'Can you do more?' - New Gold's Patrick Godin on investors pushing miners to grow

Gold and copper production are increasing at New Gold, noted CEO Patrick Godin. 

Godin spoke with Kitco Mining last month during the Gold Forum Americas/XPL-DEV 2024 in Colorado.

New Gold Inc. (TSX: NGD) is a Canadian-focused intermediate mining company operating the Rainy River gold mine and the New Afton copper-gold mine. The company also holds additional Canadian-focused investments.

New Gold is expanding its production. Consolidated gold output is projected to increase by approximately 35% from 2023, reaching 410,000 to 460,000 ounces in 2026 at both Rainy River and New Afton. Copper production is expected to grow by about 60% over the same period, reaching 71 to 81 million pounds by 2026.

Godin mentioned that while investors are mostly satisfied with the performance of the gold miners, they are eager for further growth.

"Shareholders are...asking us: 'Okay, what's next?'," said Godin. "They appreciate that we’re adding value through exploration and organic growth, but the next question is: 'Can you do more?'"

Coverage of the Gold Forum Americas/XPL-DEV 2024 is sponsored by Metalla Royalty.

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