New Gold Inc. (NGD) Reports Production and Cash Costs
New Gold Inc. issued an operations update for the fourth quarter of 2010 and full year, including production and cost data for its mining operations. The company also provided guidance on both these items for 2011. New Gold Inc. reported that the company produced 124,445 ounces of gold from its mining operations in the fourth quarter of 2010. This represented an 11% increase from the same quarter of 2009, when the company produced 111,672 ounces of gold. The fourth quarter of 2010 production was a quarterly record for the company. Gold production for 2010 also showed a large percentage increase…