Mar. 21 at 1:56 PM
$CDE There has been very little reaction to Newgold's quarterly results, even though I find them informative. My main takeaway is the adjusted net income of
$260.3 million, which is higher than CDE's
$227.3 million for Q4. Based on this, the dilution of approximately 60% would seem beneficial, as it should be considered in relation to a 215% increase in net income. I also note production exceeding sales volume by 2,892 ounces for gold and 0.7 million for copper, which leaves room for improvement, as do the average selling prices of
$4,167 for gold and
$5.08 for copper. However, copper production of 11 million ounces seems low compared to recent quarterly averages. What are your thoughts? What is your analysis?
