New Gold Inc. (NGD) saw a substantial stock increase of 242.1% over the past year, significantly outperforming the Zacks Mining-Gold industry at 131.2% and the S&P 500 at 26.1%. In comparison, peers Newmont Corporation (NEM) and AngloGold Ashanti plc (AU) experienced increases of 154.5% and 227.4%, respectively.
For the fourth quarter of 2025, New Gold reported gold production of 107,778 ounces, a 2% increase year-over-year, while copper production fell 24% to 11 million pounds. The Rainy River Mine was the primary contributor, producing 94,423 ounces, approximately 88% of the total gold production for the quarter. The company achieved fiscal 2025 production totals of 353,772 ounces of gold and 50.1 million pounds of copper. As of the third quarter, NGD reported cash equivalents of about $123.3 million and generated $300.7 million in operating cash flow, a 135% year-over-year increase, resulting in a record free cash flow of approximately $204.7 million.
New Gold is currently undergoing an acquisition by Coeur Mining, Inc. in an all-stock transaction valued at about $7 billion, expected to close in the first half of 2026, subject to approvals. This merger aims to bolster both companies’ production capabilities and enhance their financial stability.
