New Gold Reports Over $530 Million Free Cash Flow for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Production Targets Achieved: In Q4 2025, New Gold produced 107,778 ounces of gold and 11 million pounds of copper, with total gold production for the year reaching 353,772 ounces, exceeding the guidance range of 325,000 to 365,000 ounces, showcasing significant improvements in operational efficiency.
- Record Free Cash Flow: The company generated over $532 million in free cash flow for 2025, with Q4 alone contributing $240 million, reflecting robust cash generation capabilities despite over $310 million in capital investments, thereby enhancing future investment flexibility.
- Safety Record Improvement: The total recordable injury frequency rate (TRIFR) dropped to 0.65 for 2025, a 10% reduction from the previous year, marking the lowest record in the company's history, indicating New Gold's ongoing commitment to health and safety management, which boosts employee morale and productivity.
- Growth Initiatives Progressing Well: The construction of the C-Zone cave at New Afton is on track for early 2026 completion, while Rainy River's underground development rates improved by 45% quarter-over-quarter, laying a solid foundation for future production growth.
Analyst Views on NGD
Wall Street analysts forecast NGD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NGD is 8.21 USD with a low forecast of 6.39 USD and a high forecast of 9.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 10.160
Low
6.39
Averages
8.21
High
9.50
Current: 10.160
Low
6.39
Averages
8.21
High
9.50
About NGD
New Gold Inc. is a Canadian 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, comprise the New Afton Mine in British Columbia, Canada (New Afton) and the Rainy River Mine in Ontario, Canada (Rainy River). The Rainy River is located approximately 65 kilometers (km) northwest of Fort Frances, Ontario, Canada. The New Afton mine is located approximately 10 km west of Kamloops, 350 km northeast of Vancouver, British Columbia, Canada.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.




