New Gold Stock Price, News & Analysis

New Gold Inc. (NGD) has released its 2024 Sustainability Report, marking a decade of sustainability reporting. The company achieved significant environmental and social milestones, including a 7.8% reduction in greenhouse gas emissions from 2023 and a 15% reduction from their 2020 baseline. Safety performance improved with the lowest-ever total recordable injury frequency rate of 0.72, a 42% decrease since 2021. The company maintains strong Indigenous representation at 24% of its workforce and high local employment rates of 79% at New Afton and 67% at Rainy River. New Gold invested over C$765,000 in local communities, with C$412,000 specifically allocated through their Community Investment Program.

New Gold (NYSE American: NGD) announced the voting results from its Annual and Special Meeting of Shareholders held on May 6, 2025. The election results showed strong shareholder support for all nine director nominees, with approval ratings ranging from 91.97% to 99.70%. Patrick Godin received the highest approval at 99.70%, while Nicholas Chirekos received 91.97% of votes in favor.

The company also conducted a Say on Pay advisory vote, which received 94.37% approval from shareholders, with 405,189,666 votes in favor and 24,195,443 votes against.

New Gold Inc. (NYSE: NGD) has successfully completed the acquisition of the remaining 19.9% free cash flow interest in its New Afton Mine from Ontario Teachers' Pension Plan. This transaction results in New Gold now owning 100% of the free cash flow interest in New Afton. The completion of this deal terminates all existing agreements with Ontario Teachers' regarding their free cash flow interest in the mine.

New Gold reported solid Q1 2025 results with production of 52,186 ounces of gold and 13.6 million pounds of copper. The company generated $108 million in operating cash flow and $25 million in free cash flow. New Afton mine delivered strong performance with 18,278 ounces of gold and 13.6 million pounds of copper, while Rainy River produced 33,908 ounces of gold.

Key achievements include consolidating 100% interest in New Afton, refinancing senior notes, and extending credit facility. The company maintained its 2025 guidance of 325,000-365,000 ounces of gold and 50-60 million pounds of copper. Strategic developments include successful pit portal breakthrough at Rainy River and advancement of C-Zone construction at New Afton.

Financial highlights show revenue of $209.1M, with operating expenses of $103.4M. The company ended Q1 with $213M in cash and cash equivalents, positioning itself for continued growth and operational improvements.

New Gold Inc. (NGD) has announced an agreement to acquire the remaining 19.9% free cash flow interest in its New Afton Mine from Ontario Teachers' Pension Plan for $300 million, consolidating its ownership to 100%. The transaction will be funded through cash on hand, existing credit facility, and a $100 million gold prepayment financing.

The gold prepayment arrangement will require delivery of gold ounces over 12 months, representing approximately 8% of the company's expected consolidated gold production during that period. The transaction is expected to close in early May 2025 and doesn't require shareholder approval.

The deal comes as New Afton enters a period of anticipated significant free cash flow growth, driven by increasing production and improved costs. The company has committed $17 million towards exploration in 2025, with a strong focus on K-Zone, following exceptional drill results from September 2024.

New Gold Inc. (TSX: NGD) (NYSE American: NGD) has announced it will release its first quarter 2025 operational and financial results after market close on Tuesday, April 29, 2025. The company will host its earnings conference call and webcast the following day, Wednesday, April 30, 2025 at 8:30 am Eastern Time.

Participants can join through multiple channels: via webcast registration on the company website, through North American toll-free number 1-888-699-1199, or 1-416-945-7677 for international calls. A recorded playback will be available until May 30, 2025, accessible through toll-free number 1-888-660-6345 or 1-289-819-1450 for international callers.

New Gold Inc. (TSX: NGD) (NYSE American: NGD) has announced the mailing of its Management Information Circular for the annual general and special meeting scheduled for May 6, 2025. The company is utilizing the notice and access process for circular delivery, with documents available on their website and regulatory platforms.

A significant board change was announced as Margaret (Peggy) Mulligan will not seek re-election and is resigning from the Board of Directors. Board Chair Richard O'Brien acknowledged her seven-year tenure and contributions to repositioning New Gold as a value generator.

The 2025 Annual General Meeting will be conducted virtually through an online portal, allowing shareholders to participate, ask questions, and vote in real-time. The meeting will not include a formal management presentation. Non-registered shareholders must follow specific procedures outlined in the Circular to participate fully in the virtual meeting.

New Gold Inc. (TSX: NGD) (NYSE American: NGD) announced the expiration of its tender offer for its 7.50% Senior Notes due 2027. The tender offer, which commenced on March 4, 2025, expired on March 13, 2025.

The company plans to use proceeds from a new $400 million issuance of 6.875% Senior Notes due 2032 to fund the purchase of tendered notes. Settlement for validly tendered notes is expected on March 18, 2025.

New Gold intends to redeem any remaining untendered notes around July 15, 2025, at 100.00% of the principal amount plus accrued interest, though this is not guaranteed. The tender offer was managed by BofA Securities and BMO Capital Markets.

New Gold Inc (TSX: NGD) (NYSE American: NGD) has announced the appointment of Travis Murphy as Vice President, Operations, effective March 24, 2025. Murphy brings over 18 years of industry experience and was previously Principal Advisor – Productivity for Newmont in North America.

Murphy's credentials include:

• Registered professional geologist
• Former Mine Manager at Brucejack operation
• Led Brucejack to win John T. Ryan Safety Award and Large-scale Underground Mine Safety Award in 2021
• Bachelor of Science in Geology from University of Calgary
• MBA from Athabasca University

CEO Patrick Godin highlighted that Murphy's operational experience and strategic planning will help deliver on the company's free cash flow objectives, following their recent release of two updated Technical Reports.