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New Gold (NGD)
:NGD
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 4.51%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant achievements in cost management, project milestones, and financial performance. While there were some production challenges, the overall sentiment remains optimistic due to future growth projections and cost reductions.Company Guidance
During the New Gold's Fourth Quarter and Full Year 2024 Earnings Call, the company reported significant accomplishments and provided guidance for 2025. New Gold achieved close to 300,000 ounces of gold and 54 million pounds of copper production at an all-in sustaining cost of $1,239 per ounce, beating the low end of their guidance range. The company generated over $390 million in cash flow from operations and $85 million in free cash flow. Key project milestones included achieving commercial production at New Afton's C-Zone and mining the first development ore from Rainy River's underground Main Zone. Updated technical reports extended mine lives and increased net asset value. Looking forward, New Gold expects to increase gold production to a midpoint of 410,000 ounces by 2027, with copper production rising to 405 million pounds. By 2027, they anticipate reducing all-in sustaining costs to $400-$500 per gold ounce, projecting over $1.7 billion in free cash flow within three years. The company plans to maintain exploration momentum and manage capital expenditures efficiently, setting up for sustained free cash flow generation.Achievement of Key Project Milestones
At New Afton, commercial production at C-Zone was achieved, and the crusher and conveyor systems were commissioned. Rainy River mined the first development ore from the underground Main Zone, all on budget and ahead of schedule.
Strong Financial Performance
The company reported cash flow from operations of over $390 million and free cash flow of $85 million. Fourth quarter revenue was a record $262 million, with net earnings of $55 million.
Improvement in Cost Management
Consolidated all-in sustaining costs for the quarter were $1,018 per ounce, a decrease of 15% from the third quarter, with New Afton achieving an all-in sustaining cost of negative $540 per ounce after considering copper credits.
Projected Growth and Cost Reduction
Gold production is expected to increase by 30% over three years, and copper production is expected to increase by 90%. The consolidated all-in sustaining cost is expected to decrease by 64% by 2027.
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NGD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NGD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $2.88 | $3.01 | +4.51% |
| Oct 29, 2024 | $2.91 | $2.85 | -2.06% |
| Jul 30, 2024 | $2.06 | $2.31 | +12.14% |
| Apr 30, 2024 | $1.74 | $1.89 | +8.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Gold (NGD) report earnings?
New Gold (NGD) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is New Gold (NGD) earnings time?
New Gold (NGD) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NGD EPS forecast?
NGD EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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