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New Gold Inc

www: www.newgold.com   email: info@newgold.com
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
NYSEAMERICAN:NGD USD
TSE:NGD CAD

Description

New Gold Inc are a gold focused mid-tier producer with two producing mines in Canada. Currently they produce roughly 330koz. of gold per year. They have approximately 5.5Moz. of gold in the reserves and resources category of which 5.3Moz. are in the measured and indicated category. They have a market capitalisation of ~$1854.68M which is a rise of roughly 156% over the last eleven months. As of 10/08/2023 they have ~$400M debt and ~$174M cash. They have 791M shares outstanding and trade on the Toronto Stock Exchange.

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General Details

Financial 10/08/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $723.45M $1,854.68M 06/23/2024 $1,131.23M
Total Assets: $2,293.00M $2,293.00M 10/08/2023 $0.00M
Total Liabilities: $1,295.00M $1,295.00M 10/08/2023 $0.00M
Current Assets: $471.00M $471.00M 10/08/2023 $0.00M
Current Liabilities: $168.00M $168.00M 10/08/2023 $0.00M
Total Debt: $400.00M $400.00M 10/08/2023 $0.00M
Cash: $174.00M $174.00M 10/08/2023 $0.00M
Enterprise Value: $949.45M $2,080.68M 12/07/2035 $1,131.23M
Cash Flow: $40.52M $296.27M never $255.75M
Cash Flow Multiple: 17.85 6.26 never -11.59
Net Debt to
Cash Flow Ratio:		 5.58 0.76 never -4.81
Finance within 1 year: 10/08/2023 n/a
Misc 10/08/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 684,000,000 790,535,918 06/23/2024 106,535,918
Shares (FD): 689,000,000 796,000,000 06/23/2024 107,000,000
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 10/08/2023 n/a
Production (Gold Eq Oz.): (guess) 
400,000		 (guess) 
330,000		 06/23/2024 -70,000
Production (Silver Eq Oz.): (guess) 
33,875,572		 (guess) 
29,406,850		 06/23/2024 -4,468,722
Initial CapEx (Outstanding): n/a n/a 10/08/2023 n/a
Funding Option: n/a n/a 10/08/2023 n/a
Documentation: none PRODUCER 06/23/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.25
Producer: Quality
 06/23/2024 0
Cash Flow Multiplier: 10 12 05/13/2024 2.00

Resource Data

GOLD 10/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 4.00M 3.20M 05/13/2024 -0.80M
Measured & Indicated: 6.50M 5.30M 05/13/2024 -1.20M
Inferred: 0.50M 0.20M 05/13/2024 -0.30M
Reserves & Resources: 7.00M 5.50M never -1.50M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 3.60M 2.88M 05/13/2024 -0.72M
Measured & Indicated: 5.40M 4.39M 05/13/2024 -1.01M
Inferred: 0.23M 0.09M 05/13/2024 -0.14M
Reserves & Resources: 5.63M 4.48M never -1.14M
C
U
R
R
E
N
T		 Annual Production: (guess) 
400,000oz.		 (guess) 
330,000oz.		 06/23/2024 -70,000oz.
Cash Cost: $1,100 $1,100 05/13/2024 $0.00
Extra Operating Cost: $650 $500 05/13/2024 $-150.00
Total: $1,750 $1,600 05/13/2024 $-150.00
Margin (Free Cash Flow): $101 (5%) $898 (36%) $796.50
G
R
A
D
E		 Underground (Avg): 1.00 g/t 3.00 g/t 03/24/2024 2.00 g/t
Open Pit (Avg): n/a 0.70 g/t 03/24/2024 0.70 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 06/23/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 6.00M 5.00M 05/13/2024 -1.00M
Annual Production: 400,000oz. 450,000oz. 06/23/2024 50,000oz.
Cash Cost: $1,100 $800 06/23/2024 $-300
Extra Operating Cost: $600 $500 06/23/2024 $-100
SILVER 10/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 10/08/2023 0.00M
Measured & Indicated: n/a n/a 10/08/2023 0.00M
Inferred: n/a n/a 10/08/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 10/08/2023 0.00M
Measured & Indicated: n/a n/a 10/08/2023 0.00M
Inferred: n/a n/a 10/08/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 10/08/2023 $0.00
Extra Operating Cost: n/a n/a 10/08/2023 $0.00
Total: n/a n/a 10/08/2023 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 10/08/2023 n/a
Open Pit (Avg): n/a n/a 10/08/2023 n/a
Recovery Rate: n/a n/a 10/08/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 10/08/2023 0.00M
Annual Production: n/a n/a 10/08/2023 n/a
Cash Cost: n/a n/a 10/08/2023 n/a
Extra Operating Cost: n/a n/a 10/08/2023 n/a

Property

Last Analysis Data  (10/08/2023)
Stage Name Owned Au Ag Cu Notes
Prod New Afton 100% n/a
Prod Rainy River 100% show
4M oz deposit.
250k production /yr
Total Land Package Size (ha): 15,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod New Afton 80% n/a
Prod Rainy River 100% show
3M oz deposit.
300k production /yr
Total Land Package Size (ha): 15,000  

Profitability (by resource)

Proven &
Probable		 10/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 4.00M 3.20M n/a -0.80M
Total (Silver Eq. Oz.): n/a n/a n/a -53.60M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 3.60M 2.88M n/a -0.72M
Silver Eq. Oz.: n/a n/a n/a -48.24M
Maximum Profit (Gold): $364.68M $2,585.66M n/a $2,220.98M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $364.68M $2,585.66M n/a $2,220.98M
Max Profit / Current MCap: 0.504 1.394 n/a 0.890
Max Profit Per Share (Gold): $0.53 $3.25 n/a $2.72
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.53 $3.25 n/a $2.72
Total Free Profit Per Share: $0.00 $0.92 n/a $0.92
FD MCap / Gold Eq.: $200.96 $643.99 n/a $443.03
FD MCap / Silver Eq.: $2.37 $7.23 n/a $4.85
FD MCap / Per Metal
as % Spot Price:		 10.85% 25.78% n/a 14.93%
Measured &
Indicated		 10/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 6.50M 5.30M n/a -1.20M
Total (Silver Eq. Oz.): n/a n/a n/a -78.19M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.40M 4.39M n/a -1.01M
Silver Eq. Oz.: n/a n/a n/a -65.94M
Maximum Profit (Gold): $547.02M $3,943.14M n/a $3,396.12M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $547.02M $3,943.14M n/a $3,396.12M
Max Profit / Current MCap: 0.756 2.126 n/a 1.370
Max Profit Per Share (Gold): $0.79 $4.95 n/a $4.16
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.79 $4.95 n/a $4.16
Total Free Profit Per Share: $0.00 $2.62 n/a $2.62
FD MCap / Gold Eq.: $133.97 $422.29 n/a $288.31
FD MCap / Silver Eq.: $1.58 $4.74 n/a $3.16
FD MCap / Per Metal
as % Spot Price:		 7.24% 16.91% n/a 9.67%

Reserves &
Resources		 10/08/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.00M 5.50M n/a -1.50M
Total (Silver Eq. Oz.): n/a n/a n/a -102.71M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.63M 4.48M n/a -1.14M
Silver Eq. Oz.: n/a n/a n/a -76.98M
Maximum Profit (Gold): $569.81M $4,023.94M n/a $3,454.13M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $569.81M $4,023.94M n/a $3,454.13M
Max Profit / Current MCap: 0.788 2.170 n/a 1.382
Max Profit Per Share (Gold): $0.83 $5.06 n/a $4.23
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.83 $5.06 n/a $4.23
Total Free Profit Per Share: $0.00 $2.73 n/a $2.73
FD MCap / Gold Eq.: $128.61 $413.81 n/a $285.19
FD MCap / Silver Eq.: $1.52 $4.64 n/a $3.13
FD MCap / Per Metal
as % Spot Price:		 6.95% 16.57% n/a 9.62%

Future Valuation (Cash Flow & Totals)

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