New Gold Announces 2017 First Quarter Results with Record Low All-in Sustaining Costs and Lowers Full-Year Cost Guidance

Click to access New-Gold-2017-First-Quarter-Results.pdf

New Gold’s first quarter gold production of 89,327 ounces remained in line with 2016 as higher production from the company’s Mesquite and Peak Mines partially offset planned lower production from New Afton and Cerro San Pedro. Cerro San Pedro’s production decreased as the mine has now transitioned into residual leaching. Quarterly copper production decreased by 6% to 23.8 million pounds when compared to the first quarter of 2016. As expected, silver production of 0.3 million ounces was also below 2016 as Cerro San Pedro transitioned to residual leaching.

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