PRECIOUS METALS

Tough quarter for New Gold as costs jump

New Gold has reported another challenging quarter with a net loss of US$37.9 million on sales of $115.7 million for the quarter to June 30, compared with a net loss of $15.8 million in the prior year quarter due to increased costs.

New Gold's Rainy River in Ontario, Canada

New Gold's Rainy River in Ontario, Canada

Production fell 33% to 52,431 ounces of gold, 7.4 million pounds of copper and 117,318 ounces of silver, or 70,514oz gold equivalent compared with 105,705oz in the prior year period, which saw its all-in...

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