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New Gold Q2 Adjusted Net Earnings Rise on Higher Gold Sales
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New Gold Q2 Adjusted Net Earnings Rise on Higher Gold Sales
Jul 28, 2025 4:29 AM

07:03 AM EDT, 07/28/2025 (MT Newswires) -- New Gold ( NGD ) on Monday reported a jump in second-quarter adjusted net earnings per share that beat analyst estimates compiled by FactSet.

Adjusted net earnings were US$89.8 million, or US$0.11 per share, rising from US$17 million, or US$0.02 per share. The result beat the EPS consensus estimate of US$0.10 compiled by FactSet.

Revenue rose to US$308.4 million from US$218.2 million. The increase was driven by higher gold prices and higher gold sales volume, partially offset by lower copper prices and lower copper sales volume.

The company produced 78,595 ounces of gold, up from 68,598 ounces. Sales came in at 75,596 ounces, up from 67,697 ounces.

Copper production was 13.5 million pounds, down from 13.6 million pounds. The company sold 12.7 million pounds of copper, down from 13.3 million pounds.

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