New Gold Sees 2% Annual Increase in Q4 Gold Output

New Gold Inc. (NGD) reported a 2% year-over-year increase in gold production in the fourth quarter of 2024 to 80,438 ounces. This was attributed to the solid performance at the New Afton mine, which offset lower production at the Rainy River mine due to operational challenges encountered in December. It was the highest production quarter in 2024.NGD’s gold production reached 298,303 ounces in 2024, whereas its guidance was 300,000-310,000 ounces. Better-than-expected performance at New Afton was offset by l ...