New Gold reports adjusted net earnings of $23M in Q3 as gold equivalent production up 22%

South Africa News News

New Gold reports adjusted net earnings of $23M in Q3 as gold equivalent production up 22%
South Africa Latest News,South Africa Headlines
  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- New Gold announced Wednesday that the company produced 111,204 gold equivalent ounces in Q3 2023, up 22% from the prior year period.

New Gold noted that due to the"strong operational performance" over the first nine months of the year, its consolidated 2023 production is tracking to the top end of guidance and all-in sustaining costs are tracking to the low end of the guidance range. The company’s net loss decreased from $4.2 million in Q3 2022 to $2.7 million in Q3 2023, primarily due to an increase in revenues resulting from higher gold prices and higher gold and copper sales, partially offset by higher operating costs and higher unrealized losses on the revaluation of the Rainy River gold stream obligation and the New Afton free cash flow interest obligation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KitcoNewsNOW /  🏆 13. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mac Neil wins fourth gold, women's eights wins gold at Pan Am GamesMac Neil wins fourth gold, women's eights wins gold at Pan Am GamesStar swimmer Maggie Mac Neil picked up her fourth gold medal at the Pan Am Games as Canada continued its medal haul in the pool Tuesday. In other results, Canada's women's eight rowing team won gold, while Dorien Llewellyn of Innisfail, Alta., also topped the podium in the men's overall water-ski competition.
Read more »

Bagged, precut onions linked to salmonella outbreak that has sickened 73 people in 22 statesBagged, precut onions linked to salmonella outbreak that has sickened 73 people in 22 statesAn outbreak of salmonella poisoning linked to bagged, precut onions has sickened at least 73 people in 22 states, including 15 who were hospitalized, U.S...
Read more »

Diamondbacks stun Phillies in Game 7 of NLCS to reach first World Series in 22 yearsDiamondbacks stun Phillies in Game 7 of NLCS to reach first World Series in 22 yearsCorbin Carroll went 3 for 4 with two RBIs and two runs scored, and the Arizona Diamondbacks advanced to the World Series for the first time in 22 years Tuesday night by stunning the Philadelphia Phillies 4-2 in Game 7 of the NL Championship Series.
Read more »

Diamondbacks stun Phillies in Game 7 to reach first World Series in 22 yearsDiamondbacks stun Phillies in Game 7 to reach first World Series in 22 yearsCorbin Carroll went 3 for 4 with two RBIs and two runs scored, and the Arizona Diamondbacks advanced to the World Series for the first time in 22 years Tuesday night by stunning the Philadelphia Phillies 4-2 in Game 7 of the NL Championship Series.
Read more »

Bagged, Precut Onions Linked To Salmonella Outbreak In 22 StatesBagged, Precut Onions Linked To Salmonella Outbreak In 22 StatesAt least 15 people so far have been hospitalized.
Read more »

Amherst man, 22, man facing charges after Springhill stabbing that sent victim to Halifax hospitalAmherst man, 22, man facing charges after Springhill stabbing that sent victim to Halifax hospitalExplore stories from Atlantic Canada.
Read more »



Render Time: 2025-08-29 09:06:50