Video News/NBC London CEO Mining Conference 2025

New Gold (TSX: NGD; NYSE American: NGD) CEO Patrick Godin says the company’s third quarter marked a turning point, with more than 115,000 ounces of gold, 12 million pounds of copper and all-in sustaining costs dropping to $966 per ounce. The performance generated record free cash flow above $200 million and included Rainy River producing over 100,000 ounces, which Godin attributes to disciplined mine planning and stronger mill performance. “We mine the plan exactly as expected and the results are there,” he said. Godin outlined why New Gold agreed to merge with Coeur Mining, citing longer mine lives, deeper project optionality, and a more stable capital allocation profile across seven North American operations. He noted that both companies share aligned values on safety, community engagement and ESG, and that New Gold’s leadership team will play a role in the combined group. With mine life visibility to 2031–2033 and continued exploration potential, Godin said the transaction aims to create a more resilient vehicle for long-term growth.