New Gold announces record gold production in 2011, 25% increase in gold resources per share and 2012 guidance with production growth at lower costs
New Gold Inc. (TSX and NYSE AMEX:NGD) today announces fourth quarter 2011 gold production of 100,671 ounces which resulted in record annual production of 387,155 ounces during 2011. The company, once again, met its gold production guidance range of 380,000 to 400,000 ounces during the year. Quarterly and annual total cash cost per ounce sold, net of by-product sales, were $561 and $448 per ounce, respectively.