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. (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.
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.
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