New Gold(NGD) - 2022 Q4 - Annual Report

Note references throughout the document are to endnotes which can be found on page 72 of this MD&A. USE OF NON-GAAP FINANCIAL PERFORMANCE METRICS In this MD&A, we use the following non-GAAP financial performance measures: "Total cash costs", "all-in sustaining costs" or "AISC", "adjusted net earnings/(loss)", "adjusted tax expense", "sustaining capital and sustaining leases", "growth capital", "average realized gold/copper price per ounce/pound", "open pit net mining cost per operating tonne mined", "underg ...