IKN

Tis rigor and not law

The reason New Gold (NGD) is rallying this morning

The bold type number:

Revenues at U$115.7m were $2.7m over the house model, DD&A was slightly lower than expected, too. So both those helped a little but the magic was in COGS, that’s a much better op-ex number than expected. Nice corporate job and NGD is up 7% on the news.

(To prove it really is a rally day, I added Equinox to the chart as well. EQX is nearly UNCH after its trainwreck quarter)

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