New Gold Inc. Q2 2025 Earnings Recap

New Gold reported strong second-quarter results with gold production of 78,600 ounces and a record free cash flow of $63 million, demonstrating successful execution of its growth initiatives.

Key Takeaways

• Achieved a total recordable injury frequency rate of 0.82, reflecting robust safety performance.
• Generated $163 million in cash flow from operations, driven by effective operational management.
• New Afton produced lower-cost gold with all-in sustaining costs at negative $537 per ounce, benefiting from copper credits.
• Significant progress on C-Zone cave construction, now 65% complete, bolstering future production capacity.
• Ongoing exploration initiatives show promising activity at both New Afton and Rainy River, with updates expected in September.