New Gold: Q1 Earnings Snapshot

May 2, 2022 GMT

TORONTO (AP) _ New Gold Inc. (NGD) on Monday reported a first-quarter loss of $7.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of 1 cent. Earnings, adjusted for non-recurring costs, came to 2 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.

The gold mining company posted revenue of $174.7 million in the period.


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