New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. is headquartered …
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Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.86), demonstrating pricing resilience across cycles.
New Gold Inc. ranks #24 of 49
scored companies in Gold by moat score — the top 49%.
The widest moat in the group is Agnico Eagle Mines Limited (AEM)
at 78/100.
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 48
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 68
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 52
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 35
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 28
· 15% of the moat score
Scale matters only when it converts into economics.
New Gold Inc. (NGD) scores 48 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #24 of 49 scored companies in Gold, the top 49%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Customer Stickiness (68/100) and its weakest is Scale & Market Position (28/100).
How does New Gold Inc. compare with other Gold companies?
New Gold Inc. ranks #24 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are SSR Mining Inc. (SSRM) at 48 just above it and TRX Gold Corporation (TRX) at 47 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.
Why is New Gold Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for New Gold Inc.?
The Corporate Default template measures 6 defenses, and NGD scores: Pricing Power (53), Cost Advantage (48), Customer Stickiness (68), Capital Efficiency (52), Resilience (35), Scale & Market Position (28). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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