New Gold Inc. (NYSE:NGD) Q2 2024 Results Conference Call July 31, 2024 8:30 AM ET

Company Participants

Ankit Shah - EVP, Strategy and Business Development
Patrick Godin - President and CEO
Keith Murphy - CFO
Luke Buchanan - VP, Technical Services
Jean-Francois Ravenelle - VP, Geology

Conference Call Participants

Eric Winmill - Scotiabank
Anita Soni - CIBC World Markets
Jeremy Hoy - Canaccord
Mike Parkin - National Bank

Operator

Good morning. My name is Ludy, and I'll be your conference operator today. Welcome to the New Gold’s Second Quarter 2024 Earnings Conference Call [Operator Instructions]. I would now like to hand the conference over to Ankit Shah, Executive Vice President of Strategy and Business Development. Please go ahead.

Ankit Shah

Thank you, Ludy. And good morning, everyone. We appreciate you joining us today for New Gold’s second quarter 2024 earnings conference call and webcast. On the line today we have Patrick Godin, President and CEO; and Keith Murphy, our CFO. In addition, we also have Luke Buchanan, Vice President Technical Services; and Jean-Francois Ravenelle, Vice President Geology, available for the question and answer portion of the call. Should you wish to follow along with the webcast, please sign in from our home page at newgold.com. Before the team begins the presentation, I'd like to direct your attention to our cautionary language related to forward-looking statements found on Slide 2 of the presentation. Today's commentary includes forward-looking statements relating to New Gold. In this respect, we refer you to our detailed cautionary note regarding forward looking statements in the presentation. You are cautioned that actual results and future events could differ materially from those expressed or implied in forward-looking statements. Slide 2 provides additional information and should be reviewed. We also refer you to the section entitled Risk Factors in New Gold's latest AIF, MD&A and other filings available on SEDAR+, which set out certain material factors that could cause actual results to differ. In addition, at the conclusion of the presentation, there are a number of end notes that provide important information and should be reviewed in conjunction with the material presented. I'll now turn the call over to Pat for his remarks.

Patrick Godin

Thanks, Ankit. Before discussing the quarter, I would like to take a moment to discuss last week's events when we experienced the fatality at the Rainy River mine. More specifically, we lost a colleague. Our thoughts continue to be with his family and friends. Every quarterly call, I start by talking about safety. I talk about our courage to care culture. I do this because I believe that the key to consistent and disciplined production start with safe production. It starts with the courage to care for our colleagues, looking out for one another, stopping work if it's not safe and answering everyone goes on to their family and friends safely at the end of every shift. I've been proud of the health and safety performance by our operation and by the commitment of all employees. We have been able to celebrate the awards and milestone together, but in the instance, we mourn together with the family, friends and colleagues who have been impacted by this tragic incident. I will now talk about our second quarter. The second quarter saw New Gold deliver another quarter as planned. During the quarter, our New Afton mine won two separate award for having the lowest total recordable injury frequency rate in 2023. The first being the safest large underground mine in BC presented by the BC Ministry of Energy, Mines and Low Carbon Innovation and the second being the John T. Ryan Regional CT Award in mines in BC and Yukon, presented by the Canadian Institute of Mining. I'm pleased to take a moment to recognize their accomplishments.