New Gold Inc ( (NGD) ) has released its Q2 earnings. Here is a breakdown of the information New Gold Inc presented to its investors.
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New Gold Inc., a Canadian-focused intermediate mining company, operates two core producing assets in Canada: the New Afton copper-gold mine and the Rainy River gold mine. The company aims to be a leading intermediate gold and copper producer through responsible and profitable mining.
In its second quarter of 2025, New Gold Inc. reported significant financial growth, driven by increased production and strong cash flow generation. The company achieved record free cash flow, with the Rainy River mine contributing significantly to this milestone. The company remains on track to meet its annual production guidance.
Key financial highlights include a consolidated production of 78,595 ounces of gold and 13.5 million pounds of copper. The New Afton mine exceeded expectations with higher-than-expected head grades, while the Rainy River mine achieved record production in June. The company also completed significant exploration activities, particularly at New Afton, to support future growth.
Looking ahead, New Gold Inc. is positioned for a stronger second half of 2025, with expectations of increased production and continued exploration success. The company’s strategic initiatives and operational improvements are expected to drive further growth and value for shareholders.