Shares of New Gold Inc. (NYSE: NGD) surged 6.64% in pre-market trading on Wednesday, following the release of the company's outstanding third-quarter 2025 financial results, which significantly exceeded analyst expectations.
The Canadian-focused intermediate gold mining company reported adjusted earnings per share of $0.25, surpassing the analyst consensus estimate of $0.18 by 38.89%. This represents a substantial 212.5% increase from the $0.08 per share reported in the same period last year. Revenue for the quarter came in at $462.5 million, beating analyst projections of $417.285 million by 10.84% and marking an impressive 83.53% year-over-year increase.
New Gold's exceptional performance was driven by record production at its Rainy River mine, which produced over 100,000 ounces of gold in the quarter. This contributed to strong cash flow from operations of $301 million and a record quarterly free cash flow of $205 million. The company also made significant progress in strengthening its balance sheet, repaying $260 million of debt obligations during the quarter. With these robust results, New Gold remains on track to achieve its annual production guidance for both gold and copper.
Comments