Record Free Cash Flow
New Gold achieved a record quarterly free cash flow of $63 million, with Rainy River reporting a quarterly record of $45 million in free cash flow.
Strong Safety Performance
New Afton received three safety awards and Rainy River won the Thunder Bay District Mine Rescue Championship, highlighting the company's commitment to health and safety.
Increased Production and Improved Costs
Gold production totaled approximately 78,600 ounces, with all-in sustaining costs improving over the first quarter of 2025. New Afton's all-in sustaining cost was negative $537 per ounce due to copper credits.
Exploration Progress
Significant progress was made in exploration, with record activity at New Afton and advancements at Rainy River, including work on the Northwest trend open pit zone.
Strategic Acquisition
New Gold acquired the remaining 19.9% free cash flow interest at New Afton, consolidating its interest to 100%.