New World Gold Corporation Reaches Record Year End Results
28 Gennaio 2013 - 10:57PM
Marketwired
New World Gold Corporation (PINKSHEETS: NWGC), a gold mining
company with existing operations in Ecuador and Peru, today
released its financial results for the year ended December 31,
2012. The financial report was filed and is available on the Pink
Sheets. The Company had record financial results.
The financial statements for the year ending December 31, 2012
show revenue of $8,180,127 versus $5,472,194 for the same period
last year. This represents an increase of $2,707,933 or 49.5 %. The
net profit for the year ending December 31, 2012 was $1,836,664
versus $660,243 last year. This is an increase of $1,176,421 or
178%. The Company had an inventory at December 31, 2012 of
$1,447,050 versus $505,755 last year.
The significant increase in revenues and profits is a result of
increased production in the mines and continued development in the
company mills. The Company also processes ore for other companies
for additional cashflow. The total current capacity of the mills is
420 tons of ore per day. The Company also has 2500 tons of
concentrate in inventory that it will begin processing this year.
Independent laboratory analysis indicates that the concentrate has
a value of at least $5000 per ton. It is expected that the
Company's revenue and profits will continue to increase as the
Company develops its reserves through additional acquisitions.
New World Gold Corporation trades in the United States on the
OTC Pink under the symbol "NWGC." For further information, please
contact the Company at (561) 210 8496 or www.newworldgoldcorp.com
or investors can find real time quotes and market information for
the company on www.otcmarkets.com.
The complete financial report is available online at:
http://www.otcmarkets.com/stock/NWGC/financials
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 and 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
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