Latest news with #NewGoldInc
Cision Canada
6 days ago
- Business
- Cision Canada
NEW GOLD PUBLISHES 2024 SUSTAINABILITY REPORT
A Decade of Reporting on Sustainability Topics Critical to Communities, Stakeholders, and Our Business TORONTO, June 4, 2025 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2024 Sustainability Report. New Gold has published an annual Sustainability Report since 2015, reporting on the sustainability-related material topics that matter most to communities, stakeholders and our business. The 2024 Sustainability Report is available on New Gold's Sustainability Microsite, accessible through "2024 was a significant year for New Gold and we see this reflected in our sustainability practices and performance," stated Patrick Godin, President and CEO. "Teamwork and collaboration by employees across the Company saw the creation of our refreshed Sustainability Strategy and renewed focus on our sustainability objectives. Across the organization, we continue to advance our environmental and social performance, driving value for New Gold, our stakeholders, and the communities where we operate." "I'm incredibly proud of our team and the dedication they've shown throughout the year," added Sophie Bertrand, Senior Director of Sustainability. "This report is more than just numbers—it's a reflection of the care, innovation, and integrity our people bring to sustainability every day. I'm excited about the progress we've made and the path ahead." New Gold's 2024 Sustainability Report was prepared in alignment with the Global Reporting Initiative (GRI) Standards, including the newly released GRI 14 Mining Sector supplement, the Sustainability Accounting Standards Board (SASB) Metals and Mining Standards, and the Mining Local Procurement Reporting Mechanism (LPRM). 2024 Sustainability Highlights Across operations, New Gold achieved a 7.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions from 2023, with an overall reduction of 15% from New Gold's 2020 baseline year. These reductions were achieved through a range of conservation and reduction initiatives that are specific to each operation, including the use of battery electric production vehicles at New Afton and emissions tracking and mitigation practices at Rainy River. New Gold's total recordable injury frequency rate ("TRIFR") decreased from 0.80 in 2023 to 0.72 in 2024, achieving the lowest consolidated TRIFR in New Gold history. Since 2021, New Gold's TRIFR has decreased by 42%, exemplifying New Gold's safety-first culture and the commitment to the Courage to Care culture. Indigenous employees represent 24% of New Gold's workforce across operations. The Company is committed to engaging in ways that foster respectful relationships that are built on trust and acceptance and promote Indigenous cultural awareness . New Gold is proud of its strong commitment to local employment, helping to foster community prosperity — in 2024, 79% of the workforce at New Afton and 67% at Rainy River were hired locally. In 2024, New Gold invested over C$765,000 in local communities by supporting non-governmental agencies, charities and research institutions. This includes C$412,000 which was invested through New Gold's formalized Community Investment Program that strives to go beyond traditional philanthropic practices to create long-term social and community development in the communities where New Gold operates. About New Gold New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for our shareholders and stakeholders. For further information on the Company, visit SOURCE New Gold Inc.
Yahoo
29-05-2025
- Business
- Yahoo
Surge in Gold Prices Lifted New Gold (NGD)
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Contrarian Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities saw their weakest quarterly performance since 2022, as uncertainty about potential tariff policies affected investor sentiment and risk assets. In this environment, the fund returned -7.59% (net) during the quarter, slightly behind the -7.50% returns of the Russell 2500 Index and underperforming the -5.83% returns of the secondary benchmark, the Russell 2500 Value Index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Meridian Contrarian Fund highlighted stocks such as New Gold Inc. (NYSEAMERICAN:NGD). Headquartered in Toronto, Canada, New Gold Inc. (NYSEAMERICAN:NGD) is a gold mining company. The one-month return of New Gold Inc. (NYSEAMERICAN:NGD) was 12.53%, and its shares have appreciated by 97.95% over the past 52 weeks. On May 28, 2025, New Gold Inc. (NYSEAMERICAN:NGD) closed at $4.40 per share, with a market capitalization of $3.48 billion. Meridian Contrarian Fund stated the following regarding New Gold Inc. (NYSEAMERICAN:NGD) in its Q1 2025 investor letter: "New Gold Inc. (NYSEAMERICAN:NGD) is a mid-tier gold miner with potentially favorable Canadian-based mining assets. The stock had long underperformed due to past operational missteps and capital allocation issues. However, a new CEO appointed in 2022 launched a comprehensive turnaround, including a strengthened management team and renewed operational discipline that would take advantage of its favorable mining properties, including its New Alton mine. Despite a neutral stance on gold prices, we viewed the company's efforts to unlock value from its core assets as a catalyst for differentiation. The stock appreciated during the period as gold prices reached new highs on geopolitical uncertainty. We increased our position early in the quarter as internal execution improved and gold miners lagged the commodity price." Aerial view of an open mine with large cranes and excavators working on the surface. New Gold Inc. (NYSEAMERICAN:NGD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held New Gold Inc. (NYSEAMERICAN:NGD) at the end of the first quarter, which was 26 in the previous quarter. While we acknowledge the potential of New Gold Inc. (NYSEAMERICAN:NGD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered New Gold Inc. (NYSEAMERICAN:NGD) and shared the list of best multibagger penny stocks to buy according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
01-05-2025
- Business
- Yahoo
Why New Gold Inc. (NGD) Surged on Wednesday
We recently published an article titled . In this article, we are going to take a look at where New Gold Inc. (NYSEAMERICAN:NGD) stands against the other stocks that soared on Wednesday. The stock market finished Wednesday's trading on a lackluster note, with the three major indices finishing mixed, as investors digested news of the US economy's contraction in the first quarter of the year that triggered fears of a possible recession. Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent. Ten firms, on the other hand, managed to record strong gains, thanks to impressive earnings performance and optimistic outlooks for the rest of the year. We have named 10 of the top-performing stocks on Wednesday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Aerial view of an open mine with large cranes and excavators working on the surface. New Gold Inc. (NYSEAMERICAN:NGD) surged by 18.81 percent on Wednesday to close at $3.98 apiece after reporting a strong earnings performance in the first quarter of the year. In its earnings statement, New Gold Inc. (NYSEAMERICAN:NGD) said net loss narrowed by 61.6 percent to $16.7 million from $43.5 million in the same period a year earlier, as revenues rose by 8.8 percent to $209.1 million from $192.1 million year-on-year. Revenue increased over the prior-year period primarily due to higher metal prices and copper sales volume, partially offset by lower gold sales volume. Consolidated gold production ended at 52,186 ounces in the first quarter, while copper production was at 13.6 million pounds. First quarter gold production represented approximately 15 percent of the midpoint of annual consolidated production guidance of 325,000 to 365,000 ounces of gold, slightly ahead of the planned first quarter of 14 percent. Overall NGD ranks 2nd on our list of the stocks that soared on Wednesday. While we acknowledge the potential of NGD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NGD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Globe and Mail
30-04-2025
- Business
- Globe and Mail
Mining Stock Surges Mid-Week After Strong Q1 Earnings
A Toronto-based mining company found a tremendous amount of success on Wednesday after the company reported better-than-expected Q1 results, according to a release. The company had revenues for the quarter ended March 31 of $209.1 million, up from $192.1 million a year earlier. Traders liked what they saw as they snatched up shares of New Gold Inc. (NYSE American:NGD), pushing the mining stock up to $3.94/share (+17.61%) at the early session high. This move is a strong continuation of the success this stock has had over the last few months. New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Washington Post
29-04-2025
- Business
- Washington Post
New Gold: Q1 Earnings Snapshot
TORONTO — TORONTO — New Gold Inc. (NGD) on Tuesday reported a loss of $16.7 million in its first quarter. On a per-share basis, the Toronto-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, were 2 cents per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. The gold mining company posted revenue of $209.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NGD at
