Business
Blog Coverage New Gold Achieved 2016 Production Guidance; Provides Rainy River Update and 2017 Guidance
Upcoming AWS Coverage on Royal Gold Post-Earnings Results LONDON, UK / ACCESSWIRE ...
About this update from Red Lake Gold Inc
[{"type":"text","content":"Blog Coverage New Gold Achieved 2016 Production Guidance; Provides Rainy River Update and 2017 GuidanceUpcoming AWS Coverage on Royal Gold Post-Earnings Results\n\nLONDON, UK / ACCESSWIRE / January 31, 2017 / Active Wall St. blog coverage looks at the headline from New Gold, Inc. (NYSE: NGD) as the Company announced on January 30, 2017, its Q4 2016 and full-year 2016 operating results, an update on the Rainy River project and guidance for FY17. The Canadian miner stated that the first production from the Rainy River mine in Ontario is set to be delayed by three months and an additional $195 million will be invested to bring the project online. Register with us now for your free membership and blog access at: \nhttp://www.activewallst.com/register/ \nOne of New Gold's competitors within the Gold industry, Royal Gold, Inc. (NASDAQ: RGLD), announced on January 09, 2017, that it will release its Q2 results before the market opens for trading on Thursday, February 02, 2017, followed by a conference call that day at noon ET. AWS will be initiating a research report on Royal Gold in the coming days. \nToday, AWS is promoting its blog coverage on NGD; touching on RGLD. Get all of our free blog coverage and more by clicking on the links below:\nhttp://www.activewallst.com/registration-3/?symbol=NGD \nhttp://www.activewallst.com/registration-3/?symbol=RGLD \nPreliminary 2016 Consolidated Operational Results \nThe gold production for the three month period, ending December 31, 2016, is 95,882 ounces, lower than the 131,719 benchmark for the same period in FY15. In the same quarterly period, copper production declined from 28.8 million pounds to 25.6 million pounds. Production of silver has declined since last year from 0.5 million ounces to 0.3 million ounces for the three month period ending December 31, 2016. The revenue generation per ounce for gold and silver for FY16 was considerably higher than the previous year's results owing to a global surge in the commodity prices. Approximately $1,176 was generated in revenue per ounce of gold for Q4 2016 against the $1,067 mark for Q4 2015. Revenues from the sale of silver stood at $16.19 in the reported quarter against the $14.10 mark for the year earlier same period. Copper revenues also gained from $1.96 per pound for the three month period in FY15 to $2.22 per pound for Q3 2016. \nPeak Min...