TORONTO (AP) — TORONTO (AP) — New Gold Inc. (NGD) on Tuesday reported a loss of $27.4 million in its fourth quarter.

The Toronto-based company said it had a loss of 4 cents per share. Losses, adjusted for non-recurring costs, were 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The gold mining company posted revenue of $199.2 million in the period.

For the year, the company reported a loss of $64.5 million, or 9 cents per share. Revenue was reported as $786.5 million.

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