New Gold(US:NGD)2025-07-28 12:30Financial Performance - The company generated a record quarterly free cash flow of $63 million in Q2 2025 [10] - Revenue increased to $308.4 million in Q2 2025 from $218.2 million in Q2 2024 [29], representing a 41% increase - Net earnings increased to $68.3 million in Q2 2025 from $53.1 million in Q2 2024 [29], representing a 28.6% increase - Adjusted net earnings increased significantly to $89.8 million in Q2 2025 from $17.0 million in Q2 2024 [29] - The company has a strong liquidity position with $226 million in cash and cash equivalents as of June 30, 2025 [30] Operational Performance - Consolidated gold production was 78,595 ounces in Q2 2025 compared to 68,598 ounces in Q2 2024 [17], representing a 14.6% increase - Rainy River achieved record monthly production and generated a record $45 million in free cash flow during the quarter [10] - New Afton's C-Zone cave construction is approximately 65% complete [10], with the undercut level completed in May [10] - Rainy River underground development achieved pit portal breakthrough in early April [10], with fresh air commissioning and ventilation loop completion in June [10] Outlook - The company anticipates generating approximately $2.2 billion in cumulative free cash flow from 2025-2027, averaging around $720 million per year, assuming gold at $3,000/oz and copper at $4.00/lb [41, 42]