New Gold Inc. (AMEX: NGD, TSX: NGD) Q2 2025 Earnings | 07/28/2025

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New Gold Inc. delivered a robust second quarter in 2025, beating earnings expectations and demonstrating strong operational momentum, even as revenue narrowly missed analyst forecasts. The company reported revenue of $308.4 million, up 41% year-over-year but coming in slightly below the $321.9 million consensus estimate. Net income rose to $68.6 million (or $0.09 per diluted share) from $53.1 million ($0.07 per share) a year ago. On an adjusted basis, earnings totaled $89.8 million, or $0.11 per share—exceeding the $0.10 analyst average, representing a 10% positive earnings surprise. Operationally, New Gold produced 78,600 ounces of gold and 13.5 million pounds of copper during the quarter. The Rainy River mine was a particular highlight, with record monthly production in June and significant free cash flow generation. Consolidated all-in sustaining costs were $1,393 per gold ounce (by-product basis), in line with last year and a substantial improvement over Q1 2025. The company generated record quarterly free cash flow of $63 million and ended Q2 with $226 million in cash and a total liquidity position of $452 million. Management reaffirmed its 2025 production and cost guidance, citing ongoing ramp-up at both Rainy River and New Afton. Strategic capital allocation continued, including the redemption of $111 million in 2027 senior notes and the draw of $150 million from the credit facility to fund key growth projects and a gold prepayment arrangement. The company stands poised for further operational and financial gains through the year, emphasizing continued production growth, cost discipline, and increased exploration efforts at core assets. Management also anticipates that sustained performance and commodity prices could result in significant free cash flow—translating to $1.86 billion over the next three years at current consensus prices, with even higher potential at spot rates. About Inside Ticker: For more expert analysis and real-time updates on New Gold Inc. (AMEX: NGD, TSX: NGD) and other market movers, follow Inside Ticker and visit http://www.insideticker.com/ for in-depth reports, financial insights, and the latest news on leading companies. #NewGold #NGD #Q22025 #Earnings #FinancialResults #GoldProduction #CopperProduction #RainyRiver #NewAfton #NetIncome #RevenueGrowth #FreeCashFlow #AllInSustainingCosts #OperationalExcellence #Exploration #Liquidity #Mining #StockMarket #InsideTicker #Guidance #ProductionGrowth #2025Outlook #CapitalDiscipline #StrategicGrowth