Video News/Mining Forum Americas 2025

New Gold (TSX: NGD; NYSE American: NGD) is driving a full turnaround, according to CEO Patrick Godin. Q2 production reached 96,000 ounces of gold equivalent at an AISC of US$1,400 per ounce, with shares up 125% year over year and a market cap around US$5 billion. Speaking at Mining Forum Americas 2025, Godin said, “What we can control is the execution of our plan and to deliver our guidance.” Rainy River is positioned to maintain full mill capacity through 2030, with pushbacks, underground mining, and 130,000 additional ounces expected. At New Afton in British Columbia, the K-Zone discovery anchors a mine life well past 2040. Godin said the next step is “to deliver indicated resources for K-Zone at the beginning of next year,” with a feasibility study to follow. Balance sheet priorities include repaying the revolver by year-end, with rising free cash flow to fund exploration, K-Zone advancement, or potential buybacks and dividends.