May 2, 2012 / 8:48 PM / in 6 years

UPDATE 1-New Gold profit rises on high gold prices

May 2 (Reuters) - Canadian miner New Gold Inc posted a 36 percent rise in quarterly profit, helped by higher gold prices.

First-quarter earnings were $33.5 million or 7 cents per share, compared with $24.7 million, or 6 cents a share, a year ago.

New Gold, which owns operating assets in the United States, Mexico and Australia and is developing assets in Canada and Chile, said revenue fell 2 percent to $168.8 million.

Gold production fell 8 percent to 99,274 ounces.

Shares of the company closed at C$8.95 on Wednesday on the Toronto Stock Exchange.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below