New Gold’s Q2 Results Include 8 Percent Gold Production Increase

New Gold Inc. (TSX:NGD,NYSE:NGD) announced that its financial and operational results for Q2 2012 include gold production of 95,158 ounces, an 8 percent increase from the same period last year.

As quoted in the press release:

The company’s solid gold production, below average costs and the continued strength of gold prices, led New Gold to another quarter of solid financial results, including an average realized margin of over$1,000 per ounce. During the quarter, earnings from mine operations were $76 million, net earnings were $24 million, or $0.05per share, and adjusted net earnings were $46 million, or $0.10 per share. In key milestones, New Gold delivered on the targeted June production start at its New Afton mine and today announces that the mine has reached commercial production.

Click here to read the full New Gold Inc. (TSX:NGD,NYSE:NGD) press release.