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New Gold ( (TSE:NGD) ) has provided an announcement.
New Gold Inc. reported strong financial results for the fourth quarter and full year 2024, surpassing its guidance on all-in sustaining costs and achieving robust free cash flow. The company produced 298,303 ounces of gold at all-in sustaining costs of $1,239 per ounce, below the lower end of its guidance. Despite challenges late in the year, New Gold maintained solid cash flow while investing in growth projects that are expected to boost future production. The company increased its ownership interest in the New Afton project to 80.1% by repurchasing a stake from the Ontario Teachers’ Pension Plan.
More about New Gold
New Gold Inc. operates in the mining industry, focusing primarily on gold and copper production. The company is listed on the TSX and NYSE American and is committed to operational discipline and capital management to enhance its market position.
YTD Price Performance: 12.98%
Average Trading Volume: 10,159,550
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.34B
For an in-depth examination of NGD stock, go to TipRanks’ Stock Analysis page.
