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The latest update is out from New Gold ( (TSE:NGD) ).
New Gold Inc. reported its highest production quarter for 2024, with significant achievements at its New Afton and Rainy River mines. New Afton exceeded its gold production guidance, despite Rainy River facing operational challenges in December. The company plans to release updated technical reports to demonstrate its strategies for increased production and cost efficiency. Overall, New Gold’s 2024 gold production was slightly below its updated guidance, while copper production met expectations, with costs expected to be at the low end of the guidance range.
More about New Gold
New Gold Inc. operates in the mining industry, focusing on gold and copper production. The company is involved in the extraction and processing of mineral resources, with key projects including the Rainy River and New Afton mines.
YTD Price Performance: 4.58%
Average Trading Volume: 8,693,737
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.15B
See more insights into NGD stock on TipRanks’ Stock Analysis page.
