New Gold — Q3 2018 Earnings Presentation
11 slides from New Gold's earnings presentation, Oct 30, 2018
Slide 1: Management's Discussion and Analysis
newgld Management's Discussion and Analysis For the three and nine months ended September 30, 2018
Slide 2: Gold, copper and silver production
cou COPPER SILVER PRODUCTION PRODUCTION PRODUCTION® 7 20 wo os
Slide 3: 1. Amounts presented are on a continuing basis and exclude production from the Mesquite
1 1. Amounts presented are on a continuing basis and exclude production from the Mesquite Mine, which has been classified as a discontinued operation in the third quarter of 2018 and Peak Mines, which was classified as a discontinued operation in the third quarter of 2017.
Slide 4: Gold, copper and silver prices
‘GOLD PRICES (WS. dotars per ounce) ‘COPPER PRICES (WS. dollars per pound) SILVER PRICES (WS. dotars per ounce) En eee ee cers renee pit Ce ete nrg eis pe es otenysrcegspat ncery serge pete etary srcnge pete
Slide 5: Economic Outlook
16 For an analysis of the impact of foreign exchange fluctuations on operating costs for the three and nine months ended September 30, 2018 relative to prior-year periods, refer to the “Review of Operating Mines” sections for Rainy River, New Afton and Cerro San Pedro. Economic Outlook The LBMA p.m.
Slide 6: Rainy River operating results
Three months ended September 30 Nine months ended September 30 (in millions of U.S. dollars, except where noted) 2017 2017 Operating information Ore mined (thousands of tonnes) - - Waste mined (thousands of tonnes) - - Ore processed (thousands of tonnes) - - Ratio of waste-to-ore - - Average grade:
Slide 7: New Afton operating results
Three months ended September 30 Nine months ended September 30 28 (in millions of U.S. dollars, except where noted) 2018 2017 2018 2017 Operating information Ore mined (thousands of tonnes) 1,574 1,553 4,266 4,596 Ore processed (thousands of tonnes) 1,336 1,540 3,973 4,510 Average grade: Gold (grams
Slide 8: Peak Mines operating results
Three months ended September 30 Nine months ended September 30 32 (in millions of U.S. dollars, except where noted) 2018 2017 2018 2017 Operating information Gold (ounces) Produced (1)(2) 2,079 7,951 9,422 27,160 Sold (1) 1,802 7,833 9,587 25,549 Silver (millions of ounces) Produced (1)(2) 0.1 0.1 0
Slide 9: Cerro San Pedro operating results
Three months ended September 30 Nine months ended September 30 35 (in millions of U.S. dollars, except where noted) 2018 2017 2018 2017 Operating information Ore mined and placed on leach pad (thousands of tonnes) 6,649 5,050 16,432 14,960 Waste mined (thousands of tonnes) 7,947 10,994 30,502 32,205
Slide 10: Environmental and permitting activities
37 Environmental and permitting activities The following environmental and permitting related activities occurred at Blackwater during the three months ended September 30, 2018: • The Provincial and Federal environmental assessment (“EA”) technical review stage continued, with the Company working th
Slide 11: Project update and costs
38 Project update and costs During the nine months ended September 30, 2018, work on the C-zone focused on tailings management and stabilization optimization, geotechnical modelling optimization and trade-off studies related to alternative development methods. Studies on the use of thickened and ame