Welcome to our dedicated page for New Gold news (Ticker: NGD), a resource for investors and traders seeking the latest updates and insights on New Gold stock.
New Gold Inc (NGD) is a Canadian-focused intermediate mining company specializing in gold, copper, and silver production. This page aggregates all official press releases, financial disclosures, and operational updates directly from the company.
Investors gain access to critical information including quarterly earnings reports, mine production results, and exploration program updates. Track strategic developments like resource expansion projects, sustainability initiatives, and leadership changes through verified primary sources.
Content categories cover production milestones, cost management updates, environmental compliance achievements, and corporate governance matters. All materials adhere to financial reporting standards, providing reliable data for investment research and market analysis.
Bookmark this page for streamlined access to NGD's latest communications. Return regularly to stay informed about operational performance and strategic positioning in the precious metals sector.
New Gold Inc. (TSX/NYSE American: NGD) announced that Yohann Bouchard has stepped down from his position as Executive Vice President and Chief Operating Officer, effective January 31, 2025. Bouchard, who joined the company in April 2023, contributed to achieving significant milestones and helped advance operations through the free cash flow inflection point in mid-2024.
President & CEO Patrick Godin acknowledged Bouchard's contributions and expressed enthusiasm about presenting New Gold's operational outlook and updated technical reports later in February 2025, focusing on maximizing future free cash flow generation.
New Gold Inc. (NGD) reports its highest production quarter of 2024, with Q4 consolidated production reaching 80,438 ounces of gold and 14.5 million pounds of copper. This represents a 2% and 20% increase over the prior-year period, respectively.
New Afton exceeded its gold production guidance, producing 19,652 ounces of gold and 14.5 million pounds of copper in Q4, marking a 19% increase in gold and 15% increase in copper production over Q3. The facility achieved commercial production at C-Zone ahead of schedule.
Rainy River produced 60,786 ounces of gold in Q4 but faced operational challenges in December due to mechanical issues with the crushing system. The company's 2024 consolidated gold production of 298,303 ounces fell slightly below the updated guidance of 300,000-310,000 ounces, while copper production of 54.0 million pounds hit the midpoint of initial guidance.
New Gold reports strong Q3 2024 results with production of 78,369 gold ounces and 12.6 million pounds of copper. Operating expenses were $1,021 per gold ounce sold, with all-in sustaining costs of $1,195 per gold ounce. The company achieved record quarterly results including $252 million in revenue, $128 million in operating cash flow, and $57 million in free cash flow.
The company updated its 2024 outlook, expecting gold production of 300,000-310,000 ounces (down from 310,000-350,000), while copper production remains on track at 50-60 million pounds. Cost performance remains strong with all-in sustaining costs trending toward the low end of guidance at $1,240-$1,340 per gold ounce.
New Gold Inc (TSX/NYSE: NGD) announced two major milestones: commercial production achievement at New Afton's C-Zone and first ore extraction from Rainy River Underground Main, both ahead of schedule. At New Afton, the C-Zone's materials handling system and gyratory crusher are now operational, with 18 draw bells constructed, targeting processing rates of 14,500 tonnes per day by 2026. At Rainy River, Underground Main development has commenced, aiming for 5,500 tonnes per day production by 2027. The company completed key infrastructure including the main fresh air raise and in-pit portal in Q3. Both projects are expected to drive significant production growth and cost reduction.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has announced the release date for its third quarter 2024 operational and financial results. The results will be made public after market close on Tuesday, October 29, 2024. Following this, the company will host an earnings conference call and webcast on Wednesday, October 30, 2024 at 8:30 am Eastern Time.
Interested parties can participate in the webcast by registering on New Gold's website or via a provided link. For those preferring to listen via phone, toll-free numbers are available for North American callers. A recorded playback of the conference call will be accessible until November 30, 2024, and an archived webcast will be available on the company's website.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has announced continued growth at its New Afton mine's K-Zone and HW Zone in British Columbia, Canada. Exploration drilling in the eastern part of the mine has intersected high-grade copper-gold porphyry mineralization, highlighting the potential for a new high-grade mining area. Key highlights include:
- K-Zone drilling: 2.83% copper and 1.90 g/t gold over 84 meters in Borehole EA24-510
- HW Zone drilling: 1.05% copper and 1.08 g/t gold over 51 meters in Borehole EA24-506
- Additional $3 million allocated to the 2024 New Afton exploration program
- Objective to report initial mineral resources at K-Zone for year-end 2024
The company aims to optimize net asset value with modest investment and leverage existing infrastructure.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has announced positive results from its ongoing exploration program at the Rainy River mine. The drilling campaign has expanded mineralization in both open pit and underground zones, supporting potential mineral resource growth. Key highlights include:
- Underground drilling extended gold mineralization along strike at Intrepid and down-plunge at ODM East and 17-East zones, with intercepts up to 6.09 g/t gold over 1.5 meters.
- New gold mineralization discovered between Intrepid and Underground Main, grading 3.59 g/t gold over 4.50 meters.
- Near-surface drilling confirmed continuity of mineralization at NW-Trend and 280 Zone, with intercepts up to 4.15 g/t gold over 18.0 meters.
Based on these results, New Gold has increased its 2024 Rainy River exploration budget by $3 million to $12 million to follow up on high-priority targets. The company expects these findings to positively impact year-end mineral resource estimates and provide a foundation for future exploration.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has appointed Sophie Bergeron and Ross Bhappu to its Board of Directors, strengthening its leadership team. Sophie Bergeron brings over 20 years of mining experience, currently serving as Managing Director, Diamonds for Rio Tinto Iron and Titanium and Diamonds. She has a strong background in operations, project management, and sustainability. Ross Bhappu contributes more than 30 years of experience in mining, specializing in overseeing and financing mining projects. He is currently a Senior Strategic Advisory Partner at Resource Capital Funds (RCF).
These appointments aim to enhance New Gold's operational discipline, safety focus, and technical and financial expertise. The company expects these additions to accelerate its strategy of becoming a leading intermediate gold producer.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has appointed Richard O'Brien as Chair of the Board, effective August 1, 2024. This follows his appointment to the Board of Directors on March 25, 2024. Ian Pearce will retire from the Board on the same date, after eight years of service. O'Brien expressed gratitude for Pearce's dedication and assistance during the transition period. He emphasized that New Gold is well-positioned to leverage its significant free cash flow period, aiming to become a leading intermediate gold producer. CEO Patrick Godin acknowledged Pearce's support and guidance, noting that his experience will serve as a foundation for the company's future success.
New Gold (NGD) reported Q2 2024 results, with gold production of 68,598 ounces and copper production of 13.6 million pounds, aligning with plans. Operating expenses were $1,156 per gold ounce sold (co-product basis) and all-in sustaining costs (AISC) were $1,381 per gold ounce sold (by-product basis). The company generated $100 million in cash from operations and $20 million in free cash flow. New Gold has entered a period of sustained free cash flow generation.
Notably, New Afton performed well with low AISC, and Rainy River advanced its open pit operations. Consolidated production guidance for 2024 remains 310,000-350,000 ounces of gold and 50-60 million pounds of copper at AISC of $1,240-$1,340 per gold ounce sold (by-product basis). The company completed an agreement with Ontario Teachers' Pension Plan, increasing its free cash flow interest in New Afton to 80.1%.
Revenues increased to $218.2 million, driven by higher metal prices and copper sales. Net earnings were $53.1 million, significantly up from a loss of $2.6 million in Q2 2023. Adjusted net earnings were $17 million, up from $11.6 million year-on-year.
