Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination [Abstract]

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	467,275
Prepaid expenses and other	17,379
Property, plant and equipment and mining properties	9,585,545
Long-term stockpile	218,159
Other	3,303
Total Assets	$	10,433,589
Liabilities:
Accounts payable	94,179
Accrued liabilities and other(1)	45,170
Debt	414,767
Reclamation	144,443
Deferred tax liabilities (2)	2,793,678
Other long-term liabilities	2,651
Total liabilities	$	3,494,888
Net assets acquired	$	6,938,701

(1) In connection with the transaction, 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				Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
	In thousands
Revenue	$	1,085,592	$	791,443	$	2,276,711	$	1,417,691
Net income (loss)	$	156,835	$	(48,108)	$	368,559	$	(231,484)