New Gold Inc

NGD

Equity

ISIN null / Valor 2172453

Toronto Stock Exchange (2025-10-17)

CAD 9.77-7.22%

New Gold Inc
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About company

New Gold Inc. is a mining company with a focus on the exploration, development, and operation of mineral properties. The company's team, led by executives with extensive experience in mining finance, strategy, corporate development, and operations, indicates a comprehensive approach to its business activities. With personnel like Mr. Shah, who has a background in mining finance and strategy, and Mr. Melling, who oversees the company's treasury functions including risk management and metal sales, New Gold Inc. appears to be well-equipped to manage the financial and operational aspects of mining projects. Additionally, the involvement of Mr. Bouchard, with his extensive technical and operations experience in the mining industry, particularly in overseeing mining operations in the Americas, suggests that New Gold Inc. is engaged in the production of precious and base metals. Although the source does not specify the exact locations or the scale of its operations, the reference to the Americas and the background of its leadership team implies a focus on gold and possibly other metals, aligning with industry practices of exploration and extraction in regions with rich mineral deposits.

Summarized from source with an LLMView SourceSector: Energy

Record Free Cash Flow

New Gold Inc. achieved a record quarterly free cash flow of $63 million, driven by strong cash flow from operations totaling $163 million. Notably, the Rainy River operation contributed a record $45 million to the free cash flow, highlighting robust financial performance.

Production Growth

In Q2 2025, New Gold produced 78,595 ounces of gold and 13.5 million pounds of copper. This growth aligns with the company's annual production guidance, with gold production for the first half representing approximately 38% of the annual midpoint target. Both New Afton and Rainy River operations reported increased outputs, with Rainy River achieving a record 37,341 ounces of gold in June alone.

Operational Advancements

The New Afton mine continued to outperform expectations, particularly the B3 cave, which is now projected to be depleted four months later than initially planned. At Rainy River, ongoing underground development and commissioning of ventilation systems are set to accelerate production. The mill operations transitioned to higher-grade open pit ore, enhancing overall efficiency and output.

Exploration and Growth Initiatives

Exploration activities remain strong, with seven diamond drills active at New Afton and three at Rainy River. New Afton's K-Zone exploration is at an all-time high, supporting the company's growth plans. Rainy River is concurrently advancing open pit and underground exploration, with results expected in September 2025.

Financial Position and Strategic Moves

New Gold closed the quarter with $226 million in cash and cash equivalents. The company successfully redeemed $111 million of its 2027 Notes post-quarter using available cash. Additionally, New Gold entered an agreement with Ontario Teachers’ Pension Plan to acquire the remaining free cash flow interest in the New Afton Mine, funded without diluting shareholder equity.

Summarized from source with an LLMView Source

Key figures

144%1Y

694%3Y

261%5Y

Performance

50.7%1Y

54.2%3Y

59.1%5Y

Volatility