New Gold Inc. /FI (NGD) Operating Expenses (2009 - 2025)
New Gold (NGD) posted quarterly Operating Expenses of $110.8 million for Q4 2025, down 65.79% year-over-year from $323.9 million in Q4 2024, and down 15.55% quarter-over-quarter from $131.2 million in Q3 2025.
New Gold Inc. /FI (NGD) Operating Expenses (2009 - 2025) Analysis & Trends
New Gold (NGD) has reported Operating Expenses for 17 consecutive years, with $110.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 65.79% year-over-year to $110.8 million; the TTM figure through Dec 2025 stood at $456.4 million (down 29.55% YoY), while the FY2025 annual figure was $456.4 million, up 4.61% from the prior year.
- Operating Expenses declined to $110.8 million in Q4 2025 per NGD's latest filing, from $131.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $329.6 million in Q4 2023 and bottomed at $79.8 million in Q2 2022.
- Historically, Operating Expenses has averaged $134.5 million across 5 years, with a median of $107.2 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 175.3% — and 2025, when it slumped 65.79%.
- New Gold's Operating Expenses stood at $99.6 million in 2021, then surged by 175.3% to $274.2 million in 2022, then climbed by 20.2% to $329.6 million in 2023, then retreated by 1.73% to $323.9 million in 2024, then plunged by 65.79% to $110.8 million in 2025.
- Business Quant data shows NGD's Operating Expenses at $110.8 million in Q4 2025, $131.2 million in Q3 2025, and $111.0 million in Q2 2025.
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Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 110.80 Mn |
| Sep 30, 2025 | 131.20 Mn |
| Jun 30, 2025 | 111.00 Mn |
| Mar 31, 2025 | 103.40 Mn |
| Dec 31, 2024 | 323.90 Mn |
| Sep 30, 2024 | 107.60 Mn |
| Jun 30, 2024 | 109.50 Mn |
| Mar 31, 2024 | 106.80 Mn |
| Dec 31, 2023 | 329.60 Mn |
| Sep 30, 2023 | 107.50 Mn |
| Jun 30, 2023 | 104.90 Mn |
| Mar 31, 2023 | 117.20 Mn |
| Dec 31, 2022 | 274.20 Mn |
| Sep 30, 2022 | 99.20 Mn |
| Jun 30, 2022 | 79.80 Mn |
| Mar 31, 2022 | 95.20 Mn |
| Dec 31, 2021 | 99.60 Mn |
| Sep 30, 2021 | 88.60 Mn |
| Jun 30, 2021 | 95.20 Mn |
| Mar 31, 2021 | 93.90 Mn |