New Gold: 1Q Earnings Snapshot
New Gold: 1Q Earnings Snapshot
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TORONTO (AP) _ New Gold Inc. (NGD) on Thursday reported a loss of $13.4 million in its first quarter.
The Toronto-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to less than 1 cent on a per-share basis.
The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The gold mining company posted revenue of $167.9 million in the period.
The company's shares closed at 86 cents. A year ago, they were trading at $2.52.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGD at https://www.zacks.com/ap/NGD
