Cobas AM: Nueva Gestora de Francisco García Paramés

Los costes totales para 2019 son muy malos. Los he visto en titular, sin entrar a mirar en detalle.

---OFFTOPIC ----

Resultados 4Q de NewGold (NGD)

Fourth Quarter and Year-End Highlights (Continuing Operations)

• The Company reported gold production of 97,428 ounces (84,421 ounces sold) for the quarter at an average realized gold price of $1,230 per ounce. Annual gold production was 315,483 ounces (298,002 ounces sold), at an average realized gold price of $1,263 per ounce.
• The Company produced 20.8 million pounds of copper (19.7 million pounds sold) for the quarter at an average realized copper price of $2.96 per pound and 85.1 million pounds (81.1 million pounds sold) for the year at an average realized copper price of $3.06 per pound.
• Revenues for the quarter were $157.4 million and $604.5 million for the year.
• Operating expense per gold ounce was $568 for the quarter and $648 for the year. Operating expense per copper pound was $1.37 for the quarter and $1.57 for the year.
• All-in sustaining costs (AISC)1 per gold ounce were $688 for the quarter and $961 for the year. AISC per gold ounce on a co-product basis were $857 for the quarter and $1,051 for the year.
• Net loss from continuing operations was $727.7 million ($1.26 per share) for the quarter, which includes a $671.1 million ($1.16 per share) impairment loss related to the Rainy River Mine ($452.9 million) and the Blackwater project ($218.2 million). Net loss from continuing operations for the year was $1,070.8 million ($1.85 per share), which includes a $953.2 million ($1.65 per share) after tax impairment loss related to the Rainy River Mine ($735.0 million) and the Blackwater project ($218.2 million).
• Adjusted net earnings from continuing operations for the quarter, which excludes the impairment loss noted above, was $22.7million ($0.04 per share) and adjusted net loss for the year from continuing operations was $10.6 million ($0.02 per share).
• For the fourth quarter, operating cash flow was $57.8 million ($0.10 per share) and $193.0 million ($0.33 per share) for the year. Operating cash flow, before changes in working capital, was $74.8 million ($0.13 per share) and $264.6 million ($0.47 per share) for the year.
• The Company's current available liquidity of $392.9 million secures the implementation of the Company's 2019 operational plan.
• In late 2018, the Company implemented a hedging strategy whereby it entered into gold and copper price option contracts to reduce exposure to fluctuations in gold and copper prices in 2019.

Los miraré con detenimiento luego, aunque en realidad el outlook del 19 no lo he podido ni casi ojear. A ver si en SA cuelgan el edit transcript de los resultados.

Parece que quiere cargar todo el capex de RR en 2019. Junto a que parece que mueven BW. Entiendo que para tener en el 2020-21 un AISC que entre por el ojo. Veremos.

Hoy toca la conferencia en Barcelona no? A ver si dicen algo nuevo

Se puede ver online?

Ahora -4,84% parece que el bajón se atenúa, pueden ser cortos o especuladores recogiendo beneficios de las últimas subidas

Un -19%. Le están dando fuerte.

SI nos atenemos a lo acostumbrado, va ser que no.

Algún compañero de fatigas mencionó su presencia, a ver si nos dice algo, pero estoy percibiendo que las conferencias se parecen más en un copia y pega de unas con otras.

En Bestinver ¿también se hacían en las dos ciudades? y por cierto, se me acaba de ocurrir ahora...¿sabe alguien el nombre de Bestinver a qué o de qué viene?

El de Cobas creo que muchos lo sabéis ¿no? Es el nombre de una playa de Galicia, en concreto A Coruña en la que parece ser que Paramés ya jugueteaba de pequeño.