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New Gold reports first net profit for years

New Gold has reported its first net profit for years posting net income of US$15.7 million on revenue of $173.7 million for the September quarter, compared with a net loss of $24.7 million on revenue of $168.4 million in the prior year period despite lower production.

New Gold reports first net profit for years New Gold reports first net profit for years New Gold reports first net profit for years New Gold reports first net profit for years New Gold reports first net profit for years

New Gold's Rainy River mine in Ontario, Canada

The company produced 78,959 ounces of gold, 171,825oz silver and 18.2 million pounds of copper for 115,536oz gold-equivalent, 10.