New Gold Shares Drop After Quarterly Revenue Miss

Dow Jones

Jul 28

By Robb M. Stewart

New Gold's shares faltered Monday after the Canadian gold producer's second-quarter revenue growth fell short of expectations.

In morning trading, the shares were 6.3% lower at C$5.67, narrowing their advance so far this year to 58%.

Toronto-based New Gold, which operates the New Afton copper-gold mine and the Rainy River gold mine, said it recorded net earnings of $68.6 million, or 9 cents a share, up from $53.1 million, or 7 cents a share, a year earlier. On an adjusted basis, per-share earnings climbed to 11 cents, just ahead of the 10 cents analysts polled by FactSet had forecast.

Revenue rose 41% for the three months to $308.4 million, but missed the $319.9 million mean estimate of analysts.

Second-quarter production came in at 78,595 ounces of gold and 13.5 million pounds of copper, which the company said puts it on track to deliver on 2025 guidance of between 325,000 to 365,000 ounces of gold and 50 million to 60 million pounds of copper.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

July 28, 2025 11:03 ET (15:03 GMT)

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Stewart \n</p>\n<pre>\n \n</pre>\n<p>\n  New Gold's shares faltered Monday after the Canadian gold producer's second-quarter revenue growth fell short of expectations. \n</p>\n<p>\n  In morning trading, the shares were 6.3% lower at C$5.67, narrowing their advance so far this year to 58%. \n</p>\n<p>\n  Toronto-based New Gold, which operates the New Afton copper-gold mine and the Rainy River gold mine, said it recorded net earnings of $68.6 million, or 9 cents a share, up from $53.1 million, or 7 cents a share, a year earlier. 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Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 28, 2025 11:03 ET (15:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NGD","symbol_name":"New Gold","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2554677020","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554677020","pubTimestamp":1753714980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"New Gold's shares faltered Monday after the Canadian gold producer's second-quarter revenue growth fell short of expectations.In morning trading, the shares were 6.3% lower at C$5.67, narrowing their advance so far this year to 58%.Toronto-based New Gold, which operates the New Afton copper-gold mine and the Rainy River gold mine, said it recorded net earnings of $68.6 million, or 9 cents a share, up from $53.1 million, or 7 cents a share, a year earlier. 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Stewart \n\n\n \n\n\n  New Gold's shares faltered Monday after the Canadian gold producer's second-quarter revenue growth fell short of expectations. \n\n\n  In morning trading, the shares were 6.3% lower at C$5.67, narrowing their advance so far this year to 58%. \n\n\n  Toronto-based New Gold, which operates the New Afton copper-gold mine and the Rainy River gold mine, said it recorded net earnings of $68.6 million, or 9 cents a share, up from $53.1 million, or 7 cents a share, a year earlier. 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