New Gold's Q1 Results: 26% Production Fall, 68% Cost Rise, and a 52% Loss Per Share. Coeur Mining Sees a Better Deal.

New Gold's Q1 results show a 26% fall in production, rising costs at the Rainy River mine by 68%, and a net loss of $59.6mln. Coeur Mining's Q1 results show a 14% increase in gold production and a 25% rise in silver production. The acquisition of Coeur Mining by New Gold is a bad deal for New Gold, but a better one for Coeur Mining, with Coeur Mining shareholders set to receive a premium of 21% in New Gold shares.