Annual Guidance Tracking to Plan, Growth Projects Make Meaningful Strides Towards Completion
(All amounts are in U.S. dollars unless otherwise indicated)
TORONTO, April 30, 2024 /PRNewswire/ – New Gold Inc. (“New Gold” or the “Company”) (TSX: NGD) (NYSE American: NGD) reports first quarter 2024 results. First quarter 2024 production totaled 70,898 gold ounces and 13.3 million pounds of copper as planned at an operating expense of $1,106 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,396 per gold ounce sold (by-product basis). Another solid quarterly performance that delivered on plan, as the Company approaches a sustained free cash flow generation period, expected to commence in the second half of 2024.
Solid Operating Performance in the First Quarter Positions Rainy River and New Afton to Deliver on Planned Production Improvements Throughout the Year
“The first quarter of 2024 went as planned for New Gold as…
