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. 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 (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.
New Found Gold (NYSE American:NFGC) reported progress at its 100%-owned Hammerdown Gold Project and Pine Cove Mill in Newfoundland and Labrador, targeting commercial production in H2 2026.
The company anticipates 20,000–25,000 oz/year at an all-in sustaining cost of about US$2,500/oz and has reached or exceeded key PEA ramp-up criteria.
Throughput has surpassed 700 tpd with gold recovery around 87%, hiring totals 50 new personnel since acquisition, and safety performance stands at zero lost time incidents over 105,000 person-hours in 2026.
New Found Gold (NYSE American:NFGC) expanded its fully funded $44M 2026 Queensway work program to 90,000 m of drilling with six diamond rigs.
About 45% targets discovery and resource growth, while 55% focuses on project development, resource conversion, grade control and technical drilling toward first ore processing targeted for late 2027.
New Found Gold (NYSE American:NFGC) drew the initial $70M Tranche 1 from its previously announced $105M senior secured credit facility with EdgePoint. Together with a recent $115M bought deal, management says the company is fully funded to advance Queensway Phase 1 and target production in late 2027.
Tranche 1 includes a 2% original issue discount and 2,489,818 warrants at a $3.30 exercise price, expiring May 15, 2029. Funds will support Queensway and Hammerdown projects. The company also highlighted a prior audit going concern qualification for fiscal 2025.
New Found Gold (NYSE American:NFGC) has filed its Q1 2026 financial statements and Management's Discussion and Analysis with Canadian securities regulators and the U.S. SEC.
The Q1 Financials are available on SEDAR+, the SEC's EDGAR system, and the company's website.
New Found Gold (NYSE: NFGC) reported final 2025 infill and below-pit drilling results from the AFZ Core at Queensway, totaling 22,796 m in 201 DDH reported in this release and part of a 74,377 m 2025 program. Results include multiple high-grade intercepts (e.g., 36.05 g/t Au over 2.00 m, 9.51 g/t Au over 19.85 m, 8.40 g/t Au over 12.45 m) and confirmation of continuity in the PEA Phase 1 open pit block model. The company plans follow-up drilling in 2026 and an updated technical report with a revised mineral resource in H2/26.
New Found Gold (NYSE American: NFGC) closed a bought‑deal financing, issuing 38,870,000 common shares at C$2.96 per share, including full exercise of a 5,070,000 over‑allotment option, for aggregate gross proceeds of C$115,055,200. The company paid aggregate underwriting fees of C$5,160,441 and said net proceeds will advance its 100%‑owned Queensway Gold Project and for general corporate and working capital purposes. Certain insiders, including Eric Sprott, participated and maintained related party status; the transaction relied on MI 61‑101 exemptions and remains subject to final TSXV approval.