New Gold’s (NGD) Rainy River Drives Record Cash Flow in Q2 2025

New Gold Inc. (NYSEAMERICAN:NGD) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 28, New Gold Inc. (NYSEAMERICAN:NGD) reported Q2 2025 results. The company reported that quarter-over-quarter production growth helped it achieve strong cash flow from operations of $163 million and a record free cash flow of $63 million.

A key factor driving this strong performance was the Rainy River project, which generated a record $45 million of quarterly free cash flow. The Rainy River project achieved a monthly production record in June and the project is on track for continued ramp-up throughout the year.

New Gold’s (NGD) Rainy River Drives Record Cash Flow in Q2 2025

Aerial view of an open mine with large cranes and excavators working on the surface.

This second-quarter performance builds on the positive momentum from the first quarter. New Gold Inc.’s (NYSEAMERICAN:NGD) strong cash flow from operations allowed it to invest about $58 million in Q2 to advance growth projects.

New Gold Inc. (NYSEAMERICAN:NGD) is an intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine.

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Disclosure: None. This article is originally published at Insider Monkey.