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News  ›  The Motley Fool

Why New Gold Stock's Investors Hit Pay Dirt Today

The Motley Fool Logo The Motley Fool By Joe Tenebruso
Why New Gold Stock's Investors Hit Pay Dirt Today

New Gold reported strong Q3 results with increased gold and copper production, record free cash flow of $205 million, and reduced debt, leading to an 11% stock price increase.

Insights
BIO.B   negative

Stock dropped over 3% despite beating earnings estimates due to low revenue growth (0.5%), flat future guidance, and ongoing challenges in biotech funding and academic research


NGD   positive

Strong Q3 performance with 63% production increase at Rainy River mine, record free cash flow, debt reduction, and positive production outlook for 2025