New Gold Inc.

New Gold Inc.

NGD.TO
New Gold Inc.CA flagToronto Stock Exchange
12.16
CAD
+0.39
- -
9.63BMarket Cap
New Gold Inc.
NGD.TO
(Toronto Stock Exchange)

Recent

price

12.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.36
1.62
1.71
1.6
1.44
1.4
1.02
0.69
1.04
1.03
0.95
1.1
0.89
1.15
1.23
1.86
1.86
Revenue per Share
0.12
0.42
0.43
-0.39
-0.95
-0.4
-0.01
-0.19
-2.14
-0.12
-0.12
0.21
-0.1
-0.09
0.14
1.08
1.08
Basic EPS, GAAP
0.13
-0.43
-0.62
-0.24
-0.02
-0.25
-0.53
-0.38
0.05
0.02
0.02
0.11
-0.15
0.03
0.16
0.39
0.39
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.91
5.33
5.7
5.43
4.32
3.92
3.92
3.67
1.44
1.42
1.18
1.38
1.29
1.2
1.3
2.32
2.32
Book Value per Share
3.89
5.31
5.78
5.57
4.51
4.12
4.05
3.79
1.63
1.57
1.17
1.4
1.41
1.15
1.4
2.42
2.42
Tangible Book Value per Share
391
430
463
488
504
509
512
565
579
611
676
681
682
684
752
792
792
Basic Weighted Avg Shares
530
696
791
780
726
713
523
389
604
631
643
746
604
786
924
1,476
1,476
Sales/Revenue/Turnover
30.25
38.48
34.61
12.5
7
1.99
2.01
-1.52
1.54
-0.98
13.18
17.85
-2.6
7.86
19.72
44.37
44.37
Operating Margin (%)
79
76
116
179
218
241
200
160
241
242
195
197
196
235
248
237
237
Depreciation Expense
47
179
199
-191
-477
-201
-7
-108
-1,240
-74
-79
141
-67
-64
103
858
858
Net Income, GAAP
23.9
30.73
28.62
- -
- -
- -
- -
- -
- -
- -
- -
12.29
- -
- -
- -
6.59
6.59
Effective Tax Rate (%)
8.95
25.72
25.15
-24.52
-65.72
-28.25
-1.34
-27.78
-205.21
-11.66
-12.33
18.86
-11.05
-8.2
11.1
58.12
58.12
Profit Margin (%)
472
238
740
568
530
467
235
274
160
57
260
513
206
123
78
124
124
Working Capital
230
252
848
862
874
788
890
1,008
789
738
509
502
396
399
399
396
396
LT Debt
1,520
2,282
2,676
2,720
2,271
2,100
2,073
2,140
944
961
789
956
960
789
1,052
1,912
1,912
Total Equity
6.48
8.56
6.43
- -
- -
- -
- -
- -
- -
- -
- -
8.47
- -
- -
- -
32.53
32.53
Return on Invested Capital (%)
-51.03
14.98
6.88
- -
- -
- -
- -
- -
- -
- -
- -
12.03
- -
- -
- -
49.37
49.68
Return on Capital (%)
- -
- -
8.07
-7.23
-19.78
-9.66
-0.35
-5.29
-85.3
-8.63
-9.5
16.15
-7.35
-7.61
11.43
60.95
60.95
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
113
2
1
LT Borrowings
544
394
394
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
792
792
792
Market Capitalization
3,934
5,666
6,893

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
394
303
516
Cash, Cash Equivalents & STI
233
124
331
Accounts Receivable, Net
22
21
9
Inventories
120
138
154
Total Current Liabilities
443
345
392
Payables & Accruals
146
157
225
ST Debt
113
2
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.88%
23.76%
81.7%
Free Cash Flow
78.96%
174.91%
150.86%
Net Income, GAAP
235.76%
9.77%
736.16%
Sales/Revenue/Turnover
11.38%
20.86%
59.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
202
184
201
199
786
2024
192
218
252
262
924
2025
209
308
462
496
1,476

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.05
- -
- -
- -
-0.09
2024
-0.06
0.07
0.05
- -
0.14
2025
-0.02
0.09
- -
- -
1.08

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
New Gold Inc. is a Canadian-focused intermediate gold mining company engaged in the exploration, development, and operation of mineral properties primarily for gold, silver, and copper deposits. The company operates two core producing assets: the Rainy River gold-silver mine located in Northwestern Ontario, featuring open-pit and underground mining with processing via crushing, grinding, gravity concentration, flotation, and whole-ore leaching to produce doré; and the New Afton gold-copper mine in South-Central British Columbia, utilizing underground block caving and long-hole open stoping methods with flotation circuits to yield gold-copper concentrates. Founded in 1980 and headquartered in Toronto, Ontario, New Gold targets global precious metals markets through doré bars, concentrates, and by-product sales while employing hedging strategies to manage commodity price volatility. In recent developments, the company consolidated its interest in New Afton to 100% through an agreement with Ontario Teachers' Pension Plan announced in early 2025, completed a $400 million senior notes offering at 6.875% due 2032 to refinance 2027 notes, extended its revolving credit facility to 2029 with a $100 million accordion feature, filed technical reports in February 2025 outlining strong production profiles and declining costs at both mines, and advanced K-Zone exploration at New Afton with the first drill bay operational alongside growth studies for multiple zones; additionally, in November 2025, Coeur Mining announced an all-stock acquisition of New Gold valued at approximately $7 billion, under which New Gold shareholders receive 0.4959 Coeur shares per New Gold share.