New Gold Inc.

TSX:NGD Stock Report

Market Cap: CA$4.7b

New Gold Management

Management criteria checks 4/4

New Gold's CEO is Pat Godin, appointed in Nov 2022, has a tenure of 2.5 years. total yearly compensation is $3.03M, comprised of 19.5% salary and 80.5% bonuses, including company stock and options. directly owns 0.037% of the company’s shares, worth CA$1.74M. The average tenure of the management team and the board of directors is 2.1 years and 4 years respectively.

Key information

Pat Godin

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage19.54%
CEO tenure2.5yrs
CEO ownership0.04%
Management average tenure2.1yrs
Board average tenure4yrs

Recent management updates

Recent updates

New Gold Inc.'s (TSE:NGD) 33% Price Boost Is Out Of Tune With Revenues

Mar 28
New Gold Inc.'s (TSE:NGD) 33% Price Boost Is Out Of Tune With Revenues

Is New Gold (TSE:NGD) Using Too Much Debt?

Mar 17
Is New Gold (TSE:NGD) Using Too Much Debt?
author-image

Early Project Milestones At Rainy River And Afton Will Strengthen Future Operations

Delivered key milestones ahead of schedule and increased stake at New Afton, enhancing asset value and future revenue share.

It's A Story Of Risk Vs Reward With New Gold Inc. (TSE:NGD)

Jan 29
It's A Story Of Risk Vs Reward With New Gold Inc. (TSE:NGD)

Is New Gold (TSE:NGD) A Risky Investment?

Nov 26
Is New Gold (TSE:NGD) A Risky Investment?

New Gold's (TSE:NGD) Shareholders Should Assess Earnings With Caution

Nov 05
New Gold's (TSE:NGD) Shareholders Should Assess Earnings With Caution

Potential Upside For New Gold Inc. (TSE:NGD) Not Without Risk

Jul 04
Potential Upside For New Gold Inc. (TSE:NGD) Not Without Risk

Investors Still Aren't Entirely Convinced By New Gold Inc.'s (TSE:NGD) Revenues Despite 43% Price Jump

Mar 30
Investors Still Aren't Entirely Convinced By New Gold Inc.'s (TSE:NGD) Revenues Despite 43% Price Jump

Is New Gold (TSE:NGD) Using Too Much Debt?

Mar 12
Is New Gold (TSE:NGD) Using Too Much Debt?

Not Many Are Piling Into New Gold Inc. (TSE:NGD) Just Yet

Jan 19
Not Many Are Piling Into New Gold Inc. (TSE:NGD) Just Yet

Is New Gold (TSE:NGD) A Risky Investment?

Jul 12
Is New Gold (TSE:NGD) A Risky Investment?

Is New Gold (TSE:NGD) A Risky Investment?

Mar 02
Is New Gold (TSE:NGD) A Risky Investment?

New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt

Aug 20
New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt

CEO Compensation Analysis

How has Pat Godin's remuneration changed compared to New Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

US$129m

Dec 31 2024US$3mUS$591k

US$103m

Sep 30 2024n/an/a

US$20m

Jun 30 2024n/an/a

-US$20m

Mar 31 2024n/an/a

-US$76m

Dec 31 2023US$3mUS$528k

-US$64m

Sep 30 2023n/an/a

-US$54m

Jun 30 2023n/an/a

-US$55m

Mar 31 2023n/an/a

-US$91m

Dec 31 2022US$726kUS$281k

-US$67m

Compensation vs Market: Pat's total compensation ($USD3.03M) is about average for companies of similar size in the Canadian market ($USD2.85M).

Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.

CEO

Pat Godin (55 yo)

2.5yrs
Tenure
US$3,025,638
Compensation

Mr. Patrick Godin, also known as Pat, B.Sc., P.Eng., M. Eng., Asc., Eng., served as the Vice President and Chief Operating Officer at Pretium Resources Incorporated since August 1, 2020. He serves as Chief...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Godin
CEO, President & Director2.5yrsUS$3.03m0.037%
CA$ 1.7m
Keith Murphy
Executive VP & CFO2.1yrsUS$995.53k0.0081%
CA$ 384.0k
Luke Buchanan
Vice President of Technical Servicesno dataUS$944.26kno data
Ankit Shah
Executive VP & Chief Strategy Officerno dataUS$1.24m0.026%
CA$ 1.2m
Travis Murphy
Vice President of Operationsless than a yearno datano data
Brandon Throop
Director of Investor Relationsno datano datano data
Sean Keating
VP, General Counsel & Corporate Secretary5.5yrsUS$891.81k0.022%
CA$ 1.0m
Dan Sharkey
Chief Human Resources Officerless than a yearno datano data
Jean-Francois Ravenelle
Vice President of Geology2.1yrsno datano data
Paul Melling
Treasurer1.3yrsno datano data
Jeff LaMarsh
General Manager of New Aftonno datano datano data
Gord Simms
General Manager of Rainy Riverno datano datano data
2.1yrs
Average Tenure

Experienced Management: NGD's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Godin
CEO, President & Director22.5yrsUS$3.03m0.037%
CA$ 1.7m
Richard O'Brien
Independent Chairman of the Board1.2yrsUS$182.78kno data
Ross Bhappu
Independent Directorless than a yearUS$63.22kno data
Thomas McCulley
Independent Director4yrsUS$133.90kno data
Christian Milau
Independent Directorless than a yearUS$80.90k0.0025%
CA$ 118.0k
Marilyn Schonberner
Independent Director7.9yrsUS$158.24kno data
Gillian Davidson
Independent Director7.1yrsUS$151.28kno data
Nicholas Chirekos
Independent Director6yrsUS$144.33kno data
Sophie Bergeron
Independent Directorless than a yearUS$63.22kno data
4.0yrs
Average Tenure
55yo
Average Age

Experienced Board: NGD's board of directors are considered experienced (4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/27 21:46
End of Day Share Price 2025/05/27 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

New Gold Inc. is covered by 35 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Farooq HamedBarclays
Brian QuastBMO Capital Markets Equity Research
Lawson WinderBofA Global Research