New Gold CEO Delivers 96,000oz Q2 at $1,400 AISC as Turnaround Gains Momentum

New Gold is defying the odds and proving that execution beats excuses. CEO Patrick Godin joins Kitco Mining at the Mining Forum Americas to detail how the company’s disciplined strategy has driven a 125% stock surge and returned investor confidence. With Q2 production at 96,000 gold equivalent ounces and all-in sustaining costs near $1,400, New Gold is showing what real margin expansion looks like in an inflationary environment.

Godin outlines New Gold’s blueprint for long-term growth, including a generational pivot at Rainy River and massive upside from the K-Zone at New Afton. With projects on time, on budget, and copper leverage growing, the message is clear: this turnaround is real. With debt headed below $100M, $800M in market cap gains, and new discoveries on deck, New Gold is positioning to reward shareholders—whether through buybacks, dividends, or another breakout.

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