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) news covers a Canadian-focused intermediate mining company whose results and corporate developments are driven by two core producing assets in Canada: the New Afton copper-gold mine and the Rainy River gold mine. Company announcements emphasize production levels, operating costs, free cash flow generation and exploration progress at these operations, as well as broader corporate initiatives.
Readers of the NGD news page can expect regular updates on quarterly and year-to-date operating and financial results, including gold and copper production, operating expenses and all-in sustaining costs. New Gold’s releases discuss how performance at Rainy River and New Afton affects cash flow from operations, free cash flow and the company’s financial position, including debt repayment and capital spending on growth projects.
New Gold also issues news on exploration programs at both mines. At New Afton, updates describe underground and surface drilling focused on K-Zone and related copper-gold porphyry mineralization. At Rainy River, news highlights drilling at the NW Trend open pit area and underground zones such as ODM Main, ODM East, 17 East and Intrepid, with the objective of extending mineralized zones and offsetting mining depletion.
Another key theme in New Gold’s news flow is corporate and capital markets activity. The company has reported inclusion in the TSX30 ranking for top stock performance and has announced a definitive arrangement agreement under which a subsidiary of Coeur Mining is expected to acquire all New Gold shares, subject to shareholder, court and regulatory approvals. Updates related to this proposed transaction, including management information circulars and special shareholder meetings, are also reflected in New Gold’s news releases.
Investors and followers of NGD stock can use this news stream to monitor operational performance, exploration results and the progress of the planned transaction with Coeur, all of which shape the company’s strategic direction and future corporate structure.
New Gold Inc. (NYSE: NGD) announced significant exploration success at its New Afton and Rainy River mines in Canada. At New Afton, the K-Zone mineralized system has more than doubled in size, now reaching approximately 600 metres in strike length and 900 metres in vertical extent. New drilling discovered additional copper-gold porphyry mineralization 550 metres east of the current footprint.
The company is increasing its 2025 exploration budget by $6 million, with $5 million allocated to New Afton for an additional 15,000 metres of K-Zone drilling. New Gold aims to announce a maiden K-Zone mineral resource in early 2026. Notable K-Zone drilling results include intercepts of up to 4.90% copper equivalent over 48.0 metres.
At Rainy River, drilling has extended NW Trend mineralization and underground mining zones, with approximately 45,000 metres completed of a planned 58,000-metre program. The exploration success supports the company's strategic objectives to extend mine lives at both operations.
New Gold Inc. (NYSE American: NGD) announced the immediate resignation of Christian Milau from its Board of Directors. Board Chair Richard O'Brien acknowledged Milau's contributions during his one-year tenure, highlighting the company's corporate development activities and operational achievements during this period.
O'Brien reaffirmed New Gold's strategic positioning and its ongoing commitment to becoming a leading intermediate gold producer.
New Gold (NYSE:NGD) reported strong Q2 2025 results, highlighted by record quarterly free cash flow of $63 million. The company produced 78,595 ounces of gold and 13.5 million pounds of copper, with operating expenses of $1,070 per gold ounce and all-in sustaining costs of $1,393 per gold ounce.
Key operational highlights include Rainy River's record monthly production of 37,341 ounces in June and New Afton's B3 cave over-performance. The company maintains its 2025 guidance of 325,000-365,000 ounces of gold and 50-60 million pounds of copper. Financial performance showed revenue of $308.4 million and net earnings of $68.6 million.
Notably, NGD acquired the remaining 19.9% free cash flow interest in New Afton Mine from Ontario Teachers' Pension Plan for a combination of cash, credit facility, and gold prepayment financing.
New Gold Inc. (NYSE American: NGD) has announced the upcoming release of its second quarter 2025 operational and financial results, scheduled for Monday, July 28, 2025, before market open.
The company will host an earnings conference call and webcast on the same day at 8:30 am Eastern Time. Investors can access the webcast through the company's website or participate via phone using toll-free numbers for North American and international callers. A recorded playback will be available until August 28, 2025.
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.