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New Gold missed its 2024 production guidance in 2024, but managed to easily beat its cost guidance midpoint and remains on schedule at C-Zone and Main Zone UG. These two growth projects are expected to result in significant production growth at higher margins over the next few years, translating to surging free cash flow for this small-cap miner. In this update, we'll dig into the Q4 & FY2024 results, recent developments and whether the stock is offering an adequate margin of safety at current levels.
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announced the pricing of its previously announced offering of $400 million aggregate principal amount of 6.875% Senior Notes due 2032 (the "Notes"). The offering is expected to close on or about March 18, 2025, subject to customary closing conditions.
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding senior notes (the "Notes") listed in the following table upon the terms and conditions described in New Gold's Offer to Purchase, dated March 4, 2025 (the "Offer to Purchase"). Title of Security CUSIP Numbers Principal Amount Outstanding Purchase Price per $1,000 of Notes (1) 7.50% Senior Notes due 2027 644535 AH9 (Rule 144A) / C62944 AD2 (Regulation S) $400,000,000 $1,008.00 (1) Holders whose Notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the settlement date.
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announced that it has commenced an offering of $400 million aggregate principal amount of Senior Notes (the "Notes"). New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the purchase of any and all of its outstanding 7.50% senior notes due 2027 (the "Existing Notes") and to pay related fees and expenses.
New Gold Inc. (NYSE:NGD ) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Ankit Shah - Executive Vice President, Strategy & Business Development Keith Murphy - Chief Financial Officer Patrick Godin - President & Chief Executive Officer Conference Call Participants Eric Winmill - Scotiabank Operator Good morning. My name is Vincent and I'll be your conference operator today.
Strong Cost Discipline Leads to All-In Sustaining Costs Beating the Low End of Guidance and Delivering Another Strong Quarter of Free Cash Flow (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , Feb. 19, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) reports fourth quarter and full year 2024 results. Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs4 of $1,239 per gold ounce.
New Gold (NGD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Provides Three-Year Operational Outlook and Files Updated Technical Reports for New Afton and Rainy River Mines (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , Feb. 12, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to provide its three-year operational outlook and announces the filing of Technical Reports for the New Afton and Rainy River mines. The Technical Reports were prepared in compliance with National Instrument 43-101 ("NI 43-101").
New Gold (NGD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
In the most recent trading session, New Gold (NGD) closed at $2.99, indicating no shift from the previous trading day.