The earnings call highlights significant achievements in safety, production, and financial performance, with a record in free cash flow and positive developments at New Afton and Rainy River. However, there were challenges, such as a production delay at Rainy River and financial adjustments related to debt and credit facilities.

Company Guidance -

Q3 2025

During New Gold's Second Quarter 2025 earnings call, the company provided detailed guidance and performance metrics. They reported a production of approximately 78,600 ounces of gold and 13.5 million pounds of copper, with an all-in sustaining cost of $1,393 per ounce. The gold production for the first half of the year was about 38% of the midpoint of their annual guidance range of 325,000 to 365,000 ounces. The company generated over $163 million in cash flow from operations and a record $63 million in free cash flow. Specifically, the Rainy River Mine achieved a quarterly record of $45 million in free cash flow. New Afton's C-Zone cave construction is 65% complete, with a target processing rate of 16,000 tonnes per day by early 2026. Additionally, New Gold completed the acquisition of the remaining 19.9% interest at New Afton, consolidating their ownership to 100%. The company expects substantial growth in gold and copper production over the next three years, projecting $1.86 billion in free cash flow at current commodity prices.

Safety Achievements

New Afton received three safety awards, including British Columbia's Mine Safety Innovation Award, and Rainy River Mine won Thunder Bay District Mine Rescue Championship.

Gold and Copper Production

Produced approximately 78,600 ounces of gold and 13.5 million pounds of copper at an all-in sustaining cost of $1,393 per ounce, aligning with production guidance.

Record Free Cash Flow

Achieved a record $63 million in free cash flow, with Rainy River reporting a quarterly record of $45 million in free cash flow.

New Afton and Rainy River Developments

Significant progress in C-Zone cave construction at New Afton and completion of pit portal breakthrough and ventilation loop at Rainy River.

Financial Performance

Second quarter revenue of $308 million, higher than the prior year due to higher gold prices and sales. Net earnings were approximately $68 million or $0.09 per share.

New Gold (TSE:NGD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:NGD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	0.24 / -	0.11	―	―	―
Jul 28, 2025	2025 (Q2)	0.14 / 0.15	0.028	450.00% (+0.12)
Apr 29, 2025	2025 (Q1)	0.02 / 0.03	0.028	0.00% (0.00)
Feb 19, 2025	2024 (Q4)	0.08 / 0.10	-0.014	800.00% (+0.11)
Oct 29, 2024	2024 (Q3)	0.06 / 0.11	0.041	166.67% (+0.07)
Jul 30, 2024	2024 (Q2)	0.02 / 0.03	0.028	0.00% (0.00)
Apr 30, 2024	2024 (Q1)	>-0.01 / 0.03	0.041	-33.33% (-0.01)
Feb 13, 2024	2023 (Q4)	0.03 / -0.01	-0.014	0.00% (0.00)
Oct 25, 2023	2023 (Q3)	0.03 / 0.04	-0.028	250.00% (+0.07)
Jul 26, 2023	2023 (Q2)	0.02 / 0.03	-0.028	200.00% (+0.06)

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

TSE:NGD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	C$6.05	C$5.69	-5.95%
Apr 29, 2025	C$4.60	C$5.49	+19.35%
Feb 19, 2025	C$4.12	C$4.28	+3.88%
Oct 29, 2024	C$4.05	C$3.97	-1.98%

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.

FAQ

When does New Gold (TSE:NGD) report earnings?

New Gold (TSE:NGD) is schdueled to report earning on Nov 07, 2025, Before Open (Confirmed).

What is New Gold (TSE:NGD) earnings time?

New Gold (TSE:NGD) earnings time is at Nov 07, 2025, Before Open (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 TSE:NGD EPS forecast?

TSE:NGD EPS forecast for the fiscal quarter 2025 (Q3) is 0.24.

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