NGD Stock Recent News

New Gold delivered a strong Q2 2025, with gold production up 14.6% and revenue up 41% year-over-year, driving robust cash flow growth. Operational milestones at New Afton and Rainy River are boosting production capacity and lowering costs, supporting margin expansion for the remainder of 2025. The company now owns 100% of New Afton's free cash flow, enhancing its long-term cash generation and production outlook.

New Gold has transitioned from promise to delivery, showing strong operational execution, margin expansion, and robust FCF in Q2 2025. Valuation remains deeply discounted versus peers despite superior growth, profitability, and financial discipline, offering significant rerating potential if performance continues. Key risks include gold price volatility and execution challenges, but New Gold's strong balance sheet and management discipline provide resilience.

New Gold had a solid H1'25 but H2'25 is set to be much better, benefiting from the favorable combo of back-end weighted production (H2) and front-end weighted capex (H1). This will result in significant free cash flow generation, but the real growth will arrive in 2026/2027, with NGD set to generate upwards of $700 million in free cash flow. Meanwhile, the outlook for further mine-life extension at Rainy River is improving, potentially helping to reduce its discounted multiple given the shorter life at this asset.

New Gold Inc. (NYSE:NGD ) Q2 2025 Earnings Conference Call July 28, 2025 8:30 AM ET Company Participants Ankit Shah - Executive VP & Chief Strategy Officer Keith Murphy - Executive VP & CFO Patrick Godin - CEO, President & Director Travis Murphy - Corporate Participant Conference Call Participants Anita Soni - CIBC Capital Markets, Research Division Lawson Winder - BofA Securities, Research Division Michael Siperco - RBC Capital Markets, Research Division Operator Good morning. My name is Jean-Louis, and I will be your conference operator today.

Quarter-Over-Quarter Production Growth Drives Record Free Cash Flow Generation; On-Track to Achieve Annual Guidance (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , July 28, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today reported financial and operating results for the quarter and six-months ended June 30, 2025. Second quarter 2025 production was 78,595 ounces of gold and 13.5 million pounds of copper, at an operating expense of $1,070 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,393 per gold ounce sold (by-product basis).

NGD eyes Q2 earnings surge with gold output set to rise 4-26% and prices up 41% from last year's quarter.

New Gold is at a financial inflection point, with ramp-ups, cost cuts, and high gold prices driving strong free cash flow and margin expansion through 2027. The company's recent acquisition of the remaining New Afton interest boosts cash flow, but timing raises questions given current high gold prices and mine life limits. Risks include mine life peaking after 2027 and heavy reliance on sustained high gold prices, but management's execution and new discoveries could offset declines.

In the closing of the recent trading day, New Gold (NGD) stood at $4.54, denoting a +1.11% move from the preceding trading day.

New Gold (NGD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?