Excellent Earnings Propelled Prices of These 10 Firms

2. New Gold Inc. (NYSEAmerican:NGD)

New Gold Inc. surged by 18.81 percent on Wednesday to close at $3.98 apiece after reporting a strong earnings performance in the first quarter of the year.

In its earnings statement, New Gold Inc. (NYSEAmerican:NGD) said net loss narrowed by 61.6 percent to $16.7 million from $43.5 million in the same period a year earlier, as revenues rose by 8.8 percent to $209.1 million from $192.1 million year-on-year.

Revenue increased over the prior-year period primarily due to higher metal prices and copper sales volume, partially offset by lower gold sales volume.

Consolidated gold production ended at 52,186 ounces in the first quarter, while copper production was at 13.6 million pounds.

First quarter gold production represented approximately 15 percent of the midpoint of annual consolidated production guidance of 325,000 to 365,000 ounces of gold, slightly ahead of the planned first quarter of 14 percent.