Why New Gold Stock Is Selling Off Today [The Motley Fool]
New Gold Inc. (NGD)
NASDAQ:AMEX Investor Relations:
newgold.com/investors
Company Research
Source: The Motley Fool
Why New Gold Stock Is Selling Off Today The gold mining company came up short. Shares of New Gold ( NYSEMKT:NGD ) slumped more than 10% by 3:30 p.m. EST on Wednesday. Weighing on the gold mining stock was its third-quarter report. For the third quarter New Gold reported an adjusted loss of $10 million, or $0.02 per share, which missed analysts' expectations that it would break even. While it sold its gold for 15% more than it did in the prior-year period, a 20% surge in its all-in sustaining costs ate up most of that benefit. That's due in large part to lower ore grades and an increase in waste tons mined at its Rainy River mine. The company's gold equivalent production also slipped about 0.1% year over year. While output at Rainy River rose 35%, a 25% decline in production at New Afton offset much of that gain. However, the company is still on track to achieve its full-year production guidance to deliver between 465,000 and 520,000 gold equivalent ounces. New Gold is working on seve
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News
- New Gold Inc. (AMEX:NGD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- New Gold First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- New Gold Inc. (NYSE: NGD) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- New Gold (NGD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Gold House Announces 2024 A100 Honoring the Most Impactful Asian Pacific Leaders [Yahoo! Finance]Yahoo! Finance
NGD
Earnings
- 4/30/24 - Beat
NGD
Sec Filings
- 5/1/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/4/24 - Form 6-K
- NGD's page on the SEC website