New Gold Inc
TSX:NGD

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New Gold Inc
TSX:NGD
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Price: 6.58 CAD 0.77% Market Closed
Market Cap: 5.2B CAD

New Gold Inc
Investor Relations

New Gold Inc. operates as a compelling narrative in the world of mining, characterized by both its resilience and strategic evolution. Established in 1980 and headquartered in Toronto, Canada, the company embarked on its journey to harness the potential of precious metals, primarily gold and silver, with copper as a significant byproduct. New Gold's business model revolves around the exploration, development, and operation of mineral properties. The company’s primary assets include the Rainy River Mine in Ontario and the New Afton Mine in British Columbia. These strategic geographies not only provide a stable regulatory and economic environment but also significant reserves that propel the company’s growth trajectory.

The company's revenue streams are predominantly driven by the sale of gold and copper, with silver playing a supportive yet valuable role. New Gold’s financial health hinges on efficient production at its operational mines, continuous exploration to extend mines' life, and prudent capital expenditure decisions. By focusing on sustainable mining practices, the company aims to mitigate environmental impacts and address social responsibilities, often an essential agenda item for stakeholders. The financial performance, carefully balanced by the fluctuating dynamics of global commodity markets and operational efficiencies, is a testament to New Gold's adaptive strategies and forward-thinking initiatives, which allow it to carve a distinct niche in a highly competitive industry.

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NGD
S&P TSX Composite Index (Canada)

Earnings Calls

2025 Q1
Apr 30, 2025
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New Gold Shows Strong Q1 Performance with Growth in Production and Cash Flow
2025 Q1
Apr 30, 2025

In Q1 2025, New Gold reported a production of 52,200 ounces of gold and 13.6 million pounds of copper, slightly exceeding guidance. The all-in sustaining cost per gold ounce was $1,727, which is expected to decrease as production ramps up. Notably, free cash flow reached $25 million, with the New Afton mine contributing $52 million to this figure. The company is poised for strong growth, anticipating an increase in annual gold production to between 325,000 and 365,000 ounces in 2025. Additionally, New Gold plans to solidify its financial position by acquiring the remaining 19.9% interest in New Afton, consolidating 100% ownership.

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Management

Mr. Patrick Godin Asc., B.Sc., Eng., M.Eng., P.Eng.
CEO, President & Director
No Bio Available
Mr. Yohann Bouchard
Executive VP & COO
No Bio Available
Mr. Sean Keating
VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Ankit Shah CPA
Executive Vice President of Strategy & Business Development
No Bio Available
Mr. Keith Murphy
Executive VP & CFO
No Bio Available
Mr. Luke Buchanan
Vice President of Technical Services
No Bio Available
Mr. Brandon Throop
Director of Investor Relations
No Bio Available
Mr. Dan Sharkey
Vice President of Human Resources
No Bio Available
Mr. Jean-Francois Ravenelle
Vice President of Geology
No Bio Available
Mr. Paul Melling
Treasurer
No Bio Available

Contacts

Address
ONTARIO
TORONTO
181 Bay Street, Suite 3320
Contacts
+14163246000.0
newgold.com