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New Gold
(TSX:NGD)
New Gold (NGD) vs. S&P 500 (SPY)
New Gold Business Overview & Revenue Model
New Gold Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 924.50M | 786.50M | 604.40M | 745.50M | 643.40M | Gross Profit |
| 240.70M | 336.10M | 78.10M | 172.50M | 110.40M | EBIT |
| 182.30M | 61.80M | -18.40M | 137.30M | 81.40M | EBITDA |
| 339.10M | 182.90M | 177.50M | 322.90M | 167.70M | Net Income Common Stockholders |
| 102.60M | -64.50M | -66.80M | 140.60M | -79.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 110.30M | 192.60M | 236.40M | 541.00M | 231.70M | Total Assets |
| 2.00B | 2.29B | 2.24B | 2.48B | 2.25B | Total Debt |
| 399.70M | 401.20M | 396.20M | 501.70M | 508.70M | Net Debt |
| 294.50M | 215.70M | 195.40M | 20.20M | 322.40M | Total Liabilities |
| 951.50M | 1.50B | 1.28B | 1.52B | 1.46B | Stockholders Equity |
| 1.05B | 789.20M | 959.50M | 955.90M | 789.30M |
| Cash Flow | Free Cash Flow | |||
| 121.70M | 21.70M | -102.20M | 76.40M | 10.60M | Operating Cash Flow |
| 392.80M | 287.60M | 190.70M | 323.70M | 294.80M | Investing Cash Flow |
| -263.40M | -234.00M | -281.90M | 57.40M | -173.20M | Financing Cash Flow |
| -207.80M | -68.60M | -185.00M | -86.50M | -21.90M |
New Gold Technical Analysis
New Gold Peers Comparison
New Gold Earnings Call Summary
New Gold Corporate Events
New Gold Inc. has announced its acquisition of the remaining 19.9% free cash flow interest in the New Afton Mine from Ontario Teachers’ Pension Plan, consolidating its ownership to 100%. This transaction, valued at $300 million, will be funded through cash on hand, borrowings, and a gold prepayment financing. The consolidation is expected to enhance New Gold’s financial performance by increasing its exposure to the mine’s cash flow, driven by anticipated production growth and cost improvements. The company also plans to invest in exploration activities to extend the mine’s life and increase its value. This strategic move is positioned to benefit shareholders by maximizing free cash flow without equity dilution.
Spark’s Take on TSE:NGD Stock
According to Spark, TipRanks’ AI Analyst, (TSE:NGD) is a Neutral.
New Gold demonstrates a promising financial recovery with improved profitability and strong cash flow management. Technical indicators suggest a stable underlying trend, although with some short-term caution. While the stock’s valuation is high, the optimistic earnings call guidance for increased production and reduced costs supports a positive growth outlook. This positions New Gold for potential future gains, though investors should be aware of the current high valuation and absence of dividends.
To see Spark’s full report on (TSE:NGD) stock, click here.
New Gold Inc. announced it will release its first quarter 2025 operational and financial results on April 29, 2025, followed by an earnings conference call and webcast on April 30, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.
New Gold Inc. has announced the mailing of its Management Information Circular for its upcoming annual general and special meeting of shareholders, scheduled for May 6, 2025. The meeting will be held virtually to ensure accessibility for all shareholders. Margaret Mulligan will be resigning from the Board of Directors, and the company has expressed gratitude for her significant contributions over the past seven years. Additionally, New Gold has filed its Annual Information Form and Annual Report on Form 40-F with the relevant regulatory authorities, making these documents available online and in hard copy upon request.
New Gold Inc. announced the expiration and results of its tender offer for its 7.50% Senior Notes due 2027, with 72.21% of the principal amount tendered. The company plans to use proceeds from a new issuance of 6.875% Senior Notes due 2032 to purchase the tendered notes, with settlement expected on March 18, 2025. This financial maneuver aims to optimize New Gold’s debt structure and potentially improve its financial standing, although there is no assurance that untendered notes will be redeemed.
New Gold Inc. has appointed Travis Murphy as Vice President of Operations, effective March 24, 2025. Murphy, a seasoned mining professional with over 18 years of experience, is expected to enhance New Gold’s operational leadership with his strategic planning and values-based leadership. His previous roles at Newmont and Pretivm Resources, along with his commitment to safety, align with New Gold’s objectives of delivering safe production and achieving free cash flow goals.
New Gold Inc. has announced the pricing of a $400 million offering of 6.875% Senior Notes due in 2032. The net proceeds from this offering, along with cash on hand, will be used to fund the purchase of its outstanding 7.50% senior notes due in 2027. This financial maneuver is part of a tender offer to purchase any and all of the existing notes, which is contingent upon the successful completion of the new notes offering. This strategic move is expected to optimize New Gold’s debt structure and potentially improve its financial flexibility, which could have positive implications for its stakeholders and market positioning.
New Gold Inc. has announced a $400 million senior notes offering to fund a tender offer for its outstanding 7.50% senior notes due 2027. The proceeds will be used to purchase existing notes and cover related expenses, with any remaining funds used to redeem outstanding notes. This financial maneuver is part of New Gold’s strategy to manage its debt obligations and strengthen its financial position, potentially impacting its market standing and providing reassurance to stakeholders.
New Gold Inc. has announced a cash tender offer to purchase any and all of its outstanding 7.50% senior notes due 2027. This move is part of a broader financial strategy that includes a potential redemption of untendered notes and a contemporaneous notes offering to fund the tender offer and related expenses. The tender offer is set to expire on March 13, 2025, with settlement expected shortly thereafter. This initiative may impact the company’s financial structure and stakeholder interests, depending on the success of the notes offering and the tender offer’s outcome.
New Gold Inc. reported strong financial results for the fourth quarter and full year 2024, surpassing its guidance on all-in sustaining costs and achieving robust free cash flow. The company produced 298,303 ounces of gold at all-in sustaining costs of $1,239 per ounce, below the lower end of its guidance. Despite challenges late in the year, New Gold maintained solid cash flow while investing in growth projects that are expected to boost future production. The company increased its ownership interest in the New Afton project to 80.1% by repurchasing a stake from the Ontario Teachers’ Pension Plan.
New Gold Inc. has announced mine life extensions for its New Afton and Rainy River mines, projecting strong free cash flow over the next three years. The company has increased its mineral reserves, particularly at New Afton, with significant improvements in both copper and gold reserves without additional capital costs. The expansion at Rainy River is set to extend the open pit mine life, ensuring continuous mill operations until 2029. These developments are expected to increase production, reduce costs, and support long-term growth opportunities, thereby strengthening New Gold’s market position.
New Gold Inc. announced a senior management change as Yohann Bouchard, Executive Vice President and Chief Operating Officer, has departed the company effective January 31, 2025. This transition is seen as an opportunity for new operational leadership, with President & CEO Patrick Godin expressing excitement about presenting the company’s operational outlook and updated technical reports, which will highlight the company’s ability to maximize free cash flow generation in the upcoming years.