New Gold Reports Strong Performance and Strategic Growth Plans in Q1 2024 Earnings Call
Wednesday, 1 May 2024, 15:15
New Gold (NGD) Q1 2024 Earnings Call Transcript
Overview:
New Gold (NGD) reported a strong start to the year with solid operational performance and progress on growth projects.
Operational Highlights:
- Exceeded quarterly plans at Rainy River and New Afton operations
- Made significant progress on waste stripping and development projects
- Steady progress towards increased production and cash flow in the second half of 2024
Financial Results:
- Consolidated all-in sustaining costs remained in line with forecasts
- Q1 revenue impacted by planned lower sales volumes and higher gold prices
- Net earnings affected by lower revenues but positioned for growth in the second half of the year
Future Outlook:
New Gold remains committed to strategic goals, including exploration to support sustainable production growth and achieve annual targets.
Important points: Strategic growth plans, solid operational performance, steady progress on growth projects, commitment to exploration for future sustainability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.