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New Gold Hits Planned Production, Enters Free Cash Flow Era
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New Gold Hits Planned Production, Enters Free Cash Flow Era

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New Gold (TSE:NGD) has released an update.

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New Gold Inc. has reported a robust second quarter for 2024, achieving planned gold and copper production levels, resulting in a substantial $100 million cash flow from operations and marking the start of a sustained period of free cash flow generation. The company’s operations have positioned it well to meet annual production guidance, with an expected increase in production and reduction in costs for the second half of the year.

For further insights into TSE:NGD stock, check out TipRanks’ Stock Analysis page.

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