New Gold (NGD) reported Q4 gold production late Thursday of 80,438 ounces and copper production of 14.5 million pounds, reflecting a 2% and 20% increase, respectively, over the previous year.

"The fourth quarter was our highest production quarter of the year," said CEO Patrick Godin. "This was during a quarter that saw New Gold deliver on key growth milestones including commercial production at New Afton's C-Zone and first ore from Rainy River underground, both ahead of schedule."

For 2024, the company said consolidated gold production reached 298,303 ounces, slightly below the updated guidance range of 300,000 to 310,000 ounces.

Full-year copper production hit 54 million pounds, meeting the midpoint of initial guidance, the company said.