Core Insights - New Gold Inc. (NGD) shares have increased by 119.6% over the past year, outperforming the industry growth of 78.2% [1][5] - The stock reached a 52-week high of $7.09 before closing at $6.83 [1][5] Exploration and Growth - Significant advancements in exploration at New Afton and Rainy River have been made, focusing on organic growth initiatives [3] - Underground drilling at New Afton confirmed and expanded K-Zone mineralization, doubling the known extent of the system [3] - Mineralization at Rainy River has also been extended, indicating potential for further growth [4] Financial Performance - In Q2 2025, gold production improved to 78,595 ounces, with revenues increasing by 41.3% year over year to $308 million, driven by higher gold prices and increased sales volume [4][5] - Adjusted earnings were reported at 11 cents per share, surpassing the Zacks Consensus Estimate of 10 cents, marking a 38% year-over-year improvement [5] - The company is on track to meet its 2025 consolidated production guidance of 325,000 to 365,000 ounces of gold and 50 to 60 million pounds of copper [5] Financial Position - As of June 30, 2025, New Gold had cash and cash equivalents of $226 million [6] - The company reported a record free cash flow of $63 million in Q2 2025, supported by solid production and operational cash flow [6] Market Conditions - Gold prices have increased by 40.5% year to date, currently trending above $3,750 per ounce, influenced by geopolitical tensions and central bank purchases [7]