New Gold (NGD) Tops Q4 EPS by 3c, Revenues Miss

New Gold (NYSE: NGD) reported Q4 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $157.4 million versus the consensus estimate of $227.3 million.

"The fourth quarter was a turning point for the Company as operations at Rainy River continued to improve as part of our short-term operational strategy to establish this asset for efficient and sustainable mining. Combined with the solid performance from the New Afton Mine, the Company reported a fourth quarter that delivered very encouraging results and we will build on that momentum in 2019," stated Renaud Adams, President and CEO. "Our liquidity position will support the execution of our operational plan in 2019, which includes the completion of all remaining construction and mill upgrades at Rainy River that will position the asset for profitable operations beginning in 2020. We begin 2019 with a renewed vision for the future of the Company that is supported by a renewed focus on driving profitable mining at all our operations that will create sustainable value for shareholders."

For earnings history and earnings-related data on New Gold (NGD) click here.

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