New Gold — Q3 2017 Earnings Presentation
11 slides from New Gold's earnings presentation, Oct 26, 2017
Slide 1: Management's Discussion and Analysis
Management’s Discussion and Analysis For the three and nine months ended September 30, 2017
Slide 2: Production costs compared to the gold mining industry
New Gold’s production costs remained very competitive compared to the broader gold mining industry as New Gold had operating expenses (2) of $601 per gold ounce sold, all-in sustaining costs from continuing operations (2) of $610 per gold ounce sold and all-in sustaining costs (2) of $792 per gold o
Slide 3: Footnotes on discontinued operations and non-GAAP measures
1 1. Amounts presented include production from Peak Mines, which has been classified as a discontinued operation in the third quarter of 2017. 2. The Company uses certain non-GAAP financial performance measures throughout this Management’s Discussion and Analysis (“MD&A”). For a detailed description
Slide 4: Operating and financial information, three and nine months ended September 30
2017 2016 2017 2016 67,653 57,565 207,659 196,918 82,027 95,546 276,418 285,780 67,052 56,038 200,672 198,956 79,904 96,452 266,443 284,303 1,250 1,283 1,245 1,217 1,286 1,325 1,280 1,258 601 586 603 566 610 718 614 710 792 682 706 718 142.5 115.2 410.9 382.1 29.2 0.8 77.9 14.9 27.0 4.1 87.6 15.5 5.
Slide 5: Blackwater, Rainy River, New Afton, Cerro San Pedro, Mesquite, Peak Mines
Blackwater Rainy River New Afton Cerro San Pedro (residual leaching] Mesquite + DEVELOPMENT. + OPERATING | hp eae Peak Mines (classified as a discontinued operation)
Slide 6: Gold prices
14 Gold prices The price of gold is the single largest factor affecting New Gold’s profitability and operating cash flows. As such, the current and future financial performance of the Company is expected to be closely related to the prevailing price of gold. In the third quarter of 2016, the Company
Slide 7: 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, 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.
Slide 8: Q3 2017 net earnings chart
ao us) 3 4a 40 27 @ 7 27 u} 20 @ 2 (20) SONINYY3 L3N £102 €D XL 40 13N ‘SNOMWH340 O3NNUNODSIO Wows SONINGYS 39N34X3 XVL WOON 3N0ONI 3DNVNIJ JO 13N’$1S09 JDNYNIS ‘538501 ONY SNIVO ¥3HLO ANawaovaAa0 ssanisng ONY NOUWsONKS ‘S3SN34X2 LNAWNAVd 035¥8 34VHS ONY NOUMHSININGY 31vHOAHOD NOU 30 GNy NOUWO3usa S
Slide 9: Q3 2017 net earnings chart
mo (20) ONIN 13N L102 €0 XV 40 13N ‘SNOLLVWBO ‘aaNNUNODSIa WOUs SONNY 35N34X3 XVL NOON BON SONYNIS 40 13N’S1SO9 39NYNIS 535501 GNV SNIVO ¥3H10 anawao13030 ssanisn@ aNy NOUYHOTAXa 3SN34X3 NAY 035v@ 3UVHS ONY NOUWUISININGY 31v¥OduOD Nou1430 any NOUViD3H430 SS3SN3dX3 SNULWEBO sannana SONINYWS 13N GLA 9
Slide 10: Q3 2017 net earnings chart
a . Sowinuya 13N aausnray £102 €b xv 40 {LN ‘SNOUWE340 G3ANLNODSIA wows SONINUYa Galsnray (3) (3) 38N34XG X¥L NOON GaISNTOY ANawaoTaA30 ssaNIsng ONY NOLWOTXS io sasnagxa LNaINAVd 03SV@ 38VHS ONY NOWWUISININGY 31¥¥OdHOD ( NOW31420 ONY NoMWID34d30 7) (17) SS3SNadx3 ONUWEBO Sanna 27 SONINuVa 13N GuSnra
Slide 11: Q3 2017 net earnings chart
a (23) 29 40 26 0 (4) a 18 20 LJ q 1 | 20) soninava ABN oaisnray aLA ct02 £0 xv 40 BN ‘SNOLLV¥3d0 O3NNILNODSIO Wows SONINYYS Ga:SnraW 38N34X9 XV 3OONI G3ISNFOY Nowvora1GoW 41030 NO Niv9 NW 3WNOONI 39NVNIJ 40 13N S500 3DNYNIS ANawaoTaA30 SS3NISN ONY NOMWUOISKS ‘S39N34K3 LNBWAVa G39¥8 3UVHS ONY NoMWUI