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: | $1,995M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,062M as of Mar 31, 2024 |
EBITDA (TTM): | $408.49M as of Mar 31, 2024 |
Net annual income (TTM): | -$104.17M as of Mar 31, 2024 |
Free cash flow (TTM): | $24.33M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $322.23M 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 |