New Gold Inc. (NYSE: NGD ) (TSX: NGD:CA ) is a mid-tier gold producer, with two operational mines in the safe jurisdiction of Canada. Despite NGD being seemingly fair valued at present, I initiate coverage with a Strong Buy rating afterI work on the buy-side in Fixed Income. In my spare time, I'm out here seeking alpha. When it comes to my investment outlook...I'm here to remind you to "Always Protect Your Nuts!" I have a special interest in the Mining and Real Estate sectors.Analyst’s Disclosure: I/we have ...

Core Viewpoint - Gold prices have rebounded above $3,010, indicating a market preference for gold as a safe investment amid potential stagflation or recession, with major banks maintaining a bullish outlook on gold prices [1] Group 1: Lake Victoria Gold Ltd. Developments - Lake Victoria Gold has successfully converted its Prospecting License into four Mining Licenses for the Tembo Project in Tanzania, allowing for legal development and production [2][3] - The Tembo Project has seen over $28 million in exploration expenditures, including extensive drilling, which has identified three high-priority targets with promising gold grades [3][4] - The Mining Licenses are valid for 10 years with an option for a further 10-year renewal, providing a stable framework for development [3] Group 2: Exploration Results - At the Ngula 1 target, drilling has revealed a 250-meter-wide zone with significant gold-bearing structures, including results of 3.13 grams per tonne (g/t) over nearly 26 meters and a notable interval of 22.18 g/t over 15 meters [5] - The Nyakagwe Village target has produced high-grade results, with grades reaching 78.1 g/t over one meter and 27.88 g/t over nearly four meters, indicating potential for near-term mining [6] - Drilling at Nyakagwe East has uncovered a 300-meter-wide zone with strong mineralization, yielding intercepts of 19.1 g/t over three meters and 10.25 g/t over 3.5 meters [7] Group 3: Future Plans and Partnerships - With Mining Licenses secured, Lake Victoria Gold is evaluating options for near-term production, including potential open-pit mining and utilizing nearby processing facilities [8] - A new drill program is being designed to follow up on historical high-grade hits, with 38 new exploration targets identified, suggesting further growth potential [9] - The company is open to partnerships, having previously engaged with Barrick Gold, which could enhance its development strategy for the Tembo Project [10] Group 4: Industry Context - Other companies in the gold mining sector are also making significant moves, such as New Gold Inc. acquiring a 19.9% interest in its New Afton mine for $300 million, which will enhance its cash flow exposure [12][13] - Thor Explorations reported strong production results and plans for further exploration in West Africa, indicating a positive outlook for gold mining in the region [14][15] - Westgold Resources has activated an ore purchase agreement to strengthen its regional supply, while Dakota Gold Corp. has secured $35 million in financing to advance its Richmond Hill project [16][18]

New Gold Inc. (NGD) announced that it inked a deal with Ontario Teachers' Pension Plan to acquire 19.9% free cash flow interest in the New Afton Mine. This move will give New Gold 100% free cash flow interest in the mine.NGD’s Benefits From the DealNew Gold’s fully consolidated ownership of the New Afton Mine will expose the company to 100% of life-of-mine cash flow with no equity dilution to New Gold's shareholders.New Afton has significant potential to increase value by enhancing production and prolonging ...

(All dollar figures are in US dollars unless otherwise indicated) TORONTO, April 7, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers' Pension Plan ("Ontario Teachers'") to acquire the remaining 19.9% free cash flow interest in the Company's New Afton Mine ("New Afton") (the "Transaction"). Following the transaction, the Company will have fully consolidated its free cash flow inte ...

The Circular, notice and access notification to shareholders, virtual annual general meeting user guide, consolidated financial statements and management's discussion & analysis for the year ended December 31, 2024 may be found on New Gold's website at www.newgold.com or under New Gold's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Filing of Annual Report on Form 40-F and Annual Information Form TORONTO, March 31, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NG ...

Core Viewpoint - The article emphasizes the importance of investing in high-quality growth and momentum stocks that are reasonably priced, with a focus on long-term performance and market outperformance [1]. Group 1: Investment Strategy - The investment strategy involves focusing on growth and momentum stocks that are expected to outperform the market over the long term [1]. - The analyst has a history of advising investors to buy at market lows, specifically mentioning a recommendation in March 2009 during the financial crisis, which led to significant market gains [1]. Group 2: Market Performance - From 2009 to 2019, the S&P 500 increased by 367%, while the Nasdaq saw an increase of 685%, highlighting the potential for substantial returns in the stock market [1]. Group 3: Investor Guidance - The article aims to assist investors in making money through investments in high-quality growth stocks, indicating a commitment to guiding investment decisions [1].

Company Performance - New Gold (NGD) closed at $3.19, reflecting a -1.24% change from the previous day, underperforming compared to the S&P 500's gain of 2.13% [1] - Over the past month, New Gold's shares increased by 6.6%, outperforming the Basic Materials sector's decline of 4.39% and the S&P 500's drop of 9.57% [1] Financial Expectations - Analysts anticipate New Gold to report earnings of $0 per share, indicating a year-over-year decline of 100% [2] - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.24 per share and revenue of $1.12 billion, reflecting increases of +20% and +21.15% respectively from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for New Gold are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record of predicting stock price performance [4] Valuation Metrics - New Gold is currently trading at a Forward P/E ratio of 13.74, which is a premium compared to its industry's Forward P/E of 13.34 [6] - The company has a PEG ratio of 0.81, which is lower than the Mining - Gold industry's average PEG ratio of 0.88 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Points - New Gold Inc. announced the expiration of its tender offer for the 7.50% Senior Notes due 2027, which took place on March 13, 2025 [1][4] - The company received valid tenders amounting to $288,843,000, representing 72.21% of the outstanding $400 million of the Notes [3][2] - New Gold plans to use proceeds from a new issuance of $400 million in 6.875% Senior Notes due 2032 to fund the payment for the tendered Notes [5] Tender Offer Details - The tender offer commenced on March 4, 2025, and expired on March 13, 2025, at 5:00 p.m. New York City Time [1] - The settlement date for the accepted Notes is expected to be March 18, 2025 [4] - The tendered principal amount excludes $12,000 of the Notes tendered under guaranteed delivery procedures [3] Future Plans - New Gold intends to redeem any Notes not tendered in the offer around July 15, 2025, at a redemption price of 100% of the principal amount plus accrued interest [5] - The company has retained BofA Securities and BMO Capital Markets as Dealer Managers for the tender offer [7] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine [9]

Group 1 - Alluvial Gold Research provides detailed analysis on undervalued mining companies, focusing on those with upcoming catalysts that could enhance portfolio performance [1] - Subscribers receive access to current portfolios and buy/sell alerts, indicating a proactive approach to investment management [1] Group 2 - The article emphasizes the importance of position sizing in the volatile precious metals sector, recommending that investments in small-cap precious metals stocks should be limited to 5% or less of an investor's portfolio [2]

Core Points - New Gold Inc. announced the pricing of a $400 million offering of 6.875% Senior Notes due 2032, expected to close around March 18, 2025 [1] - The proceeds from the offering will be used to purchase outstanding 7.50% senior notes due 2027 and cover related fees and expenses [1] - Any remaining proceeds will be used to redeem any Existing Notes not tendered in the Tender Offer at 100% of the principal amount on or about July 15, 2025 [1] Offering Details - The company has commenced a Tender Offer to purchase any and all of the Existing Notes, contingent upon the successful completion of the Notes offering [2] - The offering of the Notes is not conditional upon a minimum principal amount of Existing Notes being tendered [2] - The Notes will be sold only to qualified institutional buyers and non-U.S. persons outside the United States [3] Regulatory Information - The offer and sale of the Notes will not be registered under the Securities Act, and they may not be offered or sold in the U.S. without registration or an exemption [4] - This announcement does not constitute an offer to sell or solicit offers to buy the Notes or Existing Notes [4] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine [5] - The company's vision is to build a leading diversified intermediate gold company in Canada, committed to environmental and social responsibility [5]