New Gold sees strong free cash flow over three years, with output up and costs down [Seeking Alpha]
New Gold Inc. (NGD)
NASDAQ:AMEX Investor Relations:
newgold.com/investors
Company Research
Source: Seeking Alpha
The miner sees gold production rising by ~35% from 2023 to 410K-460K oz in 2026, driven by increasing production profiles at both Rainy River and New Afton, and copper production jumping ~60% from 2023 to 71M-81M lbs in 2026 driven by the steady ramp-up of C-Zone. All-in sustaining costs are expected to decrease by more than 50% compared to the 2023 guidance midpoint to $650-$750/oz in 2026, driven by higher production at both operations, significant reduction in total capital, and lower operating costs. For 2024, New Gold ( NGD ) guided for consolidated gold production of 310K-350K oz, compared to 321,178 oz in 2023, with output expected to strengthen in the second half of the year, and copper production rising 16% Y/Y to 50M-60M lbs, with all-in sustaining costs seen declining ~10% from the 2023 guidance midpoint to $1,240-$1,340/oz. "Looking beyond our three-year guidance, the company has a strategic objective of targeting a sustainable production platform of ~600K gold equi
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NGD
News
- New Gold Inc. (AMEX:NGD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- New Gold First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- New Gold Inc. (NYSE: NGD) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- New Gold (NGD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Gold House Announces 2024 A100 Honoring the Most Impactful Asian Pacific Leaders [Yahoo! Finance]Yahoo! Finance
NGD
Earnings
- 4/30/24 - Beat
NGD
Sec Filings
- 5/1/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/4/24 - Form 6-K
- NGD's page on the SEC website