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New Found Gold Corp - NFGC STOCK NEWS

Welcome to our dedicated news page for New Found Gold (Ticker: NFGC), a resource for investors and traders seeking the latest updates and insights on New Found Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Found Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Found Gold's position in the market.

Rhea-AI Summary
New Found Gold Corp. announces results from 29 diamond drill holes to expand on the recently discovered K2 Zone. The district-scale Queensway Project has a mineralized footprint of 490m long x 395m wide, with gold mineralization beginning at surface and drill-defined down to a maximum vertical depth of 250m. The company is currently undertaking a 650,000m drill program at Queensway, with approximately 7,000m of core pending assay results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
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Rhea-AI Summary
New Found Gold Corp. (NFG) announces positive results from their drill program at the Honeypot Zone, with high-grade gold mineralization discovered. The Queensway project, located in Newfoundland and Labrador, is proving to be highly prospective.
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Rhea-AI Summary
New Found Gold Corp. (NFGC) announces expansion of exploration program at its 100% owned Queensway Project, with plans to drill a total of 650,000m in 2024, an increase of 150,000m over the initially planned 500,000m. The company has completed 516,263m of drilling to date and made significant discoveries such as Iceberg, Iceberg East, K2, Monte Carlo, and Jackpot. New Found is focusing on deeper drilling and targeting new areas of mineralization peripheral to the Appleton Fault Zone, highlighting the potential for gold mineralization to persist to depth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.33%
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Rhea-AI Summary
New Found Gold Corp. (NFG) reports positive results from 16 diamond drill holes to test the Keats West Zone at the Queensway project, with significant gold mineralization found. The company is conducting a 500,000m drill program with 23,000m of core pending assay results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
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Rhea-AI Summary
New Found Gold Corp. (NFG) announced the results from 43 diamond drill holes that expanded on the recently discovered K2 Zone, located 725m north of Lotto and 2.2km north of Keats West on the west side of the highly prospective Appleton Fault Zone. The district-scale Queensway Project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.83%
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News
Rhea-AI Summary
New Found Gold Corp. (NFG, NFGC) clarifies certain disclosure related to the Queensway Project in Newfoundland and Labrador. The company retracts the disclosure regarding an internal scoping study and clarifies that the project is in the exploration stage. The existing technical report remains current and compliant with NI 43-101.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
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Rhea-AI Summary
New Found Gold Corp. Provides Update on Surface Trenching at Keats Zone, Queensway Project
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Rhea-AI Sentiment
End-of-Day
-1.37%
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Rhea-AI Summary
New Found Gold Corp. (NFG) Announces High-Grade Gold Intercepts at Jackpot Zone and Queensway Project Expansion
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Rhea-AI Sentiment
End-of-Day
4.64%
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Rhea-AI Summary
New Found Gold Corp. has closed its previously-announced 'bought deal' public offering of 7,725,000 flow-through common shares at a price of $7.25 per share, resulting in aggregate gross proceeds of $56,006,250. The offering included significant participation by existing shareholders, representing approximately 50% of the issued shares. The proceeds will be used for eligible Canadian exploration expenses related to the Company's Queensway Project in Newfoundland, Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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Rhea-AI Summary
New Found Gold Corp. has entered into an agreement with BMO Capital Markets and Canaccord Genuity Corp. to buy 7,725,000 charity flow-through common shares at a price of C$7.25 per share, raising approximately C$56 million. The underwriters have an option to purchase an additional 15% of the shares. The proceeds will be used for exploration and drilling efforts at the Queensway Project.
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Rhea-AI Sentiment
End-of-Day
-12.76%
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New Found Gold Corp

NYSE:NFGC

NFGC Rankings

NFGC Stock Data

737.64M
98.45M
47.81%
3.75%
0.22%
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