New World Gold Continues to Grow
19 Febrero 2015 - 6:00AM
Business Wire
New World Gold Corporation (OTC Pink: NWGC), a gold mining and
milling company with existing operations in Ecuador and Peru, is
pleased to announce its year end financial results for the period
ending December 31, 2014. The Company had revenues of $10,612,808
versus $8,241,330 last year. This is an increase of $2,371,478 or
28.8%.
The Company had a profit of $2,886,696 for the year ended
December 31, 2014 versus a profit of $2,200,758 last year. The
increase in profit for the year ended December 31, 2014 is $685,938
or 31.2%.
The balance sheet shows significant growth with total assets of
the Company increasing to $14,335,808 for the year ended December
31, 2014 versus $10,335,808 last year. The Company will continue to
grow through acquisition of gold reserves and production
facilities. Current production capability is 750 tons of ore per
day. Production capability is expected to increase to 1000 tons per
day by June 2014. The milling operation is expected to increase
through contract milling with independent miners.
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 risks 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.
New World Gold CorporationRobert Talbot, 561-210-8496
New World Gold (CE) (USOTC:NWGC)
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