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.
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Robert Talbot, 561-210-8496
