Reports Q4 revenue $162.8M, consensus $161.39M. Total production for the fourth quarter was 97,824 gold equivalent ounces. "Although the year presented several challenges for New Gold, our teams remained resilient, accomplishing a number of key objectives, including meeting or beating all updated annual production and cost guidance ranges," stated Patrick Godin, president and CEO. "This was underpinned by a strong fourth quarter which included Rainy River’s strongest production quarter of the year, as we began to incorporate higher grade material from the Intrepid zone, as well as New Afton ramping up production from B3 to its targeted rate of 8,000 tonnes per day, ahead of schedule."
Published first on TheFly
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