Acquisitions (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Purchase Price and Acquired Assets and Liabilities


(Amounts in thousands, except shares and share price amounts)
Common shares issued (392,682,578 at $17.67)	$	6,938,701

Total purchase price	$	6,938,701
Assets:
Cash and cash equivalents	$	128,259
Short-term receivables	13,669
Inventory	489,032



Prepaid expenses and other	17,379
Property, plant and equipment and mining properties	9,628,460
Long-term stockpile	195,591
Other	3,303
Total Assets	$	10,475,693
Liabilities:
Accounts payable	94,179
Accrued liabilities and other(1)	40,314
Debt	424,822
Reclamation	141,234
Deferred tax liabilities (2)	2,833,201
Other long-term liabilities	3,242
Total liabilities	$	3,536,992



Net assets acquired	$	6,938,701

(1) As of March 31, 2026, 1.4 million cash-settled replacement restricted units were granted.

(2) Deferred income tax liabilities represent the future tax expense associated with the differences between the fair value allocated to assets and liabilities and a tax basis increase to the fair value of the assets acquired in Canada and the historical carryover tax basis of assets and liabilities in all other jurisdictions.

Schedule of Pro Forma Information

The following unaudited pro forma financial information presents consolidated results assuming the New Gold Transaction occurred on January 1, 2025.


	Three Months Ended
	March 31, 2026		March 31, 2025
	In thousands
Revenue	$	1,191,119	$	626,248
Net income (loss)	$	211,723	$	(183,376)