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. (NGD) has announced the pricing of a $400 million Senior Notes offering with a 6.875% interest rate, due 2032. The offering is expected to close around March 18, 2025.
The company plans to use the net proceeds, combined with cash on hand, to purchase all outstanding 7.50% senior notes due 2027 through a tender offer. Any remaining funds will be used to redeem outstanding Existing Notes at 100% of principal value around July 15, 2025.
The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act, as well as through private placement in Canada.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has launched a cash tender offer to purchase all outstanding 7.50% Senior Notes due 2027. The tender offer will expire on March 13, 2025 at 5:00 p.m., New York City time, with settlement expected on March 18, 2025.
The company plans to fund this tender offer through a new notes offering. Additionally, New Gold intends to redeem any remaining unpurchased notes around July 15, 2025 at 100.00% of the principal amount plus accrued interest, though this redemption is not guaranteed.
The tender offer is contingent on certain conditions, including the completion of a contemporaneous notes offering on terms satisfactory to New Gold. BofA Securities and BMO Capital Markets are serving as Dealer Managers for the tender offer.
New Gold Inc. (TSX: NGD) (NYSE American: NGD) has announced the launch of a $400 million Senior Notes offering. The company plans to use the proceeds, along with cash on hand, to purchase all outstanding 7.50% senior notes due 2027 through a tender offer.
The company intends to redeem any remaining 2027 notes at 100% of the principal amount around July 15, 2025. The new Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, as well as to Canadian investors through private placement.
The tender offer for existing notes is not conditional on any minimum principal amount being tendered, while the Notes offering will not be registered under the U.S. Securities Act.
New Gold Inc. (NGD) has reported its fourth quarter and full year 2024 results, demonstrating strong cost discipline and operational performance. The company achieved full-year production of 298,303 gold ounces at all-in sustaining costs of $1,239 per gold ounce, beating the low end of their guidance range.
Fourth quarter production reached 80,438 ounces of gold and 14.5 million pounds of copper, with all-in sustaining costs of $1,018 per gold ounce, marking the lowest cost quarter of 2024. The company generated $22 million in free cash flow during Q4 while investing $65 million in growth projects.
Notable achievements include generating $85 million in free cash flow for 2024, delivering C-Zone commercial production at New Afton, and achieving first ore from Rainy River underground ahead of schedule. The company ended the year with $105 million in cash after repaying the remaining $50 million outstanding on their credit facility.
New Gold Inc. (NGD) announced mine life extensions at both New Afton and Rainy River mines, with updated technical reports and a three-year operational outlook. Key highlights include:
At New Afton, copper and gold reserves increased by 15% and 13% respectively. The C-Zone expansion and new East Extension zone are driving growth, with copper production expected to reach 95-115 million pounds by 2027, a 94% increase from 2024.
At Rainy River, the Phase 5 expansion extends open pit mining to 2028, maintaining mill capacity until 2029. Gold production is projected to average 300,000 ounces annually over the next three years.
The company expects consolidated gold production to increase by 16% to 325,000-365,000 ounces in 2025. All-in sustaining costs are projected to decrease by 17% to $1,025-$1,125 per ounce. Total capital expenditure for 2025 is estimated at $270-315 million.
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.
FAQ
What is the current stock price of New Gold (NGD)?
What is the market cap of New Gold (NGD)?
