Overview

* New Gold ( NGD ) Q3 revenue beats analyst expectations, driven by record Rainy River production

* Adjusted net income for Q3 surpasses estimates

* Company repaid $260 mln of debt, strengthening financial position

Outlook

* New Gold ( NGD ) expects 2025 gold production in line with 325,000-365,000 oz guidance range

* Copper production expected at mid-point of 50-60 mln lbs guidance range

* All-in sustaining costs trending at high end of $1,025-$1,125/oz guidance range

Result Drivers

* RAINY RIVER PRODUCTION - Record production at Rainy River mine drove strong cash flow and free cash flow generation

* NEW AFTON PERFORMANCE - B3 cave at New Afton mine enhanced shareholder value without additional capital

* DEBT REPAYMENT - Strong cash flow enabled repayment of $260 mln of debt, improving financial stability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $462.50 $422.30

Revenue mln mln (2

Analysts

)

Q3 EPS $0.18

Q3 Beat $199.50 $143.40

Adjusted mln mln (1

Net Analyst)

Income

Q3 Net $142.30

Income mln

Q3 $131.19

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for New Gold Inc ( NGD ) is C$11.04, about 20% above its October 27 closing price of C$8.83

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)