New Gold Inc. Reports Record Production and Cash Flow

New Gold Inc ( (NGD) ) has released its Q3 earnings. Here is a breakdown of the information New Gold Inc presented to its investors.

New Gold Inc. is a Canadian-focused intermediate mining company that operates the New Afton copper-gold mine and the Rainy River gold mine. The company is committed to responsible and profitable mining practices for its shareholders and stakeholders.

In the third quarter of 2025, New Gold Inc. reported record production and free cash flow, driven by strong performances at its Rainy River and New Afton mines. The company achieved a significant increase in gold production, with Rainy River contributing over 100,000 ounces, marking a 63% increase from the previous quarter. This robust performance resulted in a record free cash flow of $205 million for the quarter.

Key financial highlights include a total gold production of 115,213 ounces and 12 million pounds of copper, with all-in sustaining costs of $966 per gold ounce sold. The company also reported a substantial improvement in its financial position by repaying $260 million in debt obligations, including the full $150 million drawn on its credit facility ahead of schedule. Revenue for the quarter increased significantly due to higher gold and copper prices and sales volumes.

Looking ahead, New Gold Inc. remains on track to meet its annual production guidance for both gold and copper. The company anticipates continued strong performance from its assets, with the New Afton C-Zone expected to ramp up production in 2026. Rainy River’s operations are also projected to deliver significant free cash flow in the coming years, positioning the company well for future growth.

Overall, New Gold Inc.’s third-quarter results demonstrate its ability to generate strong cash flow and advance its corporate objectives, ensuring a solid foundation for achieving its long-term strategic goals.