These guys are trading @ the $2.00 level and look @ their #'s.
UPDATE 1-New Gold reports higher Q1 gold sales
Tue Apr 21, 2009 8:33am EDT
* Q1 gold sales at 55,397 ounces
* Q1 cash cost $513 per ounce
* 2009 production forecast remains unchanged
April 21 (Reuters) - Canada's New Gold Inc (NGD.TO) said first-quarter gold sales improved on better-than-expected production at some of its mines.
The company reported gold sales of 55,397 ounces at a cash cost of $513 per ounce, net of by-product sales.
Gold production was 54,938 ounces, copper production was 3.81 million pounds and silver production was 427,439 ounces, the company said.
Ounces sold were higher and cash cost was lower than the forecast underlying annual guidance of 190,000 to 210,000 ounces at $465 to $485 per ounce.
The company said previously announced 2009 production and cash cost guidance remains unchanged.
Shares of the company closed at C$1.98 Monday on the Toronto TSock Exchange. (Reporting by Kunal Raina in Bangalore)
