New Found Gold Corp. reports developments for an emerging Canadian gold company with assets in Newfoundland and Labrador. The company holds 100% interests in the Queensway Gold Project and Hammerdown Gold Project, including the Hammerdown deposit and Pine Cove milling and tailings facilities.
Recurring updates focus on drill results, mineralization continuity and zone expansion at Queensway, including the AFZ Core, Keats, Iceberg, Keats West and Dropkick areas along the Appleton Fault Zone. Company news also covers grade-control work, mine-planning support, NI 43-101 technical reports and preliminary economic assessments, common-share financings, development financing arrangements and annual disclosure filings.
New Found Gold (NFGC) released a revised preliminary economic assessment and updated mineral resource estimate for its Queensway gold project.
The study estimates C$1,727.6 million after-tax net present value, discounted at 5%, and a 125.8% internal rate of return at US$3,600 gold per ounce. It projects 1.744 million ounces produced over 15 years, with all-in sustaining costs of US$1,375 per ounce. Measured and indicated resources increased 38% to 1.920 million ounces.
Initial capital is C$149.8 million, with C$832.1 million in growth capital and C$970.8 million in sustaining capital. The company says initial capital is fully funded and expects project cash flows to fund later phases. First Queensway material is expected at the expanded Pine Cove mill in Q4/27; underground mining is planned for 2030 and onsite processing for 2031. All amounts are Canadian dollars unless marked US$.
New Found Gold (NFGC) reported preliminary third-quarter 2026 gold production of 4,863 ounces from its wholly owned Hammerdown mine. Commercial production began August 19, 2026. Gold sales totaled 6,035 ounces at an average realized price of US$4,310 per ounce, with gold recovery of 85%. Year-to-date production reached 10,670 ounces.
Cash and cash equivalents were approximately C$167 million at September 30, down from C$194 million at June 30; debt remained C$70 million. A further C$35 million debt facility is available subject to conditions. The company anticipates lifetime annual production of 20,000–25,000 ounces at an all-in sustaining cost, a broader measure of production costs, of approximately US$2,500 per ounce. It expects substantial completion of the permanent crusher and sorter in Q4 2026 and completion of the Pine Cove circuit conversion in Q4 2027.
New Found Gold (NFGC) declared commercial production at its 100%-owned Hammerdown Gold Mine in central Newfoundland, effective August 19, 2026.
Commercial status followed 60 consecutive days with Pine Cove Mill throughput averaging ~748 tpd (above the 700 tpd nameplate), gold recovery of 87.7%, and average feed grade of 2.92 g/t Au, all exceeding thresholds set in the Hammerdown PEA. In the first eight months of 2026 Hammerdown produced 9,140 oz of gold, including 1,989 oz in August, at an average realized price of $6,271/oz Au (about US$4,532/oz Au).
The PEA outlines a 13-year open pit operation processing 3.2 M tonnes at 2.89 g/t Au with 251.3 koz recovered, an after-tax NPV5% of $199.2 M at a base gold price deck and $415.1 M at an upside case, and life-of-mine cash costs and AISC of US$2,149/oz and US$2,429/oz. The company now targets a run-rate of 20,000–25,000 oz Au per year at an AISC of about US$2,500/oz.
New Found Gold (TSXV: NFG, NYSE American: NFGC) will graduate to the Toronto Stock Exchange, with its common shares commencing trading on the TSX at the market open on August 26, 2026 under the symbol NFGC. The company has received final TSX approval and will voluntarily delist from the TSX Venture Exchange when TSX trading begins.
According to New Found Gold, the TSX listing is a key corporate milestone that aligns its Canadian symbol with its NYSE American symbol, requires no action from shareholders, and supports its strategy as an emerging gold producer focused on the Hammerdown and Queensway projects in Newfoundland and Labrador.
New Found Gold (TSXV: NFG, NYSE American: NFGC) granted equity incentives to officers, employees and directors. The company issued stock options to acquire 1,499,543 common shares at an exercise price of $2.37, exercisable for five years to August 14, 2031, subject to vesting.
New Found Gold also granted 782,680 RSUs and 128,454 DSUs under its 5% rolling share unit plan, with RSUs vesting over three years and DSUs vesting one year after grant. The company highlights its Queensway and Hammerdown gold projects and notes prior conditional approval, received June 29, 2026, to graduate to the Toronto Stock Exchange under symbol NFGC.
New Found Gold (TSXV: NFG, NYSE American: NFGC) has filed its Q2 2026 financial statements and related Management’s Discussion and Analysis with Canadian securities regulators and the U.S. SEC. According to the company, these Q2 Financials are accessible on SEDAR+, EDGAR, and its corporate website.
New Found Gold describes itself as an emerging Canadian gold producer with a 100% interest in its fully funded flagship Queensway Gold Project and the Hammerdown Gold Project, including the Pine Cove Mill, in Newfoundland & Labrador. The company is focused on bringing the Hammerdown deposit into commercial production in H2 2026 and advancing Queensway toward Phase I production. It also highlights a district-scale Queensway land package with more than 110 km of strike length and notes a strong shareholder base including Eric Sprott. New Found Gold previously announced conditional approval to graduate to the Toronto Stock Exchange, where the symbol “NFGC” has been reserved.
New Found Gold (TSXV:NFG, NYSE American:NFGC) reported new Phase 2 channel and underground infill drill results from the Lotto Zone at its 100%-owned Queensway project in Newfoundland and Labrador, supporting open pit and underground inferred mineral resource blocks used in the Queensway PEA mine planning.
Channel highlights from the Lotto excavation include 23.7 g/t Au over 15.88 m (including 164.7 g/t Au over 2.11 m), 3.38 g/t Au over 9.07 m, 2.17 g/t Au over 16.36 m and 3.22 g/t Au over 12.83 m. Underground infill drilling returned 43.5 g/t Au over 4.75 m and 22.3 g/t Au over 3.60 m from Lotto Main, with local high-grade sub-intervals.
According to New Found Gold, the excavation exposed a 210 m strike length of gold-bearing quartz veins beneath 2.5–9 m of overburden and validated key mineralized trends in the existing MRE block model, while highlighting secondary veins for potential follow-up. The company plans further Lotto infill drilling in H2 2026 and an updated Queensway Technical Report with a revised mineral resource estimate later in H2 2026.
New Found Gold (NYSE American:NFGC) reported progress on its Queensway Phase 1 project and Pine Cove mill in Newfoundland. The provincial minister has required an Environmental Preview Report, with guidelines due within 60 days and subsequent public review and decision timelines.
The company received a permit amendment to convert the 700 tpd Pine Cove flotation-leach circuit to a Gravity-CIL circuit, with plans to expand capacity to 1,400 tpd. Test work indicates Hammerdown recovery could increase from 87% to about 92%. EPCM work is underway, targeting mill conversion completion and first Queensway ore to the mill in Q4 2027 and Phase 1 commercial production in H2 2028.
New Found Gold (TSXV:NFG, NYSE American:NFGC) received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), graduating from the TSX Venture Exchange. Final approval requires meeting TSX conditions, including submitting all required documentation by September 14, 2026.
The TSX stock symbol “NFGC” has been reserved to match the NYSE American symbol. Upon TSX graduation, shares will be delisted from the TSXV. Shareholders need not exchange certificates, as the common share CUSIP will remain unchanged.
New Found Gold (NYSE American:NFGC, TSXV:NFG) reported results of its June 25, 2026 annual general meeting in Toronto. Shareholders approved fixing the board at six directors, electing six nominees, appointing KPMG as auditor, and adopting a 10% rolling stock option plan and 5% rolling share unit plan.
The board named Paul Andre Huet as Chair and Tamara Brown as independent Lead Director, while William Hayden did not stand for re-election. The company also engaged ICP Securities as automated market maker on the TSXV at C$7,500 per month for an initial four-month term.