New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River gold-silver mine located in Ontario, Canada; and New Afton gold-copper mine located in British Columbia, Canada. It also operates the Cerro San Pedro gold-silver mine in San Luis PotosÃ, Mexico. The company is headquartered in Toronto, Canada.
IPO Year:
Exchange: AMEX
Website: newgold.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2025 | $2.60 → $3.90 | Underperform → Buy | BofA Securities |
| 5/31/2024 | Outperform | BMO Capital Markets | |
| 5/21/2024 | Sell → Hold | TD Securities | |
| 5/21/2024 | Sector Perform → Sector Outperform | Scotiabank | |
| 3/3/2023 | $1.25 | Sector Perform | Scotiabank |
| 12/6/2022 | Hold → Reduce | TD Securities | |
| 10/3/2022 | $1.00 → $1.25 | Sector Perform → Outperform | RBC Capital Mkts |
| 1/18/2022 | Buy → Hold | Canaccord Genuity | |
| 1/18/2022 | $2.85 → $2.25 | Buy → Hold | Canaccord Genuity |
| 9/8/2021 | $1.75 → $1.50 | Underperform → Sector Perform | RBC Capital |
Strong Cost Discipline Leads to All-In Sustaining Costs Beating the Low End of Guidance and Delivering Another Strong Quarter of Free Cash Flow (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, Feb. 19, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports fourth quarter and full year 2024 results. Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs4 of $1,239 per gold ounce. Another quarter of strong cost performance leads full-year 2024 all-in sustaining costs to beat the low end of the guidance range and deliver strong quarterly cash flow from operations of $110 million and free cash flow of $22 mill
Provides Three-Year Operational Outlook and Files Updated Technical Reports for New Afton and Rainy River Mines (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, Feb. 12, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to provide its three-year operational outlook and announces the filing of Technical Reports for the New Afton and Rainy River mines. The Technical Reports were prepared in compliance with National Instrument 43-101 ("NI 43-101"). The Company is also providing its updated Mineral Reserve and Mineral Resource Statement as of December 31, 2024. The Technical Reports are available on SEDAR+ at www.sedarplus.com a
Upcoming Catalysts to Showcase Significant Near-Term Free Cash Flow Generation TORONTO, Jan. 9, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports fourth quarter and full year operational results for the Company as of December 31, 2024. The Company is providing notice that it will release its operational outlook, technical report summaries for Rainy River and New Afton, and updated Mineral Reserve and Mineral Resource Statement for the Company as of December 31, 2024 after market close on Wednesday, February 12, 2025. A conference ca
Strong All-in Sustaining Costs Drive Increasing Margins and Record Free Cash Flow Generation, Provides 2024 Operational Outlook Update (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, Oct. 29, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports third quarter results for the Company as of September 30, 2024. Third quarter 2024 production was 78,369 gold ounces and 12.6 million pounds of copper, at operating expenses of $1,021 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,195 per gold ounce sold (by-product basis). The strong cost performance allows the Company to leverage higher metal prices, result
TORONTO, Oct. 2, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is providing notice that it will release its third quarter 2024 operational and financial results after market close on Tuesday, October 29, 2024. The Company will host its third quarter 2024 earnings conference call and webcast on Wednesday, October 30, 2024 at 8:30 am Eastern Time. Third Quarter 2024 Conference Call and Webcast Participants may listen to the webcast by registering on our website at www.newgold.com or via the following linkhttps://app.webinar.net/xPwpa23nj6BParticipants may also listen to the conference call by calling North American toll free 1-888-510-2154, or 1-437-900-
TORONTO, ON / ACCESSWIRE / August 21, 2024 / Star Royalties Ltd. (" Star Royalties ", or the " Company ") (TSXV:STRR)(OTCQX:STRFF) is pleased to report its financial results for the quarter ended June 30, 2024. All amounts are in U.S. dollars, unless otherwise indicated.Q2 2024 Financial and Corporate HighlightsQuarterly revenues of $266,306 represented a 42% increase over the prior-year period due to higher sales volumes at Keysbrook.Green Star Royalties Ltd. (" Green Star ") expanded its North American nature-based investment portfolio by acquiring several U.S. Improved Forest Management (" IFM ") carbon offset royalties for $5.6 million. Green Star received its first carbon offset deliver
Company Enters Sustained Free Cash Flow Generation Period (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, July 30, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports second quarter results for the Company as of June 30, 2024. Second quarter 2024 production was 68,598 gold ounces and 13.6 million pounds of copper as planned, at an operating expense of $1,156 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,381 per gold ounce sold (by-product basis). Delivering the second quarter as planned resulted in strong cash flow from operations of $100 million and free cash flow1 of $20 million. The Company was fr
TORONTO, July 9, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is providing notice that it will release its second quarter 2024 operational and financial results after market close on Tuesday, July 30, 2024. The Company will host its second quarter 2024 earnings conference call and webcast on Wednesday, July 31, 2024 at 8:30 am Eastern Time. Second Quarter 2024 Conference Call and Webcast Participants may listen to the webcast by registering on our website at www.newgold.com or via the following link https://app.webinar.net/ZEQL5OjmYVPParticipants may also listen to the conference call by calling North American toll free 1-888-664-6383, or 1-416-764-86
TORONTO, ON / ACCESSWIRE / May 29, 2024 / Star Royalties Ltd. ("Star Royalties", or the "Company") (TSXV:STRR)(OTCQX:STRFF) is pleased to report its financial results for the quarter ended March 31, 2024. All amounts are in U.S. dollars, unless otherwise indicated.Q1 2024 Financial and Corporate HighlightsQuarterly revenues of $275,395 were in line with the prior-year period as improved sales volumes at Keysbrook offset lower royalty revenues from Elk Gold.Expanded Green Star Royalties Ltd.'s ("Green Star") North American nature-based investments by acquiring a portfolio of U.S. forest carbon offset royalties for $5.6 million, thereby receiving first carbon offset delivery. Carbon offset mar
Annual Guidance Tracking to Plan, Growth Projects Make Meaningful Strides Towards Completion (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, April 30, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports first quarter 2024 results. First quarter 2024 production totaled 70,898 gold ounces and 13.3 million pounds of copper as planned at an operating expense of $1,106 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,396 per gold ounce sold (by-product basis). Another solid quarterly performance that delivered on plan, as the Company approaches a sustained free cash flow generation period, expected to commenc
BofA Securities upgraded New Gold from Underperform to Buy and set a new price target of $3.90 from $2.60 previously
BMO Capital Markets resumed coverage of New Gold with a rating of Outperform
TD Securities upgraded New Gold from Sell to Hold
Scotiabank upgraded New Gold from Sector Perform to Sector Outperform
Scotiabank resumed coverage of New Gold with a rating of Sector Perform and set a new price target of $1.25
TD Securities downgraded New Gold from Hold to Reduce
RBC Capital Mkts upgraded New Gold from Sector Perform to Outperform and set a new price target of $1.25 from $1.00 previously
Canaccord Genuity downgraded New Gold from Buy to Hold
Canaccord Genuity downgraded New Gold from Buy to Hold and set a new price target of $2.25 from $2.85 previously
RBC Capital upgraded New Gold from Underperform to Sector Perform and set a new price target of $1.50 from $1.75 previously
TORONTO, March 31, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American: NGD) announces the mailing of its Management Information Circular (the "Circular") for the Company's annual general and special meeting of shareholders being held on Tuesday, May 6, 2025 at 4:00 pm Eastern Time (the "Meeting"). New Gold is using the notice and access process adopted by the Canadian securities regulators for the delivery of the Circular. The Circular has also been posted on New Gold's website and filed on SEDAR+ (www.sedarplus.ca) and EDGAR (http://www.sec.gov/edgar). Margaret (Peggy) Mulligan will not be standing for re-election at the Meeting and has advised the Com
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO, March 14, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American: NGD) announced today that the tender offer (the "Tender Offer") commenced on March 4, 2025 to purchase any and all of its outstanding 7.50% Senior Notes due 2027 (the "Notes") expired at 5:00 p.m. New York City Time on March 13, 2025 (the "Expiration Time"). According to D.F. King & Co., Inc., the tender agent for the offer, valid tenders had been received at the expiration of the offer in the amount and percentage set forth in the table below. Title of Security CUSIP Numbers Principal Amount Outstanding Principal Amount Te
Appoints Travis Murphy as Vice President, Operations TORONTO, March 11, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce the appointment of Travis Murphy as Vice President, Operations, effective March 24, 2025. Mr. Murphy is a registered professional geologist and experienced mining professional with over 18 years of industry experience, overseeing mining and planning activities and was most recently the Principal Advisor – Productivity (North America) for Newmont Corporation ("Newmont"). Prior to that, Mr. Murphy held
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO, March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) today announced the pricing of its previously announced offering of $400 million aggregate principal amount of 6.875% Senior Notes due 2032 (the "Notes"). The offering is expected to close on or about March 18, 2025, subject to customary closing conditions. New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the purchase of any and all of its outstanding 7.50% senior notes due 2027 (the "Existing Notes") and to pay related fees and expenses. New Gold intends to use the rema
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO, March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding senior notes (the "Notes") listed in the following table upon the terms and conditions described in New Gold's Offer to Purchase, dated March 4, 2025 (the "Offer to Purchase"). Title of Security CUSIP Numbers Principal Amount Outstanding Purchase Price per $1,000 of Notes (1) 7.50% Senior Notes due 2027 644535 AH9 (Rule 144A) / C62944 AD2 (Regulation S) $400,000,000 $1,008.00 (1) Holders whose Notes are purcha
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO, March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) today announced that it has commenced an offering of $400 million aggregate principal amount of Senior Notes (the "Notes"). New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the purchase of any and all of its outstanding 7.50% senior notes due 2027 (the "Existing Notes") and to pay related fees and expenses. New Gold intends to use the remainder of the net proceeds, if any, to redeem any Existing Notes remaining outstanding following the Tender Offer (as defined below) at
Strong Cost Discipline Leads to All-In Sustaining Costs Beating the Low End of Guidance and Delivering Another Strong Quarter of Free Cash Flow (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, Feb. 19, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports fourth quarter and full year 2024 results. Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs4 of $1,239 per gold ounce. Another quarter of strong cost performance leads full-year 2024 all-in sustaining costs to beat the low end of the guidance range and deliver strong quarterly cash flow from operations of $110 million and free cash flow of $22 mill
Provides Three-Year Operational Outlook and Files Updated Technical Reports for New Afton and Rainy River Mines (All amounts are in U.S. dollars unless otherwise indicated) TORONTO, Feb. 12, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to provide its three-year operational outlook and announces the filing of Technical Reports for the New Afton and Rainy River mines. The Technical Reports were prepared in compliance with National Instrument 43-101 ("NI 43-101"). The Company is also providing its updated Mineral Reserve and Mineral Resource Statement as of December 31, 2024. The Technical Reports are available on SEDAR+ at www.sedarplus.com a
TORONTO, Feb. 3, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) wishes to advise that Mr. Yohann Bouchard and the Company have mutually decided to part ways. Mr. Bouchard's last day as Executive Vice President and Chief Operating Officer was January 31, 2025. New Gold thanks Mr. Bouchard for his contribution and wishes him well with his future endeavors. "I thank Yohann for his contribution to New Gold during his tenure," stated Patrick Godin, President & CEO. "Since joining the Company in April 2023, we achieved significant milestones a
Upcoming Catalysts to Showcase Significant Near-Term Free Cash Flow Generation TORONTO, Jan. 9, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) reports fourth quarter and full year operational results for the Company as of December 31, 2024. The Company is providing notice that it will release its operational outlook, technical report summaries for Rainy River and New Afton, and updated Mineral Reserve and Mineral Resource Statement for the Company as of December 31, 2024 after market close on Wednesday, February 12, 2025. A conference ca
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TORONTO, March 31, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American: NGD) announces the mailing of its Management Information Circular (the "Circular") for the Company's annual general and special meeting of shareholders being held on Tuesday, May 6, 2025 at 4:00 pm Eastern Time (the "Meeting"). New Gold is using the notice and access process adopted by the Canadian securities regulators for the delivery of the Circular. The Circular has also been posted on New Gold's website and filed on SEDAR+ (www.sedarplus.ca) and EDGAR (http://www.sec.gov/edgar). Margaret (Peggy) Mulligan will not be standing for re-election at the Meeting and has advised the Com
Appoints Travis Murphy as Vice President, Operations TORONTO, March 11, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce the appointment of Travis Murphy as Vice President, Operations, effective March 24, 2025. Mr. Murphy is a registered professional geologist and experienced mining professional with over 18 years of industry experience, overseeing mining and planning activities and was most recently the Principal Advisor – Productivity (North America) for Newmont Corporation ("Newmont"). Prior to that, Mr. Murphy held
TORONTO, July 31, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce that Richard O'Brien has been appointed as Chair of the Board effective August 1, 2024. Mr. O'Brien was appointed to the Board of Directors on March 25, 2024, where it was announced that he was expected to transition into the Chair role. As previously disclosed, Ian Pearce will retire from the Board of Directors effective August 1, 2024. "On behalf of the Board and New Gold, I would like to express my gratitude to Ian not only for his eight years of dedication and commitment to the Board of Directors, but also for his assistance during this transition period over the
TORONTO, July 29, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce that Christian Milau has been appointed to its Board of Directors (the "Board") effective immediately. Christian brings over 25 years of experience in finance, capital markets and mining. He is a mining executive with experience leading growth-oriented exploration, development, and operating mining companies with a focus on gold and copper. His mining experience includes Chief Executive Officer of Equinox Gold from 2016 to 2022, leading the company through five mergers and acquisitions and growing from a single-asset developer to a multi-mine producer with eight oper
TORONTO, May 15, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) today announces the voting results from the election of its Board of Directors at New Gold's Annual General Meeting of Shareholders (the "Meeting") held on May 14, 2024, as set out below. Election of DirectorsDirector Nominee Votes For % For Votes Withheld % Withheld Patrick Godin 361,329,329 99.53 % 1,717,797 0.47 % Nicholas Chirekos 290,253,990 79.95 % 72,793,135 20.05 % Gillian Davidson 341,491,337 94.06 % 21,555,788 5.94 % Thomas McCulley 361,301,870 99.52 % 1,745,255 0.4
Ian Pearce to retire August 1st, 2024 and Mr. O'Brien to transition to Chair of the Board TORONTO, March 25, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce that Richard O'Brien has been appointed to its Board of Directors (the "Board") effective immediately and will stand for election by shareholders at New Gold's Annual General Meeting on May 14, 2024 (the "AGM"). Ian Pearce has informed the Board that he will retire from the Board on August 1, 2024. Following the AGM, it is expected that the Board will appoint Mr. O'Brien as Chair upon Mr. Pearce's retirement from the Board. Mr. Pearce will assist Mr. O'Brien in transitioning i
TORONTO, Nov. 30, 2023 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce the promotion of Keith Murphy to Executive Vice President and Chief Financial Officer, effective January 2, 2024. Mr. Murphy will be succeeding Rob Chausse, who will be retiring at the end of 2023, as previously announced this year. Keith Murphy is a Chartered Accountant and an executive with over 15 years of experience in finance, primarily within the mining industry. Mr. Murphy joined the Company in 2013 and was promoted to Vice President, Finance in April 2023. Since joining the Company, he has held key responsibilities in the areas of financial reporting, taxatio
TORONTO, May 9, 2023 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) today announces the voting results from the election of its Board of Directors at New Gold's Annual General and Special Meeting of Shareholders (the "Meeting") held on May 9, 2023, as set out below. Setting the size of the Board of Directors Votes For Votes Against Votes For Votes Against 376,508,298 1,129,362 99.70 % 0.30 % Election of Directors Director Nominee Votes For % For Votes Withheld % Withheld Geoffrey Chater 374,964,364 99.29 % 2,673,297 0.71 % Nicholas Chirekos 369,715,920 97.90 % 7,921,741 2.10 % Gillian Davidson 371,400,854 98.35 % 6,236,806 1.65 % Patrick Godin 375,353,392 99
New Gold appoints Yohann Bouchard as Executive Vice President and Chief Operating Officer and promotes Ankit Shah to Executive Vice President, Strategy and Business Development TORONTO, April 11, 2023 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) is pleased to announce the appointment of Yohann Bouchard as Executive Vice President and Chief Operating Officer, and the promotion of Ankit Shah to Executive Vice President, Strategy and Business Development. New Gold also announces the appointment of Luke Buchanan as Vice President, Technical Services and Jean-François Ravenelle as Vice President, Geology. "I am very pleased to have Yohann join our team. He brin
TORONTO, Nov. 23, 2022 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE:NGD) has appointed Patrick Godin as its new President and Chief Executive Officer, effective immediately. Mr. Godin succeeds Renaud Adams, who has served as CEO since September 2018. Mr. Godin has been New Gold's Executive Vice President and Chief Operating Officer since his appointment in May 2022. Mr. Godin has more than 30 years of technical and operations experience in the mining industry, with a focus on mine development and operations. Prior to his role with the Company, Mr. Godin worked in various executive roles in the mining sector, including as President and Chief Executive Officer of Storno
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