There’s nothing worse than reporting earnings as a gold miner.. On a day that the price of gold is down. Even a little bit. New Gold (TSX: NGD) found that out the hard way on Monday, the equity selling off by roughly 5%, despite beating analyst estimates on both EPS and revenue.
But in fairness, we thought the positive response to Q1 earnings was an oddity, so this is a name that tends to do the opposite of what we expect, so what do we know?
Lets dive in.
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