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BRIEF-New Gold Reports 2019 Second Quarter Results And Reaffirms Annual Guidance

Published 2019-08-01, 06:38 a/m
© Reuters.  BRIEF-New Gold Reports 2019 Second Quarter Results And Reaffirms Annual Guidance
NGD
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Aug 1 (Reuters) - New Gold Inc NGD.TO :

* NEW GOLD REPORTS 2019 SECOND QUARTER RESULTS AND REAFFIRMS ANNUAL GUIDANCE

* Q2 ADJUSTED LOSS PER SHARE $0.01

* Q2 LOSS PER SHARE $0.06 FROM CONTINUING OPERATIONS

* Q2 REVENUE $155 MILLION VERSUS REFINITIV IBES ESTIMATE OF $165 MILLION

* Q2 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES DATA

* Q2 ADJUSTED LOSS PER SHARE $0.01 FROM CONTINUING OPERATIONS EXCLUDING ITEMS

* PRODUCTION IS ON TRACK TO MEET ANNUAL GUIDANCE OF 465,000 TO 520,000 GOLD EQ. OUNCES

* TOTAL PRODUCTION FOR QUARTER (EXCLUDING PRODUCTION FROM CERRO SAN PEDRO MINE) OF 132,556 GOLD EQ. OUNCES

* ALL-IN SUSTAINING COSTS (AISC) OF $1,087 PER GOLD EQ. OUNCE FOR QUARTER

* AISC FOR YEAR ARE EXPECTED TO BE IN-LINE WITH ANNUAL GUIDANCE OF $1,330 TO $1,430 PER GOLD EQ. OUNCE

* TOTAL CASH COSTS ARE ON TRACK TO MEET ANNUAL GUIDANCE OF $740 TO $820 PER GOLD EQ. OUNCE

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