New Gold — Q2 2016 Earnings Presentation
8 slides from New Gold's earnings presentation, Jul 28, 2016
Slide 1: Management's Discussion and Analysis
Management’s Discussion and Analysis For the three and six months ended June 30, 2016
Slide 2: New Gold's production
New Gold’s production costs remained competitive compared to the broader gold mining space as New Gold had total cash costs (1) of $334 per gold ounce sold and all-in sustaining costs (1) of $721 per gold ounce sold in the second quarter of 2016. We believe New Gold continues to establish itself as
Slide 3: Total cash costs, AISC and Q2 2016 gold production by mine
TOTAL CASH COSTS 221 a 334 2215 TT 310 22201) I 251 ° 100 200» «300-400-500 ALL-IN SUSTAINING COSTS ‘*! 221 717 2 a $22 2 2014 7 300 500 700 900 1100 Q2 2016 GOLD PRODUCTION BY OPERATING MINE = New 18% Afton 25% = Mesquite 99,423 OUNCES = Peak Mines 31% 26% a Cerro San Pedro
Slide 4: Key financial and operating results table with non-GAAP notes
2016 2015 2016 2015 99,423 86,442 190,234 181,419 101,820 87,754 187,851 180,152 1,267 1,191 1,239 1,210 334 410 343 449 717 922 736 969 180.3 167.7 334.8 336.6 (8.8) 9.4 18.0 (34.4) 13.7 (1.3) 13.4 (6.4) 79.2 56.9 140.7 126.7 82.4 62.7 144.5 130.1 219.5 326.8 219.5 326.8 27.1 35.7 49.5 73.5 111.1 3
Slide 5: Blackwater, Rainy River, New Afton, Cerro San Pedro, Mesquite
Blackwater Rainy River New Afton Cerro San Pedro Mesquite El Morro gold stream * DEVELOPMENT + OPERATING * STREAM ASSET Peak Mines
Slide 6: Gold, copper and silver prices
GOLD PRICES COPPER PRICES SILVER PRICES (U.S. dollars per ounce) (U.S. dollars per pound) (U.S. dollars per ounce) s14so sas0 2 51.300 $800 s20 sa aa os Ww 1 te nas wns 2 ” unas eer —cusrerty average realized price =n cuorterty average spot price cwsrery average reales rice ‘ammnecpaennhy menrees an
Slide 7: Foreign exchange impact and economic outlook
15 For an analysis of the impact of foreign exchange fluctuations on operating costs for the three and six months ended June 30, 2016 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 p
Slide 8: Reconciliation of adjusted net (loss) earnings
RECONCILIATION OF ADJUSTED NET (LOSS) EARNINGS ~ Q2 2025 TO Q2 2016 RECONCILIATION OF ADJUSTED NET (LOSS) EARNINGS ~ YEAR TO DATE 2015 TO 2016