New Gold (NYSE American: NGD; TSX: NGD) CEO Patrick Godin says disciplined execution and reinvestment transformed the company ahead of its approved acquisition by Coeur Mining. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Godin outlined how Rainy River’s open pit was once expected to end in 2027 and the underground in 2030. Through sustained exploration investment, mine life has now been extended to 2035, materially reshaping the company’s long-term outlook.

Godin said the transaction expands New Gold from a two-asset producer into a seven-asset, North America-focused portfolio with meaningful silver exposure alongside gold and copper. Shareholders approved the deal with a 99% vote. “We planned the mine, and we mined the plan,” he said, describing a shift toward tighter operational discipline and accountability. The combination adds scale, reduces asset concentration risk, and positions the company for greater stability across commodity cycles.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/

00:24 - New Gold Turnaround Blueprint and Culture Reset
01:40 - Planning Discipline and Cash Flow Reinvestment
02:51 - Rainy River Mine Life Extended to 2035
04:17 - Talent Retention and Workforce Challenges in Mining
09:22 - Why Sell After Recovery and 99% Shareholder Vote
10:42 - Portfolio Fit, Commodity Mix and Risk Diversification
13:13 - Consolidation Trends and Mining Talent Gap
14:46 - Sector Outlook, Capital Discipline and Technology
17:52 - What’s Next for Patrick Godin?
__________________________________________________________________

Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.

Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com

Stay connected with us
X - https://x.com/KitcoMining
Instagram - https://www.instagram.com/kitcomining
LinkedIn - https://www.linkedin.com/company/kitco-mining
Facebook - https://www.facebook.com/KitcoMining

Connect with the Kitco Mining anchors
Paul Harris - https://x.com/paulharrisgold

For more in-depth mining coverage, visit us here - https://www.kitco.com/mining

Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.

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 Extends Rainy River to 2035 After 99% Vote for Coeur Deal

Kitco MINING

New Gold Extends Rainy River to 2035 After 99% Vote for Coeur Deal