#Canada #Toronto #New Gold Inc. #Rainy River Mine #New Afton Mine

New Gold Reports Strong Financial Results for Q3 2025

New Gold Inc. has announced impressive financial outcomes for the third quarter ending September 30, 2025, driven by notable performance from its Rainy River and New Afton operations. The company produced a total of 115,213 ounces of gold and 12 million pounds of copper, achieving a record cash flow from operations of $301 million and a free cash flow of $205 million. This marked a substantial increase compared to prior quarters, reinforcing New Gold's position as a profitable entity in the mining sector.

Record Production at Rainy River

The standout performer during this quarter was the Rainy River mine, where production soared to over 100,000 ounces of gold, representing a 63% increase from the previous quarter. The driving factor behind this was the successful extraction of higher-grade materials from the open pit, contributing to a 39% decrease in all-in sustaining costs to $1,043 per ounce. Besides, the operations' strong cash flow generation of $183 million further emphasizes Rainy River's robust operational efficiency.

New Afton’s Ongoing Excellence

At the New Afton mine, operations have continued to excel with a total production of 14,912 ounces of gold and 12 million pounds of copper. The B3 cave has been delivering spectacular results, averaging over 4,300 tonnes per day. With the completion of significant upgrades to the flotation cleaner circuit, New Afton is well-prepared for enhanced recovery rates as it moves towards full production capacity expected in 2026. Despite a slight decline in head grades as the cave nears exhaustion, New Afton’s overall performance remains solid.

Financial Strength and Debt Management

The financial health of New Gold is further underscored by its debt repayment strategy. The company repaid a total of $260 million in debt obligations during the quarter, including the early repayment of $150 million drawn on its credit facility. Such proactive debt management showcases New Gold’s commitment to maintaining a strong balance sheet while supporting its growth initiatives.

Updated Operational Guidance

Moving into Q4 2025, New Gold expects to align closely with its production guidance, projecting gold production in the range of 325,000 to 365,000 ounces for the year. Rainy River is anticipated to perform above the midpoint of its guidance range, and copper production is also expected to meet set targets. Overall, these positive operational forecasts reflect New Gold’s effective management and strategic positioning within the industry.

Conclusion

As New Gold continues to capitalize on the operational efficiencies achieved through both the Rainy River and New Afton mines, it remains on an upward trajectory. The successful extraction of higher-quality resources and the strong production numbers not only signify improved operational performance but also project a confident outlook for the remainder of the fiscal year. Investors can anticipate further positive developments as the company advances on its corporate objectives and operational growth initiatives.