04:26 PM EST - New Gold Inc. : a developer of base and precious metals properties, announced first quarter financial results, reporting a loss that widened from the year-ago quarter on higher expenses. The Vancouver, Canada-based company's first quarter loss widened to $9.2 million or $0.25 per share from $0.5 million or $0.02 per share in the same quarter of the previous year. The company said higher loss in the first quarter was pertaining to the costs incurred, which amounted to $9.4 million, due to interest and accretion charges. New Gold Inc.
shares T.NGD are trading off 17 cents at $8.67.
