New Gold (TSX: NGD; NYSE American: NGD) CEO Patrick Godin joins Kitco Mining at the 2025 NBC Capital Markets CEO Mining Conference in London to break down a year defined by a full operational turnaround and a proposed merger with Coeur Mining. New Gold delivered one of the strongest quarters in the sector, producing more than 115,000 ounces of gold and 12 million pounds of copper while cutting all-in sustaining costs to $966 per ounce, enabling over $200 million in free cash flow. As Godin explains, “We mine the plan exactly as expected, and the results are there,” with Rainy River alone producing 100,000 ounces in the quarter.

Godin details why New Gold chose to combine with Coeur, pointing to deeper project optionality, longer mine lives, and more stable long-term capital allocation across seven North American operations. He also highlights the shared safety culture, stronger copper-gold-silver exposure and the company’s focus on retaining its agile technical and operational teams. With mine life visibility into 2031–2033 and growing momentum at both Rainy River and New Afton, New Gold sees the transaction as a platform for increased scale and sustained value creation.

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Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

New Gold Achieves $966 AISC and Record Cash Flow Ahead of Coeur Merger

Kitco MINING