New Gold Inc. (T:NGD)
Business Focus: Gold Mining
| This company is also listed in the United States as NGD on the AMEX. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 181 Bay Street, Suite 3320 TORONTO ON M5J 2T3 |
| Tel: | N/A |
| Website: | https://newgold.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| Patrick Godin President, Chief Executive Officer, Director | Keith Murphy Chief Financial Officer, Executive Vice President | Yohann Bouchard Chief Operating Officer, Executive Vice President |
| Ankit Shah Executive Vice President - Strategy and Business Development | Sean Keating Vice President, General Counsel, Corporate Secretary | Bethany Borody Vice President - Sustainability |
| Luke Buchanan Vice President - Technical Services | Jean-Francois Ravenelle Vice President - Geology | Richard T. O'Brien Director |
| Business Overview |
| New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico. |
| Financial Overview |
| For the three months ended 31 March 2024, New Gold Inc revenues decreased 5% to $192.1M. Net loss increased 37% to $43.5M. Revenues reflect Rainy River segment decrease of 18% to $113.7M. Higher net loss reflects Rainy River segment income decrease of 72% to $6.6M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.05 to -$0.06. |
| Employees: | 1,578 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,075M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,067M as of Mar 31, 2024 |
| EBITDA (TTM): | $410.49M as of Mar 31, 2024 |
| Net annual income (TTM): | -$104.68M as of Mar 31, 2024 |
| Free cash flow (TTM): | $24.45M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $323.80M as of Mar 31, 2024 |
| Shares outstanding: | 689,800,000 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.