New World Gold Corporation Releases First Quarter Results
Increased Profits
(firmenpresse) - BOCA RATON, FL -- (Marketwire) -- 05/15/12 -- New World Gold Corp (PINKSHEETS: NWGC), a gold mining company with existing operations in Ecuador and Peru, today released its financial statements for the first quarter ended March 31, 2012.The report was filed and is available on the Pink Sheets.
The financial statements for the first quarter period ending March 31, 2012 show revenues of $1,517,077 compared to revenues of $1,253,973 last year. Net profit for the first quarter of 2012 was $249,506 versus $84,364 last year. This represents an increase of 196%. The Company has an inventory of $514,572. The Company is projecting a profit for 2012 to exceed $1,000,000 which is a significant increase over last year.
The Company had increases in both revenue and profits in the first quarter of 2012. These increases were a result of increased production in its mines and mills. New World Gold currently has majority interests in 5 producing mines and owns and operates 3 mills. The total current production capabilities are 380 tons of ore per day.
The Company continues to evaluate its probable reserves to increase production during the year.
New World Gold Corp trades in the United States on the Pink Sheets under the symbol "NWGC." For further information, please contact the company at (561)210 8496 or at .
The complete financial report is available online at:
.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition, and New World Gold's ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.
New World Gold Corporation
(561)210 8496
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 146586
Anzahl Zeichen: 0
contact information:
Town:
BOCA RATON, FL
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 175 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"New World Gold Corporation Releases First Quarter Results"
steht unter der journalistisch-redaktionellen Verantwortung von
New World Gold Corp (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
