New Gold Inc (TSE:NGD) has released an update.
New Gold Inc. reported strong first quarter results for 2024, meeting production targets with 70,898 ounces of gold and 13.3 million pounds of copper and maintaining solid operational performance, particularly at their New Afton and Rainy River projects. The company remains on track to achieve its 2024 guidance with significant growth expected over the next three years, driven by its Rainy River and New Afton expansion projects. These projects are anticipated to substantially boost gold and copper production, reinforcing New Gold’s commitment to increased production and free cash flow generation.
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