New Gold — Q3 2016 Earnings Presentation
11 slides from New Gold's earnings presentation, Oct 28, 2016
Slide 1: Management's Discussion and Analysis
newg«:ld Management's Discussion and Analysis For the three and nine months ended September 30, 2016
Slide 2: Production costs remained very competitive
New Gold’s production costs remained very competitive compared to the broader gold mining space as New Gold had total cash costs (1) of $350 per gold ounce sold and all-in sustaining costs (1) of $682 per gold ounce sold in the third quarter of 2016. We believe New Gold continues to establish itself
Slide 3: Total cash costs, AISC and Q3 2016 gold production
TOTAL CASH COSTS " 32016 a 35. 3 2015 2 32 TT 2 ° 100 200 «300 400«S 500 ALL-IN SUSTAINING COSTS ‘ 3 2116 TT 652 32 72: 3) 00 soo 700 900 Q3 2016 GOLD PRODUCTION BY OPERATING MINE = New 15% Afton 25% = Mesquite 95,546 OUNCES = Peak Mines 40% _ = Cerro San Pedro
Slide 4: Summary of quarterly results and non-GAAP notes
2016 2015 2016 2015 95,546 122,580 285,780 303,999 96,452 115,695 284,303 295,847 1,328 1,117 1,269 1,174 350 495 346 464 682 788 718 895 178.7 177.3 513.5 513.9 5.1 (157.8) 22.8 (191.9) 13.4 (8.5) 26.7 (13.9) 89.6 51.0 230.5 177.7 88.6 58.4 233.3 188.5 151.2 384.6 151.2 384.6 22.4 24.5 71.9 97.9 13
Slide 5: Asset locations: operating, development and stream assets
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 (US. dollars per ounce) (US. dollars per pound) (US. dollars per ounce) 1400, ——_____ oe $40, ———_____ . . : WS i200 oso ss s1.i90 $200 so sepa spas sepis sepa spas sepas sep sepas sep —owarenty average resizes price ‘anise ance coat ele, —ewartery average re
Slide 7: Economic outlook and foreign exchange impact
14 For an analysis of the impact of foreign exchange fluctuations on operating costs for the three and nine months ended September 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.
Slide 8: Reconciliation of net (loss) earnings – year to date 2015 to 2016
RECONCILIATION OF NET (LOSS) EARNINGS – YEAR TO DATE 2015 TO 2016 ( in millions of U.S. dollars )
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Slide 10: Reconciliation of adjusted net (loss) earnings – year to date 2015 to 2016
RECONCILIATION OF ADJUSTED NET (LOSS) EARNINGS – YEAR TO DATE 2015 TO 2016 ( in millions of U.S. dollars )
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