New Gold: 2Q Earnings Snapshot
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.