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Image source: © 2025 Krish Capital Pty. Ltd.
Highlights
- New Gold generated revenue of USD 308.4 million in Q2 2025, up from USD 218.2 million in Q2 2024.
- The company reported record quarterly free cash flow of USD 63 million, including USD 45 million from Rainy River.
- Gold production totaled 78,595 ounces and copper output reached 13.5 million pounds in the quarter.
New Gold Inc. (TSX:NGD) announced its financial and operational results for the second quarter ended June 30, 2025. Revenue for the quarter reached USD 308.4 million, an increase from USD 218.2 million in the same quarter last year. The company reported net earnings of USD 68.6 million and adjusted net earnings of USD 89.8 million. Operating cash flow was USD 163 million, supporting a record quarterly free cash flow of USD 63 million.
At the Rainy River Mine, gold production totaled 61,604 ounces at all-in sustaining costs (AISC) of USD 1,696 per ounce on a by-product basis. The mine delivered a record USD 45 million in free cash flow in the quarter. Open pit mining and mill throughput rates remained consistent with plan, and June delivered a record 37,341 ounces of gold at 1.44 grams per tonne. Underground development advanced during the quarter, and the underground ventilation loop was completed in June.
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