New Gold: 3Q Earnings Snapshot
TORONTO (AP) _ New Gold Inc. (NGD) on Wednesday reported a loss of $24.7 million in its third quarter.
On a per-share basis, the Toronto-based company said it had a loss of 4 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The gold mining company posted revenue of $168.4 million in the period.
The company’s shares closed at $1.05. A year ago, they were trading at 84 cents.