New Gold Inc. Provides Production Results for the Fourth Quarter and Full Year Ended December 31, 2017: Provides Production Guidance for the Full Year of Fiscal 2018
For the year, the company produced 430,864 ounces of Gold against 381,663 ounces for the same period a year ago. Copper production was 104.3 million pounds against 102.3 million pounds for the same period a year ago. Silver production was 1.2 million ounces against 1.3 million ounces for the same period a year ago.
The company provided production guidance for the full year of fiscal 2018. For the year, the company's gold production of 525,000 to 595,000 ounces, an increase of 30% relative to 2017 gold production. Expects copper production of 75 to 85 million pounds, with the decrease relative to 2017 primarily due to the sale of Peak Mines.