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New Found Gold Corp.Bullish
New Found Gold Corp. announced a revised Preliminary Economic Assessment (PEA) and updated Mineral Resource Estimate (MRE) for its Queensway Gold Project. The revised study shows an increased after-tax NPV of $1.7 billion with a 126% IRR, alongside a 38% increase in Measured and Indicated Mineral Resources. The company expects initial production to commence in Q4/27 and confirms it is fully funded for the project's development.…more
New Found Gold Corp.
New Found Gold reported its first quarterly operational results following the commencement of commercial production at the Hammerdown Gold Mine on August 19, 2026. During Q3 2026, the company produced 4,863 ounces of gold and sold 6,035 ounces, achieving an average realized price of US$4,310 per ounce. As of September 30, 2026, the company holds approximately $167 million in cash and cash equivalents.…more
New Found Gold Corp.
New Found Gold Corp. officially declared commercial production at its Hammerdown Gold Mine in Newfoundland, Canada, effective August 19, 2026. The company targets an annual production rate of 20,000 to 25,000 ounces of gold with an all-in sustaining cost (AISC) of approximately US$2,500 per ounce, while continuing to advance its flagship Queensway project.…more
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