NYSE$NGD
New Gold Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
New Gold reported a strong fourth quarter, achieving lower costs and higher revenues compared to the prior-year period.
New Gold Inc. delivered solid financial and operational results in Q4 2024, with a notable increase in revenue driven by higher gold and copper prices. The company reported net earnings of $55.1 million, operating income of $93.1 million, and free cash flow of $22.1 million. Adjusted EPS came in at $0.07 per share. The quarter saw lower all-in sustaining costs (AISC) of $1,018 per gold ounce, a 31% reduction from Q4 2023.
- Q4 2024 revenue increased to $262.2 million, up from $199.2 million in Q4 2023.
- Net earnings improved significantly to $55.1 million, compared to a net loss of $27.4 million in Q4 2023.
- Gold production reached 80,438 ounces, a 2% increase from the prior-year period.
- All-in sustaining costs per gold ounce (by-product basis) declined 31% year-over-year to $1,018.
Headline financials
Revenue & EPS history
New Gold · Revenue · Quarterly
$262M
Forward guidance
New Gold expects continued production growth, supported by ongoing cost discipline and investments in growth projects. The company anticipates higher gold and copper production in 2025, with an emphasis on expanding operations at Rainy River and New Afton.
Tailwinds
- Gold and copper production expected to increase in 2025.
- Operational efficiencies to further reduce costs.
- Ongoing underground mine development at Rainy River.
- Increased processing capacity at New Afton.
- Improved cash flow generation from cost optimization.
Headwinds
- Potential production disruptions due to mechanical downtimes.
- Higher capital expenditure requirements for growth projects.
- Uncertainty in commodity price fluctuations.
- Increased mining costs due to inflationary pressures.
- Regulatory and permitting challenges in future expansions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-1.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.3%
Avg return
30 days after
43%
26 / 60 earnings
Positive
+18.8%
Q1 2025
Best reaction
-31.6%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2025 | +18.8% | +17.3% | +32.8% | |
| Q4 2024 | +4.5% | -5.6% | +11.8% | |
| Q3 2024 | -0.3% | -3.1% | -4.2% | |
| Q1 2024 | +3.3% | +25.7% | +13.3% | |
| Q2 2024 | +11.1% | +2.4% | +21.8% | |
| Q4 2023 | -8.1% | -5.6% | +35.5% | |
| Q3 2023 | +2.8% | +13.8% | +22.0% | |
| Q2 2023 | -12.8% | -7.2% | -19.2% | |
| Q1 2023 | +1.6% | +1.6% | -9.4% | |
| Q4 2022 | -4.6% | -6.1% | -9.2% | |
| Q3 2022 | +3.3% | +21.8% | +41.4% | |
| Q2 2022 | +6.2% | +3.9% | -13.2% | |
| Q1 2022 | -2.1% | -7.5% | -8.9% | |
| Q4 2021 | -11.8% | -7.5% | -0.5% | |
| Q3 2021 | +9.3% | +9.9% | -12.4% | |
| Q2 2021 | -11.8% | -18.8% | -16.0% | |
| Q1 2021 | +7.1% | +5.3% | +24.7% | |
| Q4 2020 | -7.4% | +1.8% | +9.2% | |
| Q3 2020 | -1.5% | -2.5% | +1.0% | |
| Q2 2020 | -0.6% | +0.0% | -3.0% | |
| Q1 2020 | -6.4% | +0.0% | +40.7% | |
| Q4 2019 | -10.9% | -5.9% | -45.9% | |
| Q3 2019 | -18.7% | -19.0% | -20.0% | |
| Q2 2019 | -7.5% | -9.7% | -16.4% | |
| Q1 2019 | +2.1% | +0.0% | -25.0% | |
| Q4 2018 | -31.6% | -26.6% | -27.4% | |
| Q3 2018 | +8.2% | +16.7% | +19.4% | |
| Q2 2018 | -17.6% | -30.7% | -40.9% | |
| Q1 2018 | -7.1% | -7.1% | -6.0% | |
| Q4 2017 | -1.9% | +0.4% | -5.3% | |
| Q3 2017 | -5.6% | -1.7% | -11.7% | |
| Q2 2017 | +2.3% | +10.9% | +15.6% | |
| Q1 2017 | -8.3% | -9.6% | -5.0% | |
| Q4 2016 | +3.3% | +0.7% | -7.5% | |
| Q3 2016 | +2.6% | +7.4% | -8.2% | |
| Q2 2016 | +9.5% | +20.2% | +13.6% | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +14.5% | — | — | |
| Q3 2015 | -12.5% | — | — | |
| Q2 2015 | +5.2% | — | — | |
| Q1 2015 | -1.2% | — | — | |
| Q4 2014 | -5.1% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | -4.7% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | -11.2% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q2 2012 | +6.6% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | +4.5% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2010 | +5.9% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2010 | -1.5% | — | — |
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