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New Gold Q2 profit falls 70%, hit by $32M charge on redemption of notes

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New Gold Q2 profit falls 70%, hit by 2M charge on redemption of notes

VANCOUVER – New Gold Inc. (TSX:NGD) says its second-quarter earnings fell 70 per cent to $23.7 million, or five cents per share, down from $78.6 million or 19 cents per share during the 2011 period, hit by pre-tax $32 million loss on redemption of secured notes. Revenue grew to $176.1 million from $171.6 million in the year earlier.

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