New Gold reports Q3 adjusted EPS 3c, consensus 3c

Reports Q3 revenue $201.3M, consensus $195.88M. Production totaled 111,204 gold equivalent ounces at all-in sustaining costs2 of $1,477 per gold eq. ounce. “Q3 was an impressive one for New Gold,” stated CEO Patrick Godin. “We delivered a 22% increase in gold equivalent production over the prior-year period with a meaningful decrease in all-in sustaining costs, leading to positive free cash flow during the quarter for the Company while continuing to invest in our growth projects. We have performed well through 2023 with a continued focus on operational discipline and safety, and I am pleased that we are tracking to the top end of our production guidance, and the low end of our all-in sustaining cost guidance. We are entering a growth period and Q3 saw our company make big strides towards derisking and securing the future production at our operations…”