Research analysts who have asked questions during New Gold Inc. /FI earnings calls.
EW
Eric Winmill
Bank of Nova Scotia
4 questions for NGD
Also covers: FSM, GROY, MTAL
Anita Soni
CIBC Capital Markets
2 questions for NGD
Also covers: AEM, BTG, CCJ +8 more
JH
Jeremy Hoy
Canaccord Genuity Group Inc.
2 questions for NGD
Also covers: CGAU, EQX
MP
Michael Parkin
National Bank Financial
2 questions for NGD
Also covers: AEM, AGI, CDE +6 more
LW
Lawson Winder
Bank of America
1 question for NGD
Also covers: AA, AEM, CCJ +21 more
MS
Michael Siperco
RBC Capital Markets
1 question for NGD
Also covers: AGI, CDE, HL
Mohamed Sidibe
Desjardins Securities
1 question for NGD
Also covers: AAUCF, CCJ, FSM +2 more
Recent press releases and 8-K filings for NGD.
New Gold Inc. Achieves 2025 Production Guidance and Reports Strong Free Cash Flow
NGD
Earnings
Guidance Update
New Projects/Investments
- New Gold Inc. achieved its 2025 production guidance, reporting 353,772 ounces of gold and 50.1 million pounds of copper for the full year.
- The company generated $532 million in free cash flow for the full year 2025, including $240 million in the fourth quarter.
- Growth initiatives, such as New Afton's C-Zone cave construction and Rainy River underground development, are progressing, with the company well positioned for a strong 2026.
- Consolidated exploration expense for 2025 totaled $38 million, surpassing the initial $30 million guidance.
4 hours ago
New Gold Inc. Shareholders to Vote on Coeur Mining Arrangement
NGD
M&A
Proxy Vote Outcomes
- Institutional Shareholder Services Inc. (ISS) has recommended that New Gold shareholders vote "FOR" the previously announced plan of arrangement with Coeur Mining, Inc..
- New Gold's Board of Directors also unanimously recommends that shareholders vote "FOR" the Transaction.
- Under the terms of the Transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held.
- Immediately following completion, existing shareholders of Coeur and New Gold will own approximately 62% and 38% of the combined company, respectively.
- The special meeting for approval is scheduled for January 27, 2026, with a voting deadline of January 23, 2026.
2 days ago
New Gold Board and ISS Recommend "FOR" Coeur Mining Acquisition
NGD
M&A
Proxy Vote Outcomes
- New Gold's Board of Directors and the independent proxy advisory firm, Institutional Shareholder Services Inc. (ISS), have both unanimously recommended shareholders vote "FOR" the proposed acquisition by Coeur Mining, Inc..
- Under the terms of the transaction, New Gold shareholders are set to receive 0.4959 shares of Coeur common stock for each New Gold common share held.
- Following the completion of the transaction, existing shareholders of Coeur and New Gold will own approximately 62% and 38% of the combined company, respectively.
- The special meeting for New Gold shareholders to approve the transaction is scheduled for January 27, 2026, with a voting deadline of January 23, 2026.
2 days ago
New Gold Files Circular for Shareholder Vote on Coeur Mining Acquisition
NGD
M&A
Proxy Vote Outcomes
- New Gold Inc. has filed a management information circular for a special meeting on January 27, 2026, to approve its acquisition by a wholly-owned subsidiary of Coeur Mining, Inc..
- Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share, and will own approximately 38% of the combined company.
- New Gold's Board of Directors unanimously recommends that shareholders vote "FOR" the Transaction, which has received an Interim Order and Competition Act approval.
- The combined company is expected to have an implied pro forma combined equity market capitalization of approximately $20 billion (as of November 2, 2025) and is projected to generate approximately $3.0 billion of EBITDA and $2.0 billion of free cash flow in 2026.
Dec 22, 2025, 11:51 AM
New Gold Inc. Board Recommends Shareholder Approval for Coeur Arrangement
NGD
M&A
Guidance Update
Board Change
- New Gold Inc.'s Board of Directors unanimously recommends that shareholders VOTE FOR the proposed Arrangement with Coeur Mining, which aims to create a 100% North American senior mining company.
- The combined entity is projected to have an implied pro forma combined equity market capitalization of approximately $20 billion as of the signing of the Arrangement Agreement, with estimated production of approximately 1.25 million gold equivalent ounces in 2026.
- The Arrangement is expected to result in a combined company generating approximately $3.0 billion of EBITDA and $2.0 billion of free cash flow in 2026.
- Pro forma net income for the combined company was $567,855 thousand for the nine months ended September 30, 2025, with basic earnings per share of $0.55. For the year ended December 31, 2024, the pro forma net loss was $(151,849) thousand, with basic earnings per share of $(0.15).
Dec 22, 2025, 11:36 AM
New Gold Files Circular for Shareholder Vote on Coeur Mining Acquisition
NGD
M&A
Proxy Vote Outcomes
New Projects/Investments
- New Gold Inc. has commenced mailing its management information circular for a special meeting on January 27, 2026, to seek shareholder approval for its acquisition by a wholly-owned subsidiary of Coeur Mining, Inc..
- Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held, and will own approximately 38% of the combined company immediately following completion.
- New Gold's Board of Directors unanimously recommends that shareholders vote "FOR" the Transaction.
- The combined company is projected to have an implied pro forma equity market capitalization of approximately $20 billion as of November 2, 2025, and is expected to generate approximately $3.0 billion of EBITDA and $2.0 billion of free cash flow in 2026.
- The transaction, which has already received Competition Act approval, is expected to close in the first half of 2026, subject to shareholder, regulatory, and court approvals.
Dec 22, 2025, 11:33 AM
New Gold Inc. announces definitive arrangement agreement for acquisition by Coeur Mining, Inc.
NGD
M&A
Takeover Bid
- New Gold Inc. entered into a definitive arrangement agreement on November 2, 2025, for its acquisition by Coeur Mining, Inc. and its wholly-owned subsidiary, 1561611 B.C. Ltd..
- Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of common stock of Coeur for each New Gold Common Share held.
- Upon completion of the transaction, existing Coeur stockholders and New Gold shareholders will own approximately 62% and 38%, respectively, of the outstanding common stock of the combined company.
- New Gold Options, deferred share units (DSUs), and performance share units (PSUs) will be fully vested and cancelled in exchange for a cash payment from New Gold.
Nov 13, 2025, 2:27 AM
Newcore Gold Announces Drill Results from Enchi Gold Project
NGD
New Projects/Investments
- Newcore Gold Ltd. announced additional drill results from its 45,000-metre drill program at the Kwakyekrom Gold Deposit within the Enchi Gold Project in Ghana, with all 24 reported RC holes intersecting gold mineralization.
- Key intersections include 1.08 g/t Au over 22.0 m (including 2.78 g/t Au over 7.0 m) in hole KKRC099 and 1.29 g/t Au over 15.0 m in hole KKRC085A.
- These results are located outside the current pit-constrained Mineral Resource Estimate at Kwakyekrom, indicating potential for future resource growth at the project.
- The company is advancing the Enchi Gold Project towards a Pre-Feasibility Study in H1 2026.
Nov 4, 2025, 11:20 AM
New Gold Inc. to be acquired by Coeur Mining, Inc.
NGD
M&A
Takeover Bid
- Coeur Mining, Inc. will acquire New Gold Inc. through a court-approved plan of arrangement, offering 0.4959 shares of Coeur common stock for each New Gold common share, representing a 16% premium to New Gold's closing price on October 31, 2025.
- The transaction implies a total equity value of approximately $7 billion for New Gold, leading to a pro forma combined equity market capitalization of approximately $20 billion.
- Upon completion, existing Coeur stockholders will own approximately 62% and New Gold shareholders approximately 38% of the combined company.
- The combined company is expected to generate approximately $3 billion of EBITDA and $2 billion of free cash flow in 2026.
- The transaction is expected to close in H1 2026, subject to shareholder and regulatory approvals, and has been unanimously approved by both companies' Boards of Directors.
Nov 3, 2025, 11:50 AM
New Gold Announces Acquisition by Coeur Mining
NGD
M&A
Board Change
- Coeur Mining, Inc. will acquire New Gold Inc. for an implied consideration of $8.51 per New Gold common share, representing a 16% premium to New Gold's closing price on October 31, 2025.
- New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share, resulting in New Gold shareholders owning approximately 38% of the combined company.
- The combined entity is projected to generate approximately $3.0 billion of EBITDA and $2.0 billion of free cash flow in 2026, with an estimated production of 1.25 million gold equivalent ounces.
- The transaction, which values New Gold at approximately $7 billion and creates a combined company with an estimated $20 billion market capitalization, is expected to close in H1 2026, pending shareholder and regulatory approvals.
Nov 3, 2025, 11:30 AM
Quarterly earnings call transcripts for New Gold Inc. /FI.
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