New Gold Q3 revenue beats expectations on record Rainy River output

New Gold

28/10/2025 21:26

Overview

New Gold Q3 revenue beats analyst expectations, driven by record Rainy River production

Adjusted net income for Q3 surpasses estimates

Company repaid $260 mln of debt, strengthening financial position

Outlook

New Gold expects 2025 gold production in line with 325,000-365,000 oz guidance range

Copper production expected at mid-point of 50-60 mln lbs guidance range

All-in sustaining costs trending at high end of $1,025-$1,125/oz guidance range

Result Drivers

RAINY RIVER PRODUCTION - Record production at Rainy River mine drove strong cash flow and free cash flow generation

NEW AFTON PERFORMANCE - B3 cave at New Afton mine enhanced shareholder value without additional capital

DEBT REPAYMENT - Strong cash flow enabled repayment of $260 mln of debt, improving financial stability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$462.50 mln
$422.30 mln (2 Analysts)
Q3 EPS
$0.18
Q3 Adjusted Net Income
Beat
$199.50 mln
$143.40 mln (1 Analyst)
Q3 Net Income
$142.30 mln
Q3 Operating Expenses
$131.19 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for New Gold Inc is C$11.04, about 20% above its October 27 closing price of C$8.83

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nCNW1xHpNa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)