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New Gold Inc reports 2% increase in Q4 gold production

ByVictoria

NGD’s gold production reached 298,303 ounces in 2024, whereas its guidance was 300,000-310,000 ounces.

New Gold’s copper production was at 14.5 million pounds for the fourth quarter, up 20% year over year. The annual copper production totaled 54 million pounds, within the company’s guidance of 50-60 million pounds.

The New Afton mine produced 19,652 ounces of gold and 14.5 million pounds of copper in the fourth quarter. Gold production increased 19% and copper production rose 15% from the third quarter of 2024. The B3 cave performed per expectations.

Source – Zacks

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    ByVictoria
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    Copper prices in the U.S. have surged ahead of those in the rest of world and hit a record last week, a sign the mere threat of tariffs is lifting costs for domestic manufacturers.

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