Q4 and Full Year 2024 Earnings Call and Webcast February 20, 2025 Cautionary Notes All amounts in U.S. Dollars unless otherwise stated Cautionary note regarding forward-looking statements Certain information contained in this presentation, including any information relating to New Gold's future financial or operating performance are "forward-looking". All statements in this presentation, other than statements of historical fact, which address events, results, outcomes or developments that New Gold expects t ...

Production Metrics - For the year ended December 31, 2024, gold production was 298,303 ounces, a decrease of 7.1% from 321,178 ounces in 2023[10]. - Copper production increased to 54.0 million pounds in 2024, up 13.8% from 47.4 million pounds in 2023[10]. - The Company expects 2025 consolidated gold production to increase by approximately 16% to between 325,000 and 365,000 ounces, driven by higher production at Rainy River[34]. - Rainy River gold production is expected to be between 265,000 and 295,000 ounces in 2025, a 20% increase over the prior year, due to a 25% increase in gold grade[44]. - For the three months ended December 31, 2024, gold production was 60,786 ounces, a decrease from the prior-year period due to lower tonnes processed[100]. Financial Performance - Revenue for 2024 was $924.5 million, representing a 17.6% increase from $786.5 million in 2023[11]. - Net earnings for 2024 were $102.6 million, a significant recovery from a net loss of $64.5 million in 2023[11]. - Adjusted net earnings for 2024 were $153.4 million, compared to $48.4 million in 2023[11]. - Cash generated from operations increased to $392.8 million in 2024, up from $287.6 million in 2023[11]. - Revenue for the three months ended December 31, 2024, increased to $262.2 million, compared to $199.2 million in the prior-year period[96]. - Net earnings for the three months ended December 31, 2024, were $55.1 million, an increase from a net loss of $27.4 million in the prior-year period[96]. - Free cash flow for the year ended December 31, 2024, was $84.9 million, compared to a negative $16.6 million in 2023, showing a strong turnaround[194]. Cost Management - All-in sustaining costs for 2025 are expected to decrease by $164 per ounce or 13% compared to 2024, driven by higher production and lower operating costs[36]. - Total cash costs for Rainy River are expected to decrease by approximately 8% to between $875 and $975 per ounce, driven by higher production[44]. - Operating expenses per gold ounce sold for the year ended December 31, 2024, were well below the guidance range of $720 to $820[115]. - New Gold reported cash costs per gold ounce sold (by-product basis) of $728 for Q4 2024, down from $994 in Q4 2023, reflecting a 26.8% decrease[171]. - Total all-in sustaining costs (AISC) per gold ounce sold (by-product basis) for Q4 2024 were $1,018, a decrease of 31.2% compared to $1,481 in Q4 2023[171]. Capital Expenditures and Investments - The Company anticipates total capital expenditures of $270 to $315 million in 2025, in line with 2024 guidance, as it ramps up projects at New Afton and Rainy River[36]. - Total capital expenditures for the year ended December 31, 2024, were $140 million, below the guidance range of $145 million to $165 million, with approximately $15 million deferred into 2025[116]. - The Company plans to invest approximately $14 million in exploration at Rainy River in 2025, aiming to increase high-tonnage open pit ore[47]. Mineral Reserves and Resources - As of December 31, 2024, New Gold reported total Mineral Reserves of 2,954,000 ounces of gold, 7.8 million ounces of silver, and 631 million pounds of copper[53]. - Rainy River's Indicated Mineral Resources increased by 55% year-over-year in 2024, with a 470% increase in open pit resources due to successful near-surface exploration[55]. - New Afton reported Mineral Reserves increased by 94,000 ounces of gold and 81 million pounds of copper in 2024, primarily due to the inclusion of the East Extension[54]. Market Conditions - The average realized gold price per ounce for the year ended December 31, 2024, was $2,413, compared to $1,944 in 2023, reflecting a significant increase[62]. - The average realized copper price per pound for the year ended December 31, 2024, was $4.19, up from $3.84 in 2023[64]. - The LBMA p.m. gold price decreased by 1% during the fourth quarter of 2024, finishing at $2,609 per ounce, influenced by geopolitical risks and monetary policy expectations[67]. - The LME cash copper price decreased by 11% during the fourth quarter of 2024, finishing at $3.95 per pound, affected by expectations of weaker demand from China[69]. Liquidity and Financial Position - The Company had cash and cash equivalents of $105.2 million as of December 31, 2024, down from $185.5 million in 2023[138]. - The Company has $481.9 million of liquidity available as of December 31, 2024, including cash and cash equivalents and available credit[147]. - The minimum interest coverage ratio improved to 11.0:1 for the year ended December 31, 2024, compared to 8.1:1 in 2023[137]. - The Company repaid $100.0 million under its Credit Facility, reducing the outstanding amount to $nil as of December 31, 2024[136].

Core Viewpoint - New Gold (NGD) is positioned to continue its earnings-beat streak, having a strong track record of exceeding earnings estimates in recent quarters [1][2]. Earnings Performance - In the last reported quarter, New Gold achieved earnings of $0.08 per share, surpassing the Zacks Consensus Estimate of $0.04 per share, resulting in a 100% surprise [2]. - In the previous quarter, the company was expected to earn $0.01 per share but delivered $0.02 per share, also reflecting a 100% surprise [2]. Earnings Estimates - Recent estimates for New Gold have been revised upward, indicating a positive trend in earnings expectations [3]. - The Zacks Earnings ESP for New Gold is currently +5.88%, suggesting analysts are optimistic about the company's near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - New Gold's combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat [6]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [6].

New Gold (NGD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings ...

Company Overview - New Gold (NGD) currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing context [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, NGD shares have increased by 3.78%, outperforming the Zacks Mining - Gold industry, which rose by 0.27% [6] - In a longer time frame, NGD's shares have appreciated by 13.5% over the past month, compared to the industry's 10.54% [6] - Over the last quarter, NGD shares have surged by 25.4%, and over the past year, they have gained an impressive 146.82%, while the S&P 500 has only moved 5.14% and 24.19% respectively [7] Trading Volume - NGD's average 20-day trading volume stands at 11,451,392 shares, which is a significant indicator of market interest and can signal bullish or bearish trends [8] Earnings Outlook - In the last two months, 2 earnings estimates for NGD have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from $0.18 to $0.19 [10] - For the next fiscal year, there have been 2 upward revisions and 1 downward revision in earnings estimates [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, NGD is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [12]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks has developed ...

TORONTO, Feb. 3, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American: NGD) wishes to advise that Mr. Yohann Bouchard and the Company have mutually decided to part ways. Mr. Bouchard's last day as Executive Vice President and Chief Operating Officer was January 31, 2025. New Gold thanks Mr. Bouchard for his contribution and wishes him well with his future endeavors.   "I thank Yohann for his contribution to New Gold during his tenure," stated Patrick Godin, President & CE ...

New Gold (NGD) ended the recent trading session at $2.89, demonstrating a +0.7% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.47% loss on the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.51%.Coming into today, shares of the gold mining company had gained 15.73% in the past month. In that same time, the Basic Materials sector gained 1.28%, while the S&P 500 gained 1.67%.Market participants will be closely following the financial results of N ...

David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.Analyst’s Disclosure: I/we have no stock, option or similar derivative ...

In the latest market close, New Gold (NGD) reached $2.73, with a -1.44% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.83% for the day. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.Prior to today's trading, shares of the gold mining company had gained 4.14% over the past month. This has outpaced the Basic Materials sector's loss of 6.01% and the S&P 500's loss of 3.31% in that time.The investment community will be clo ...