New Gold Inc.

10:38 AM EST - New Gold Inc. : Reports fourth-quarter and year-end results for the Company and provides updated Mineral Reserves and Resources as of December 31, 2018. (All amounts are in U.S. dollars unless otherwise indicated). The Company reported gold production of 97,428 ounces (84,421 ounces sold) for the quarter at an average realized gold price of $1,230 per ounce. Annual gold production was 315,483 ounces (298,002 ounces sold), at an average realized gold price of $1,263 per ounce. The Company produced 20.8 million pounds of copper (19.7 million pounds sold) for the quarter at an average realized copper price of $2.96 per pound and 85.1 million pounds (81.1 million pounds sold) for the year at an average realized copper price of $3.06 per pound. Revenues for the quarter were $157.4 million and $604.5 million for the year. Net loss from continuing operations was $727.7 million ($1.26 per share) for the quarter. Net loss from continuing operations for the year was $1,070.8 million ($1.85 per share). New Gold Inc. shares T.NGD are trading down $0.33 at $1.30.