Welcome to our dedicated page for New Found Gold news (Ticker: NFGC), a resource for investors and traders seeking the latest updates and insights on New Found Gold stock.
New Found Gold Corp. (TSXV: NFG, NYSE American: NFGC) generates frequent news flow as it advances a portfolio of gold assets in Newfoundland and Labrador, Canada. The company’s releases cover exploration and development at its 100%-owned Queensway Gold Project, as well as activities within its Maritime Division, which includes the Hammerdown Gold Project and associated processing infrastructure.
On this page, readers can follow detailed updates on drilling and excavation across key zones at Queensway. Recent news has highlighted infill and expansion drilling in the Appleton Fault Zone Core at areas such as Monte Carlo, K2, Jackpot, Keats and Iceberg, with reported high-grade gold intercepts over significant widths. Additional coverage includes exploration drilling at the AFZ Peripheral area, where zones like Dropkick and Blue Jay are being tested and expanded along strike and to depth.
Company news also addresses corporate and strategic developments. Examples include the completion of the business combination with Maritime Resources Corp., which created the Maritime Division; property acquisitions that expand the Queensway land position; and the engagement of a project finance advisor to evaluate financing alternatives for Queensway’s development. Regulatory milestones, such as securityholder approvals for transactions, and updates on financial statement filings and share-based compensation grants, are also reported.
Investors and followers of NFGC stock can use this news feed to monitor how New Found Gold advances its PEA-stage Queensway project, works toward steady-state production at Hammerdown, and manages project financing and corporate transactions. Regular updates on drilling results, technical programs, feasibility work and corporate actions provide insight into the company’s progress and evolving asset base.
New Found Gold (NYSE American: NFGC) reported additional 2025 grade-control drill results from the Keats zone at the Queensway Gold Project on February 2, 2026. Highlights include 508 g/t Au over 2.20 m, 113 g/t Au over 3.75 m and 9.29 g/t Au over 37.60 m, with many high-grade intervals occurring at or near surface.
The release covers 1,230 m in 36 DDH (part of an 84-DDH KEGCDP) and says results so far correlate with the existing MRE and will support an updated mid-2026 technical report.
New Found Gold (NYSE American: NFGC) entered a Phase 1 EPCM contract with WSP Canada to advance the 100%‑owned Queensway Gold Project, following its 2025 PEA. EPCM scope covers site development and detailed engineering for an offsite milling strategy that leverages the company's owned, fully permitted Pine Cove mill and Nugget Pond hydromet plant.
The company substantially completed environmental baseline work and plans to file an Environmental Registration in late Q1/26 to start the NL environmental assessment process. Project finance advisory engagement with Cutfield Freeman is ongoing. Target: first gold pour from Queensway Phase 1 in H2/27, subject to permits and financing. An updated technical report with a revised mineral resource is planned for mid‑2026.
New Found Gold (NYSE American: NFGC) has restarted its 2026 Queensway drill program with four rigs active and reports further 2025 K2 infill results. The release covers 4,025 m of drilling across 34 holes at K2 (H2/25) and lists multiple high‑grade intercepts, including 18.86 g/t Au over 2.40 m, 5.29 g/t Au over 11.85 m, and 5.22 g/t Au over 14.90 m. Initial 2026 work targets PEA Phase 2 open pit resource conversion and later Phase 3 underground conversion, plus exploration at Bullseye along the Appleton Fault Zone. Approximately 1,632 m of 2025 K2 drilling remain pending, and ~50% of total 2025 Queensway results are outstanding.
New Found Gold (NYSE: NFGC) says 2025 was transformational as it moved from explorer to an emerging Canadian gold producer with a multi-asset portfolio in Newfoundland and Labrador.
Key 2025 milestones include a C$63M bought deal and C$20M private placement, an initial MRE of 1.39 Moz indicated plus 0.61 Moz inferred, a PEA showing C$743M after-tax NPV5% and 56.3% after-tax IRR at US$2,500/oz, 1.5 Moz LOM production, LOM AISC US$1,256/oz, Phase 1 capex ~C$155M, and strategic acquisitions adding Hammerdown and processing infrastructure. The company targets Hammerdown ramp in 2026 and Queensway Phase 1 start in H2/2027.
New Found Gold (NYSE American: NFGC) released infill drill results from the Monte Carlo zone on December 11, 2025, reporting 2,306 m of drilling in 28 diamond drill holes as part of its 2025 Queensway program.
Highlights include multiple high-grade intercepts such as 22.4 g/t Au over 4.75 m (NFGC-25-2462), 25.5 g/t Au over 2.70 m (NFGC-25-2447) and 12.8 g/t Au over 3.20 m (NFGC-25-2473). The infill campaign targets upgrade of Phase 1/2 open-pit resources from inferred to indicated for an MRE update planned H1/26.
New Found Gold (NYSE American: NFGC) completed its acquisition of a 100% interest in certain mineral claims from Exploits Discovery, expanding the Queensway Gold Project by up to 31% to 230,225 hectares on December 5, 2025. The Claims adjoin Queensway and consolidate over 110 kilometres of strike along the Appleton and JBP fault zones. Consideration included issuance of 2,821,556 common shares, a 1.0% NSR royalty (with an option to buy 0.5% for CDN$750,000), and contingent issuance of 725,543 shares pending a court determination. The company also granted 300,000 restricted share units to a director under its 5% rolling plan (vesting 1/3 yearly). Technical disclosure was approved by Qualified Person Melissa Render, P.Geo.
New Found Gold (NYSE American: NFGC) released initial grade control drilling results from the Keats excavation at the Queensway Gold Project on December 1, 2025.
Results from the first 16 of 84 grade-control diamond holes (≈638 m) highlight multiple near-surface high-grade intercepts, including 219 g/t Au over 9.35 m and 160 g/t Au over 10.30 m. The KEGCDP tests a ~65 m by 30 m by 40 m volume at 5 m spacing; the full program totals 84 DDH, 2,772 m. Company says results conform with the MRE block model and will support an MRE update and PEA Phase 1 mine planning.
New Found Gold (TSXV: NFG, NYSE American: NFGC) engaged Cutfield Freeman & Co. Ltd. as project finance advisor for the Queensway Gold Project in Newfoundland and Labrador.
CF&Co will evaluate financing alternatives, act as the primary contact with financiers, manage due diligence with short-listed lenders and advise management and the board on final financing selection. The company referenced the 2025 Preliminary Economic Assessment and noted a $155 million initial capital expenditure to fund Phase 1 production currently targeted for H2/27.
New Found Gold (NYSE American: NFGC) reported infill and expansion drilling results from the K2 and Jackpot zones within the AFZ Core at the Queensway Gold Project on November 19, 2025. Results cover 5,777 m across 46 diamond drill holes (DDH) completed in H2/25, including high-grade intercepts such as 16.72 g/t Au over 12.25 m (NFGC-25-2416) and 5.32 g/t Au over 18.85 m (NFGC-25-2453).
The program aims to convert PEA Phase 1 open pit inferred resources to indicated and to test depth extension at K2; an updated MRE is planned for H1/26. The 2025 Queensway drill program is ~85% complete of a planned 70,000 m campaign.
Eric Sprott (through 2176423 Ontario Ltd.) acquired 7,691,250 common shares and 2,000,025 warrants of New Found Gold Corp (NFGC) following the closing of a statutory plan of arrangement between New Found Gold and Maritime Resources on November 13, 2025.
Prior to the arrangement Mr. Sprott held 56,224,015 NFGC shares; after the transaction he beneficially owns 63,915,265 NFGC shares and 2,000,025 NFGC warrants, representing ~18.9% of outstanding shares (non-diluted) and ~19.4% on a partially diluted basis.
Mr. Sprott no longer holds securities of Maritime Resources and ceased to be an insider of Maritime Resources.