All-in sustaining costs (AISC) for the quarter were $1,355 per oz. AuEq and $1,463 per oz. AuEq for the year, achieving the updated annual guidance range of $1,415 to $1,495.
The average realized gold price for the quarter was $1,798 per oz., while the average realized copper price was $4.37 per lb. For the year, average realized gold price was $1,798 per oz. and average realized copper price was $4.24 per lb.
These allowed New Gold to generate $106 million of cash from operations during Q4 2021, and $324 million for the year. Net earnings were $151 million for the quarter and $141 million for the year. Adjusted net earnings were $25 million for the quarter and $83 million for the year.
“The fourth quarter delivered our strongest production quarter of the year, allowing us to meet our updated guidance. It was also our lowest quarter from a cost perspective, leading to our highest free cash flow quarter of the year,” Renaud…
