to a gold eq. based on a ratio of the average spot market prices for the commodities for each period. The ratio for Q2 2019 was calculated based on average spot market prices of $1,310 per gold ounce, $14.89 per silver ounce and $2.77 per copper pound and includes 85,148 ounces of silver. The ratio for Q2 2018 was calculated based on average spot market prices of $1,306 per gold ounce, $16.53 per silver ounce and $3.12 per copper pound and includes 79,171 ounces of silver. 2. Refer to the “Non-GAAP Performance Measures section of this press release.
New Afton Mine
Q1 18
Q2 18
Q3 18
Q4 18
Q1 19
Q2 19
Tonnes mined per day (ore and waste)
16,751
13,654
17,105
17,099
15,824
16,357
Tonnes milled per calendar day
14,333
14,804
14,518
15,012
14,759
14,992
Gold grade milled (g/t)
0.57
0.50
0.55
0.51
0.50
0.53
Gold recovery
84.1%
85.5%
84.7%
83.5%
83.2%
83.3%
Gold production (oz)
19,998
18,637
19,916
18,778
17,841
19,203
Copper grade milled
0.94%
0.82%
0.89%
0.82%
0.80%
0.86%
Copper recovery
83.2%
83.8%
83.0%
83.0%
83.2%
83.1%
Copper production (Mlbs)
22.2
20.4
21.7
20.8
19.5
21.6
Gold equivalent production1 (oz)
73,717
68,340
70,416
67,191
60,986
65,791
1. Gold eq. ounces for New Afton includes silver ounces and copper pounds produced converted to a gold eq. based on a ratio of the average spot market prices for the commodities for each period. The ratio for Q2 2019 was calculated based on average spot market prices of $1,310 per gold ounce, $14.89 per silver ounce and $2.77 per copper pound and includes 85,148 ounces of silver.
Blackwater Project Highlights
Upcoming News and Events
Conference Call and Webcast Information
The Company will host a webcast and conference call on Thursday, August 1, 2019 at 8:30 am (EDT) to discuss the Company’s first quarter financial and operating results.
Via Webcast: Available on the Company’s website at www.newgold.com or from the following link: https://event.on24.com/wcc/r/2039737/4E6FF041274DE92A24B76EBDE19A69FC
Via Telephone: Please dial 1-647-427-2311 or toll free 1-866-521-4909
Replay Archive: Please dial 1-416-621-4642 or toll free 1-800-585-8367, access code 4957917
The recorded playback of the conference call will be available until September 2, 2019. An archived webcast will be available until September 2, 2019.
About New Gold Inc.
New Gold is a Canadian-focused intermediate gold mining company. The Company has a portfolio of two core producing assets, the Rainy River and New Afton Mines in Canada. The Company also operates the Cerro San Pedro Mine in Mexico (which transitioned to residual leaching in 2016). In addition, New Gold owns 100% of the Blackwater project located in Canada. New Gold’s objective is to be a leading intermediate gold producer, focused on the environment and social responsibility. For further information on the Company, please visit www.newgold.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including any information relating to New Gold's future financial or operating performance are "forward looking". All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that New Gold expects to occur are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "targeted", "estimates", "forecasts", "intends", "anticipates", "projects", "potential", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation of such terms. Forward-looking statements in this news release include, among others, statements with respect to: guidance for production, operating expenses per gold ounce sold, total cash costs and all-in sustaining costs as well as expected capital expenditures; planned construction, development and exploration activities for 2019 and beyond at the Company’s operations; and the expected timing of a revised life-of-mine plan for New Afton and Rainy River.
All forward-looking statements in this news release are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this news release, New Gold's latest annual management's discussion and analysis ("MD&A"), Annual Information Form and Technical Reports filed at www.sedar.com and on EDGAR at www.sec.gov. In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking statements in this news release are also subject to the following assumptions: (1) there being no significant disruptions affecting New Gold's operations; (2) political and legal developments in jurisdictions where New Gold operates, or may in the future operate, being consistent with New Gold's current expectations; (3) the accuracy of New Gold's current mineral reserve and mineral resource estimates; (4) the exchange rate between the Canadian dollar and U.S. dollar, and to a lesser extent, the Mexican Peso, being approximately consistent with current levels; (5) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with current levels; (6) equipment, labour and materials costs increasing on a basis consistent with New Gold's current expectations; (7) arrangements with First Nations and other Aboriginal groups in respect of the Rainy River, New Afton and Blackwater being consistent with New Gold's current expectations; and (8) all required permits, licenses and authorizations being obtained from the relevant governments and other relevant stakeholders within the expected timelines and the absence of material negative comments during the applicable regulatory processes; (9) and metals and other commodity prices and exchange rates being consistent with those estimated for the purposes of 2019 guidance.
Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements and the availability and management of capital resources; additional funding requirements; price volatility in the spot and forward markets for metals and other commodities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States and, to a lesser extent, Mexico; discrepancies between actual and estimated production, between actual and estimated mineral reserves and mineral resources and between actual and estimated metallurgical recoveries; risks related to early production at the Rainy River Mine, including failure of equipment, machinery, the process circuit or other processes to perform as designed or intended; fluctuation in treatment and refining charges; changes in national and local government legislation in Canada, the United States and, to a lesser extent, Mexico or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates, the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges New Gold is or may become a party to; diminishing quantities or grades of mineral reserves and mineral resources; competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses and risks associated with a mine with relatively limited history of commercial production, such as Rainy River, (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risk Factors" included in New Gold's Annual Information Form, MD&A and other disclosure documents filed on and available at www.sedar.com and on EDGAR at www.sec.gov. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
Technical Information All scientific and technical information in this news release has been reviewed and approved by Mr. Eric Vinet, Vice President, Technical Services for the Company. Mr. Vinet is a Professional Engineer and member of the Ordre des ingénieurs du Québec. Mr. Vinet is a "Qualified Person" for the purposes of NI 43-101.
Non-GAAP Financial Performance Measures All-in sustaining costs (AISC) per gold equivalent ounce, total cash costs per gold ounce and per gold equivalent ounce, sustaining capital, sustaining lease and growth capital, adjusted net earnings/(loss), operating cash flows generated from operations, before changes in non-cash operating working capital and average realized price are non-GAAP financial measures that do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. In addition, certain non-GAAP measures are utilized, along with other measures, in the Company scorecard to set incentive compensation goals and assess performance of its executives.
All-In Sustaining Costs per Gold Equivalent Ounce "All-in sustaining costs per gold equivalent ounce” is a non-GAAP financial measure. Consistent with guidance announced in 2013 by the World Gold Council, an association of various gold mining companies from around the world New Gold defines "all-in sustaining costs" per ounce as the sum of total cash costs, capital expenditures that are sustaining in nature, corporate general and administrative costs, capitalized and expensed exploration that is sustaining in nature, lease payments that are sustaining in nature, and environmental reclamation costs, all divided by the ounces of gold equivalent sold to arrive at a per ounce figure.
In addition to gold the Company produces copper and silver. Gold equivalent ounces of copper and silver produced or sold in a quarter are computed by calculating the ratio of the average spot market copper and silver prices to the average spot market gold price in a quarter and multiplying this ratio by the pounds of copper and silver ounces produced or sold during that quarter. Gold equivalent ounces produced or sold in a period longer than one quarter are calculated by adding the number of gold equivalent ounces in each quarter of that period. Notwithstanding the impact of copper and silver sales, as a Company focused on gold production, New Gold aims to assess the economic results of its operations in relation to gold, which is the primary driver of New Gold’s business.
New Gold believes this non-GAAP financial measure provides further transparency into costs associated with producing gold and assists analysts, investors and other stakeholders of the Company in assessing the Company's operating performance, its ability to generate free cash flow from current operations and its overall value. This data is furnished to provide additional information and is a non-GAAP financial measure. All-in sustaining costs presented do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS.
Sustaining Capital "Sustaining capital" is a non-GAAP financial measure as well as “sustaining lease” and “growth capital”. New Gold defines sustaining capital as net capital expenditures that are intended to maintain operation of its gold producing assets. A sustaining lease is similarly a capital lease payments that are sustaining in nature. New Gold terms non-sustaining capital costs to be “growth capital”, which are capital expenditures to develop new operations or capital expenditures related to major projects at existing operations where these projects will materially increase production. To determine sustaining capital expenditures, New Gold uses cash flow related to mining interests from its statement of cash flows and deducts any expenditures that are non-sustaining or growth capital. Management uses sustaining capital and other sustaining costs, to understand the aggregate net result of the drivers of all-in sustaining costs other than total cash costs. Sustaining capital, sustaining lease and growth capital are intended to provide additional information only, do not have any standardized meaning under IFRS, and may not be comparable to similar measures presented by other mining companies. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Total Cash Costs "Total cash costs per ounce” and total cash costs per gold equivalent ounce are non-GAAP financial measures which are calculated in accordance with a standard developed by The Gold Institute, a worldwide association of suppliers of gold and gold products that ceased operations in 2002. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. New Gold reports total cash costs on a sales basis. The Company believes that certain investors use this information to evaluate the Company's performance and ability to generate liquidity through operating cash flow to fund future capital expenditures and working capital needs. This measure, along with sales, is considered to be a key indicator of the Company's ability to generate operating earnings and cash flow from its mining operations. Total cash costs include mine site operating costs such as mining, processing and administration costs, royalties, production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs per gold ounce are net of by-product sales and are divided by gold ounces sold to arrive at a per ounce figure. Total cash costs per gold equivalent ounce are divided by gold equivalent ounces sold to arrive at a per ounce figure.
Unless otherwise indicated, all total cash cost information in this news release is on a gold equivalent ounce basis. Gold equivalent ounces of copper and silver produced in a quarter are computed by calculating the ratio of the average spot market copper and silver prices to the average spot market gold price in a quarter and multiplying this ratio by the pounds of copper and silver ounces produced during that quarter. Gold equivalent ounces produced in a period longer than one quarter are calculated by adding the number of gold equivalent ounces in each quarter of that period. This data is furnished to provide additional information and is a non-GAAP financial measure. Total cash costs presented do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under GAAP.
Adjusted Net Earnings/(Loss) "Adjusted net earnings/(loss)" and "adjusted net earnings/(loss) per share" are non-GAAP financial measures. Net earnings/(loss) have been adjusted and tax affected for the group of costs in "Other gains and losses" on the condensed consolidated income statement. The adjusted entries are also impacted for tax to the extent that the underlying entries are impacted for tax in the unadjusted net earnings/(loss) from continuing operations. The Company uses this measure for its own internal purposes. Management's internal budgets and forecasts and public guidance do not reflect items which are included in other gains and losses. Consequently, the presentation of adjusted net earnings and adjusted net earnings per share enables investors and analysts to better understand the underlying operating performance of our core mining business through the eyes of management. Management periodically evaluates the components of adjusted net earnings and adjusted net earnings per share based on an internal assessment of performance measures that are useful for evaluating the operating performance of our business and a review of the non-GAAP measures used by mining industry analysts and other mining companies. Adjusted net (loss)/earnings and adjusted net (loss)/earnings per share are intended to provide additional information only and do not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The measures are not necessarily indicative of operating profit or cash flows from operations as determined under IFRS.
Operating Cash Flows Generated from Operations, before Changes in Non-Cash Operating Working Capital “Operating cash flows generated from operations, before changes in non-cash operating working capital” is a non-GAAP financial measure with no standard meaning under IFRS, which excludes changes in non-cash operating working capital. Management uses this measure to evaluate the Company’s ability to generate cash from its operations before temporary working capital changes.
Operating cash flows generated from operations, before non-cash changes in working capital is intended to provide additional information only and does not have any standardized meaning under IFRS; it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies.
Average Realized Price "Average realized price per ounce or pound sold" is a non-GAAP financial measure with no standard meaning under IFRS.
Management uses this measure to better understand the price realized in each reporting period for gold, silver, and copper sales. Average realized price is intended to provide additional information only and does not have any standardized definition under IFRS; it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other companies.
For additional information with respect to the non-GAAP measures used by the Company, including reconciliation to the nearest IFRS measures, refer to the detailed Non-GAAP performance measure disclosure in the Management’s Discussion and Analysis for the year ended December 31, 2018 filed at www.sedar.com and on EDGAR at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190801005141/en/
Anne Day Vice President, Investor Relations Direct: +1 (416) 324-6003 Email: anne.day@newgold.com
1 Year New Gold Chart |
1 Month New Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions