Feb 20, 2025 / 01:30PM GMT
Ankit Shah - New Gold Inc - Executive Vice President - Strategy and Business Development
That both sites and increased our underlying net asset value. Our exploration efforts throughout the year successfully replace mining depletion of reserves on a gold equivalent basis. We plan to maintain this momentum in 2025 to unlock additional long-term value.
Finally, in May, we increased our exposure at New Afton to over 80% following the transaction with Ontario teachers, reducing their free cash flow interest from 46% to 19.9%. 2024 successfully positioned our company and we look forward to building on this in 2025 to create significant value for our shareholders. With that, I will turn the call over to Keith.
Keith Murphy - New Gold Inc - Chief Financial Officer, Executive Vice President
Thank you, I get. I'm on size 6, which has our operating highlights. Q4 production was pre-released back in early January, but it's worth reiterating certain points. Q4 delivered the highest production and lowest costs of the year. Production totaled approximately 80,400
Q4 2024 New Gold Inc Earnings Call Transcript
Feb 20, 2025
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