New Gold — Q1 2017 Earnings Presentation
9 slides from New Gold's earnings presentation, Apr 28, 2017
Slide 1: Management's Discussion and Analysis – Three months ended March 31, 2017
newg:: Management’s Discussion and Analysis For the three months ended March 31, 2017
Slide 2: Low cost production in Q1 2017
New Gold’s production costs remained very competitive compared to the broader gold mining space as New Gold had operating expenses (1) of $605 per gold ounce sold and record low all-in sustaining costs (1) of $597 per gold ounce sold in the first quarter of 2017. We believe New Gold continues to be
Slide 3: Operating Expenses and All-In Sustaining Costs
OPERATING EXPENSES AND ALL-IN SUSTAINING COSTS " ES 750-200 gj, Revised 2017 Guidance TT 630-570 207 Gus sustaining ( @25- 555 °°": tial 2017 Guidance TT 630-570 ee 5:7 Operating 217 TT 605 expenses 752 20 ET cos 3296 1%, a 189,327 OUNCES 33% = New Afton = Mesquite = Peak Mines 1 Cerro San Pedro
Slide 4: Operating and financial information summary
2017 2016 89,327 90,811 87,304 86,031 1,252 1,165 1,286 1,206 605 606 296 354 597 758 169.5 154.5 37.5 25.6 9.4 (1.5) 76.8 61.5 69.4 62.1 349.5 298.3 14.0 22.4 129.7 85.0 0.07 0.05 0.02 $nil 2 Three months ended March 31 Operating information Gold production (ounces) Gold sales (ounces) Gold revenue
Slide 5: Blackwater, Rainy River and operating mines map
Blackwater Rainy River New Afton. Cerro San Pedro Mesauite * DEVELOPMENT + OPERATING / Peak Mines
Slide 6: Gold, Copper and Silver Prices
GOLD PRICES (U.S. dollars per ounce) $1409, $1300 $1,200 $1,100, Maras Marie Mara? —ouarenty average realnes price —evartery average spot price COPPER PRICES SILVER PRICES (U.S. dollars per pound) (U.S. dollars per ounce) $3.00 os 520 $250 / \ 315 $200 0 Maras Maras Mara? taeas rar aie —warery avera
Slide 7: Economic Outlook
13 For an analysis of the impact of foreign exchange fluctuations on operating costs for the three months ended March 31, 2017 relative to prior-year periods, refer to the “Review of Operating Mines” sections for New Afton, Peak Mines and Cerro San Pedro. Economic Outlook The LBMA p.m. gold price in
Slide 8: Adjusted net earnings (loss) reconciliation
Adjusted net earnings (loss) Please see below for a reconciliation of adjusted net earnings for the three months ended March 31, 2017 from the prior-year period. RECONCILIATION OF ADJUSTED NET (LOSS) EARNINGS – Q1 2016 TO Q1 2017 ( in millions of U.S. dollars )
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