Shares of New Gold Inc. (NYSE: NGD) soared 5.37% in after-hours trading on Tuesday following the release of the company's 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, beating the analyst consensus estimate of $0.18 by 38.89%. Revenue for the quarter came in at $462.5 million, surpassing analyst projections of $417.285 million by 10.84%. The strong performance was driven by record production at the company's Rainy River mine, which produced over 100,000 ounces of gold in the quarter.
New Gold also reported a record quarterly free cash flow of $205 million, highlighted by $183 million from Rainy River alone. The company stated it remains on track to achieve its full-year production guidance, with consolidated gold production expected to be in line with the 325,000 to 365,000 ounce guidance range. This robust financial and operational performance, coupled with positive outlook, appears to have fueled investor enthusiasm in after-hours trading.
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