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

New Gold Achieves Production Targets for 2025

New Gold Inc., a prominent player in the Canadian mining sector, has announced impressive fourth-quarter and full-year operational results for 2025, achieving its strategic production goals. This success was highlighted by a robust consolidated output of 353,772 ounces of gold and 50.1 million pounds of copper, meeting the target ranges set previously. In light of these accomplishments, the company recorded a remarkable free cash flow exceeding $532 million, further solidifying its status in the industry.

Fourth Quarter Highlights

In the last quarter of 2025, New Gold reported a production of 107,778 ounces of gold and 11.0 million pounds of copper. This strong performance led to free cash flow of $240 million for the quarter, resulting from effective operational management and investments.

Patrick Godin, the President and CEO of New Gold, emphasized the company's commitment to safety alongside its operational achievements. The total recordable injury frequency rate (TRIFR) was recorded at 0.65, which represents a 10% year-over-year decline, marking the lowest rate in the company’s history. This indicates a sustained focus on health and safety in mining operations.

Operational Growth Initiatives

The fourth quarter was marked not only by production achievements but also by significant progress in growth initiatives. The ongoing construction of the new C-Zone cave at the New Afton Mine is expected to be completed by early 2026, while development rates at the Rainy River underground operations saw a notable 45% increase compared to the previous quarter. These initiatives are part of New Gold's strategy to ramp up production and enhance operational efficiency.

The company’s exploration strategies were equally robust, with a budget that increased throughout the year, reaching $38 million and involving over 126,000 metres drilled. This investment reflects the company’s commitment to expanding its resources and optimizing production capabilities.

Full Year Financial Overview

For the entirety of 2025, New Gold’s financial performance was impressive, with cash generated from operations totaling $898 million. Operational investments for the year were substantial, exceeding $310 million and demonstrating the company's focus on long-term growth and profitability. This strategic approach has positioned New Gold favorably for sustained success in 2026 and beyond.

Notably, the New Afton Mine alone produced 63,536 ounces of gold and 50.1 million pounds of copper throughout the year, meeting its production guidance with potential for further optimization in the coming years. Similarly, the Rainy River Mine performed admirably, achieving production numbers at the top end of its guidance range, marking significant contributions to New Gold's overall output.

Overall, with its commitment to operational excellence, safety, and strategic investments, New Gold is poised to continue its positive trajectory. Looking forward, the company has set its sights on maintaining its leadership in the mining sector, with expectations for another strong year in 2026.

Visit New Gold's official site for more information on their operational and financial performance, and to stay updated on their exciting growth initiatives.