BOCA RATON, Fla.--(BUSINESS WIRE)--
New World Gold Corporation, (OTC Pink: NWGC) a gold mining and milling
company with existing operations in Ecuador and Peru wishes to announce
its financial results for the 6 month period ending June 30, 2015.
Revenue was $5,521,647 for June 30, 2015 up from $4,990,191 last year,
an increase of $531,451 (10.6%). The profit for the 6 month period
ending June 30, 2015 was $1,715,308 up from $1,503,621 last year, an
increase of $211,687 (14%). The increase in revenue and profit was
despite the fact that the average price per oz of gold was lower by
$75.00 per oz in 2015 versus the first 6 months in 2014. The Company
will continue to expand its mining and milling operations in the second
half of 2015. The Company is projecting that it will average production
of 1000 tons of ore pure day with an average head grade of 6gms per ton.
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.
NOTE: This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
involving risk and uncertainties. Results, events and performances could
vary from those contemplated. These statements involve risks and
uncertainties which may cause 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 law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150802005056/en/
