New Gold: A Solid Buy-The-Dip Candidate
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New Gold missed its 2024 production guidance but exceeded its cost guidance midpoint. The company is on track with its C-Zone and Main Zone UG projects, which are expected to boost production and margins, leading to increased free cash flow.
March 10, 2025 | 7:15 pm
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New Gold missed its 2024 production guidance but exceeded its cost guidance midpoint. The company is on track with its C-Zone and Main Zone UG projects, which are expected to boost production and margins, leading to increased free cash flow.
Despite missing production guidance, New Gold's ability to beat cost guidance and remain on schedule with key projects suggests potential for future growth. This could lead to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100