New Gold: 4Q Earnings Snapshot

TORONTO (AP) _ New Gold Inc. (NGD) on Thursday reported a fourth-quarter loss of $21 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The gold mining company posted revenue of $198.9 million in the period.

For the year, the company reported that its loss widened to $79 million, or 12 cents per share. Revenue was reported as $643.4 million.

In the final minutes of trading on Thursday, the company's shares hit $1.54. A year ago, they were trading at 80 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGD at https://www.zacks.com/ap/NGD

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