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New Gold Inc - NGD STOCK NEWS

Welcome to our dedicated news page for New Gold (Ticker: NGD), a resource for investors and traders seeking the latest updates and insights on New Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Gold's position in the market.

Rhea-AI Summary
New Gold Inc. announces the details of its Annual General Meeting of Shareholders, providing information on the release of first quarter 2024 operational and financial results, along with details on the earnings conference call and webcast. The Company will hold its virtual annual general meeting on May 14, 2024, allowing all shareholders to participate and vote in real-time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
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Rhea-AI Summary
New Gold Inc. announces Ian Pearce's retirement and Richard O'Brien's appointment to the Board of Directors, with O'Brien expected to become Chair after Pearce's retirement. O'Brien brings over 40 years of experience in the mining and energy sectors, with significant executive roles in major corporations. The company expresses confidence in O'Brien's leadership for future growth and cost efficiency. Pearce acknowledges the strong performance in 2023 and the completion of growth projects, signaling a strategic leadership transition for long-term success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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management
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Rhea-AI Summary
New Gold Inc. reports achieving the top end of its 2023 production guidance and the midpoint of all-in sustaining cost guidance. The company delivered 423,517 gold equivalent ounces in 2023 at $1,545 per ounce. Strong cash flow and positive free cash flow were generated despite investments in growth projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
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Rhea-AI Summary
New Gold Inc. provides a three-year operational outlook and updated Mineral Reserves and Resources statement, highlighting increasing production, decreasing costs, and strong free cash flow generation over the next three years. The company's strategic objective targets a sustainable production platform of approximately 600,000 gold equivalent ounces per year with a line of sight until at least 2030. Rainy River and New Afton have mine lives to 2031 and 2030, respectively, and minimal capital investment is expected for operational sustainability and longevity. Operational estimates for 2024-2026 are provided for gold and copper production, operating expenses, cash costs, all-in sustaining costs, and capital investment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
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none
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Rhea-AI Summary
New Gold Inc. (TSX: NGD) (NYSE American: NGD) reports strong fourth-quarter results, achieving the top end of its 2023 production guidance. The company's consolidated gold equivalent production of 105,082 ounces marks a 7% increase over the prior-year period. New Afton and Rainy River mines both delivered stable production, exceeding their 2023 guidance. The company is entering the final year of growth project execution, with near-term significant free cash flow expected. New Gold will release its fourth quarter and full year 2023 financial results after market close on Tuesday, February 13, 2024, and host its earnings conference call and webcast on Wednesday, February 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
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none
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Rhea-AI Summary
New Gold Inc. (NGD) announces the promotion of Keith Murphy to Executive Vice President and Chief Financial Officer, effective January 2, 2024. Mr. Murphy, a Chartered Accountant with over 15 years of experience in finance, has been with the company since 2013. He will be succeeding Rob Chausse, who is retiring at the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
Tags
management
Rhea-AI Summary
New Gold Inc. reports strong Q3 results with positive free cash flow and production tracking to the top end of guidance. Cash flow from operations was $100 million and free cash flow was $22 million. The company is on track to achieve its 2023 production and cost targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.67%
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Rhea-AI Summary
New Gold Inc. provides update on mine life extension opportunities at New Afton and reports encouraging drill results and future exploration plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
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none
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Rhea-AI Summary
New Gold Inc. provides notice of release of third quarter financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.15%
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Rhea-AI Summary
New Gold achieves key milestones at New Afton's C-Zone Project, transitioning to production ramp-up phase. Expected increase in annual production by 60% for gold and copper. All-in sustaining costs to significantly decrease, leading to strong free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
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none
New Gold Inc

NYSE:NGD

NGD Rankings

NGD Stock Data

1.25B
647.99M
5.79%
51.59%
0.89%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto

About NGD

new gold is an intermediate gold mining company.the company has a portfolio of four producing assets and two significant development projects. the new afton mine in canada, the mesquite mine in the united states, the peak mines in australia and the cerro san pedro mine in mexico, provide the company with its current production base. in addition, new gold owns 100% of the rainy river and blackwater projects, both in canada. new gold’s objective is to be the leading intermediate gold producer, focused on the environment and social responsibility.