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: NGD) provides an update regarding the impact of severe weather, specifically heavy rains and flooding, in British Columbia, affecting transportation routes to its New Afton Mine. As of now, the flooding has not materially impacted the mine's infrastructure or operations. The company is closely monitoring the situation and assessing any potential effects on production, sales, or costs, dependent on the disruption's duration. The safety of employees and contractors remains a top priority.
New Gold Inc. (NGD) announced its Q3 2021 results, reporting total production of 105,628 gold eq. ounces with revenues of $180 million. The company expects to meet its updated gold equivalent production guidance of 405,000 to 450,000 ounces. All-in sustaining costs decreased by over 9% from H1 2021. However, it faced a net loss of $11 million attributable to unrealized losses despite adjusted earnings of $23 million. Cash generated from operations reached $54 million, with strong year-to-date revenue growth of 22% compared to 2020.
New Gold Inc. (NGD) announced its third quarter operational results as of September 30, 2021, reporting a total production of 105,628 gold equivalent ounces, down from 115,536 ounces in Q3 2020. The Rainy River Mine produced 60,785 gold equivalent ounces, facing challenges due to grade reconciliation issues. The company expects improved production in Q4 with an updated guidance of 240,000 to 255,000 gold equivalent ounces. Liquidity improved to $477 million, with a cash position of $151 million. Financial results will be released on November 12, 2021.
New Gold Inc. (TSX: NGD) has revised its 2021 operational outlook for the Rainy River Mine, expecting gold equivalent production to be between 240,000 and 255,000 ounces, a reduction from the previous forecast of 275,000 to 295,000 ounces. This adjustment stems from lower gold grades in the East Lobe area, which contributed to approximately 20,000 fewer ounces produced in July and August. Consolidated gold equivalent production guidance is now anticipated to be between 405,000 and 450,000 ounces. All-in sustaining costs are projected to range from $1,415 to $1,495 per ounce.
New Gold reported second quarter results as of June 30, 2021, achieving total production of 105,705 gold equivalent ounces, including 66,989 ounces of gold. Revenues reached $198 million with an operating expense of $913 per gold equivalent ounce. Despite a $16 million net loss for the quarter, adjusted net earnings were $27 million. Free cash flow was $21 million, while cash and liquidity positions stood at $138 million and $464 million, respectively. Outlook for the second half indicates potential production challenges at Rainy River due to lower than expected gold grades.
New Gold Inc. (NGD) announced its second quarter operational results, reporting total production of 105,705 gold equivalent ounces as of June 30, 2021. Key highlights include production of 66,989 ounces of gold and an increase in mining rates at New Afton by over 30%. The company holds a cash position of $138 million and a liquidity position of $464 million. The Rainy River mine is expected to improve production in the second half of the year due to transitioning to higher-grade areas. The next financial results release is scheduled for August 11, 2021.
New Gold Inc. (NGD) has announced significant exploration updates for the New Afton Mine, targeting new copper-gold mineralization based on a 2020 AI study. Underground drilling on the AI West target yielded impressive results, including 25.2 g/t gold over 2 meters. Surface drilling along the Cherry Creek trend returned 21 g/t gold over 1 meter. A robust drilling program is underway, with further drilling planned at AI Southeast and Cherry Creek. These developments may indicate potential extensions of known mineralization and the discovery of new deposit types.
New Gold Inc. (NYSE American: NGD) expresses deep sorrow over the discovery of remains of 215 children at a former residential school in Kamloops. President and CEO Renaud Adams extends condolences to the affected communities, particularly the Tk'emlúps te Secwépemc Nation. The company emphasizes its commitment to fostering a healthy future for Indigenous peoples in Canada, acknowledging historical traumas. New Gold operates two main producing assets, the Rainy River and New Afton mines, and holds interests in other Canadian projects.
New Gold Inc. (NGD) announced the issuance of the Mines Act permit for the B3 zone, a critical milestone for the New Afton Mine. With the permit secured, ore extraction will commence this quarter and accelerate throughout the year. The development of the C-Zone is also progressing, with extraction anticipated in the second half of 2023. The company aims to establish itself as a leading diversified intermediate gold entity, focusing on responsible mining practices. Additional details can be found on New Gold's website.
On May 5, 2021, New Gold announced the voting results from its Annual General Meeting held on May 4, 2021. The Company appointed Geoff Chater and Thomas McCulley to its Board of Directors. Chater, a geologist with vast international experience, and McCulley, a seasoned leader in mining projects, bring valuable expertise to the Board. During the meeting, all director nominees received significant shareholder approval, with votes for Chater at 99.64% and for McCulley at 99.68%. This strategic expansion of leadership comes as New Gold aims to advance its growth phase.
