10:00 AM EST - Newmarket Gold Inc. : Announced financial results for the three months ended March 31, 2016. All figures are in United States dollars, unless otherwise stated. The company’s cash position to $52.1 million as at the end of Q1, 2016, a $15.6 million increase from year-end. Working capital of $38.6 million at quarter-end and only $1.6 million in long-term debt following full conversion and redemption of convertible debentures. The company also enjoyed consolidated gold production of 58,057 ounces, which increased 9.2% over Q4, 2015 and a decline of 2.7% over Q1, 2015. Newmarket Gold Inc.
shares T.NMI are trading up $0.02 at $3.47.
