New Gold posts net loss of $37.9M in a 'challenging' second quarter

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New Gold posts net loss of $37.9M in a 'challenging' second quarter
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New Gold posts net loss of $37.9M in a 'challenging' second quarter kitconews gold silver finance mining metals economics investing

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New Gold also noted that during the second quarter, New Afton focused on B3 and C-Zone development and closed the low grade-higher cost recovery level zone earlier than planned. The company's Q2 2022 operating expenses of $79.8M were lower than the prior-year period due to lower gold and copper sales volumes.

New Gold also expects its consolidated 2022 all-in sustaining costs to be between $1,875 and $1,975 per GEO .

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