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.
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New Gold Inc. (TSX: NGD, NYSE: NGD) reported its Q1 2023 results, marking a 20% rise in gold equivalent production to 104,857 ounces, including 82,477 ounces of gold. The company generated $61 million in cash from operations ($0.09/share), despite a net loss of $32 million ($0.05/share). Operating expenses were $1,086 per gold equivalent ounce, while all-in sustaining costs were $1,486 per ounce. Average realized prices stood at $1,890/ounce for gold and $4.10/pound for copper. Significant financial actions were taken, including selling shares in Artemis Gold for approximately C$31.5 million and extending a credit facility to December 2026. The company also announced leadership changes, with CFO Rob Chausse set to retire at the end of 2023.
New Gold Inc. (TSX: NGD, NYSE American: NGD) has announced key senior management appointments aimed at enhancing its leadership and operational capabilities. Yohann Bouchard has been appointed as Executive Vice President and Chief Operating Officer, bringing over 25 years of experience from his previous role at Yamana Gold. Ankit Shah has been promoted to Executive Vice President, Strategy and Business Development, having played a crucial role in the company's strategic transformation. Additionally, Luke Buchanan and Jean-François Ravenelle have been appointed Vice Presidents of Technical Services and Geology, respectively. The appointments are expected to bolster New Gold's goals of increasing production and achieving sustained free cash flow. Management expresses confidence in the team’s ability to drive operational excellence and growth.
New Gold (AMEX: NGD) announced strong operational results for Q1 2023, achieving gold equivalent production of 104,857 ounces, a 20% increase from Q1 2022. The performance includes record production at the Rainy River Mine, with gold equivalent production of 67,596 ounces, up from 59,895 ounces year-over-year. The New Afton Mine also showed improvement, producing 37,261 ounces of gold equivalent, compared to 27,800 ounces in Q1 2022. Copper production increased to 10.3 million lbs, up from 8.2 million lbs. New Gold plans to release its Q1 2023 financial results on April 26, 2023, and will hold a conference call on April 27, 2023. The company is well-positioned to meet its annual production guidance.
New Gold Inc. (TSX: NGD) has released its fourth quarter and full year 2022 results, reporting total production of 97,824 gold equivalent ounces in Q4 and 347,054 ounces for the year. The company achieved updated annual guidance for all metals, with a net loss of $17 million in Q4 and $67 million for 2022. Operating expenses were $1,140 per gold equivalent ounce for Q4 and $1,116 for the year, both below guidance. For 2023, New Gold projects a 10% production increase and lower costs, aiming for a total production of 365,000 to 425,000 ounces. Year-end Mineral Reserves total 3.3 million ounces of gold and 607 million pounds of copper.
New Gold Inc. (NGD) announced updated production guidance and operational results for Q4 and FY 2022. The company successfully met its revised production targets, achieving gold eq. production of 347,054 ounces and copper production of 31.1 million lbs for the year. Notably, Rainy River Mine reported a 25% increase in grades, while New Afton ramped up production to 8,000 tonnes per day ahead of schedule. The company's financial results for Q4 2022 and a 2023 operational outlook will be released on February 16, 2023. CEO Patrick Godin highlighted resilience amid 2022 challenges.
New Gold Inc. (NGD) reported its Q3 2022 results with a gold equivalent production of 91,021 ounces, a decrease from 105,628 ounces in Q3 2021. The company faced an operating expense of $1,069 per gold eq. ounce and all-in sustaining costs of $1,637. A net loss of $4 million was recorded, with an adjusted net loss of $13 million. Cash generated from operations totaled $54 million, or $0.08 per share. The company continues to ramp up production from Rainy River and New Afton, focusing on B3 production and completing C-Zone development in 2023.
New Gold Inc. (TSX: NGD) reported its third quarter operational results as of September 30, 2022. The report highlights that underground mining at the Rainy River project started, with expectations for underground material to feed the mill in the fourth quarter. The company achieved gold production of 70,147 ounces and copper production of 8.5 million pounds in Q3 2022, showing a decline from Q3 2021. New Gold also received the C-Zone permit for the New Afton mine. Financial results will be released on November 3, 2022.
New Gold Inc. has received the Mines Act M229 Permit Amendment for its New Afton C-Zone, marking a crucial step towards mining operations. According to President & CEO Renaud Adams, initial production is slated for the second half of 2023. This development is crucial for enhancing the company's operational capacity. New Gold operates two main mines in Canada: the Rainy River gold mine and the New Afton copper-gold mine. The company is committed to environmental responsibility and social governance.
New Gold (TSX: NGD) announced an update on its Rainy River Mine following heavy rainfall and flooding in the Fort Frances area during Q2 2022. The company reported that it produced approximately 41,000 gold equivalent ounces in July and August, aligning with its annual guidance of 230,000 to 250,000 ounces. Mining activities in the open pit have ramped up significantly, achieving a daily average of 21,000 ore tonnes, a 70% increase from Q2. The first stope in the Intrepid underground zone was blasted on September 13, marking a crucial advancement.
New Gold Inc. (NGD) reported significant drill results from its New Afton Mine's underground exploration program, highlighting continuous mineralization in the East Extension. Assay results revealed higher gold (up to 3.18 g/t) and copper (up to 4.93%) grades compared to current reserves (0.67 g/t Au and 0.74% Cu). The program aims to extend mine life and resource estimates, with a total of 38,084 metres drilled across 115 holes. Further drilling is planned, focusing on additional targets and promising areas, indicating potential for increased higher-grade reserves at low development costs.
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