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New Gold: 2Q Earnings Snapshot

August 1, 2019

TORONTO (AP) _ New Gold Inc. (NGD) on Thursday reported a loss of $35.7 million in its second quarter.

On a per-share basis, the Toronto-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The gold mining company posted revenue of $155.1 million in the period.

The company’s shares closed at $1.34. A year ago, they were trading at $1.25.


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

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