Research analysts covering New Found Gold.
Recent press releases and 8-K filings for NFGC.
New Found Gold Reports Additional High-Grade Gold Drill Results from Keats Zone
NFGC
New Projects/Investments
- New Found Gold Corp. announced additional high-grade gold drill results from its 2025 Keats zone grade control drill program at the Queensway Gold Project, confirming continuity of at-surface high-grade gold.
- Key drill intercepts include 508 g/t Au over 2.20 m (NFGC-25-GC-024) and 113 g/t Au over 3.75 m (NFGC-25-GC-025).
- This release covers 36 diamond drill holes totaling 1,230 m, bringing the total reported from the 2025 Keats excavation grade control drill program to 52 DDH (1,866 m), or 62% of the total program.
- The drilling aims to enhance confidence in near-surface gold distribution and support mine planning for the Preliminary Economic Assessment (PEA) Phase 1 open pits.
- The company plans to expand grade control drilling in Q2 2026 and file an updated Technical Report, including a mineral resource estimate, in mid-2026.
5 days ago
New Found Gold Corp. Advances Queensway Gold Project with EPCM Contract and H2/27 First Gold Pour Target
NFGC
New Projects/Investments
Guidance Update
- New Found Gold Corp. has entered into a Phase 1 EPCM contract with WSP Canada Inc. for the Queensway Gold Project, covering site development and detailed engineering for an offsite milling facility.
- The company plans to upgrade and expand its Pine Cove Mill for Queensway Phase 1, leveraging synergies by processing feed from both Hammerdown and Queensway Phase 1.
- An Environmental Registration (ER) for the project is expected to be submitted to the Newfoundland and Labrador Department of Environment, Conservation and Climate Change in late Q1/26.
- The objective is to achieve first gold pour from Queensway Phase I in H2/27, contingent on receiving all necessary permits.
Jan 26, 2026, 10:08 PM
New Found Gold Corp. Commences 2026 Queensway Drill Program and Reports K2 Infill Results
NFGC
New Projects/Investments
- New Found Gold Corp. has commenced its 2026 drill program at the Queensway Gold Project in Newfoundland and Labrador, Canada, as of January 21, 2026.
- The company reported further results from 2025 infill drilling at the K2 zone, which demonstrated consistent and continuous gold mineralization, closely aligning with the initial mineral resource block model. Highlights include 5.22 g/t Au over 14.90 m and 3.42 g/t Au over 19.85 m.
- The 2026 drill program will focus on resource conversion drilling at the AFZ Core to support the 2025 preliminary economic assessment (PEA) mine plan, with the objective of converting inferred resources to indicated in the PEA Phase 2 open pit at K2 and the Cokes zone.
- Additionally, exploration drilling in 2026 will commence with step-out drilling on the recently acquired Bullseye mineral license, targeting a 500 m long corridor along the Appleton Fault Zone.
Jan 21, 2026, 12:01 PM
New Found Gold Corp. Celebrates Transformational 2025, Outlines Key Milestones and 2026 Priorities
NFGC
M&A
New Projects/Investments
Management Change
- New Found Gold Corp. (NFGC) transformed into an emerging Canadian gold producer in 2025, acquiring Maritime Resources Corp. and other claims, and is now focused on bringing the newly acquired Hammerdown and Pine Cove Operations into steady state production.
- For its Queensway Gold Project, the company published an Initial Mineral Resource Estimate (MRE) outlining 1.39 million ounces (indicated) and 0.61 million ounces (inferred) of gold, and a Preliminary Economic Assessment (PEA) demonstrating C$743 million after-tax NPV5% and 56.3% after-tax IRR at a base case gold price of US$2,500/oz.
- The company strengthened its balance sheet with a C$63 million bought deal financing and a C$20 million private placement, and appointed a new board of directors and management team, including CEO Keith Boyle.
- Looking ahead, NFGC plans to ramp up Hammerdown to steady-state production in 2026 and advance Queensway towards a Phase 1 construction decision in late 2026, targeting first production in H2/27.
Jan 7, 2026, 12:02 PM
New Found Gold Announces Infill Drilling Results at Monte Carlo Zone
NFGC
New Projects/Investments
Guidance Update
- New Found Gold Corp. reported infill drill results from the Monte Carlo zone at its Queensway Gold Project, with significant gold intercepts including 22.4 g/t Au over 4.75 m and 6.59 g/t Au over 12.20 m.
- These results, which include higher-grade intercepts than initial models, will be incorporated into an updated Queensway mineral resource estimate planned for H1/26.
- The 70,000 m 2025 Queensway drill program is over 95% complete and on track to conclude in Q4/25, with infill drilling for PEA Phase 1 open pits already finished.
Dec 11, 2025, 12:02 PM
New Found Gold Completes Queensway Project Expansion, Grants RSUs
NFGC
M&A
New Projects/Investments
Executive Compensation
- New Found Gold Corp. has completed the acquisition of a 100% interest in mineral claims, expanding its Queensway Gold Project by up to 31% to a total of 230,225 hectares.
- As consideration for the acquisition, the company issued 2,821,556 common shares and granted a 1% net smelter returns royalty to Exploits Discovery Corp., with an additional 725,543 contingent shares to be issued pending a court determination.
- The company also granted 300,000 restricted share units to a director, with vesting occurring in thirds annually over three years.
Dec 5, 2025, 2:35 PM
New Found Gold Corp. Confirms High-Grade Gold Mineralization at Queensway Project
NFGC
New Projects/Investments
Guidance Update
- New Found Gold Corp. announced initial results from grade control drilling at the Keats zone of its Queensway Gold Project, confirming high-grade gold mineralization with highlights such as 219 g/t Au over 9.35 m and 160 g/t Au over 10.30 m.
- These results align with the initial mineral resource estimate block model and are intended to improve confidence in grade distribution and support mine planning for the Preliminary Economic Assessment (PEA) Phase 1 open pits.
- The 2025 Queensway drill program is over 90% complete and on track to finish in Q4/25, with plans to expand the Keats excavation grade control drill program in 2026.
- The company is focused on advancing the Queensway Gold Project into production and bringing the recently acquired Hammerdown Gold Project into steady-state gold production.
Dec 1, 2025, 2:19 PM
New Found Gold Engages Project Finance Advisor for Queensway Gold Project
NFGC
New Projects/Investments
Debt Issuance
- New Found Gold Corp. has engaged Cutfield Freeman & Co. Ltd. as its project finance advisor, effective November 28, 2025.
- The advisor will assist New Found Gold management in developing and implementing project finance strategies for the Queensway Gold Project.
- The company is evaluating financing options for the $155 million initial capital expenditure required to fund Phase 1 production at Queensway, which is currently targeted for H2/27.
Nov 28, 2025, 12:22 PM
New Found Gold Corp. Releases Hammerdown Project Feasibility Study Results
NFGC
New Projects/Investments
Guidance Update
- The Hammerdown Project's Feasibility Study, effective August 15, 2022, outlines Proven and Probable Mineral Reserves of 1,895 kt at 4.46 g/t Au for 272 koz of contained gold.
- The project is planned as an open pit mine with an overall predicted gold recovery of 95.5%.
- Economic projections include a pre-tax Net Present Value (NPV) of C$141.0 million at an 8% discount rate, a pre-tax Internal Rate of Return (IRR) of 67.7%, and a payback period of 1.0 years.
- The study estimates total pre-production capital expenditures of C$75.0 million and a Life-of-Mine (LOM) average All-in Sustaining Cost (AISC) of US$912 per ounce.
Nov 21, 2025, 1:05 AM
New Found Gold Announces Drilling Results at Queensway Gold Project
NFGC
New Projects/Investments
Guidance Update
- New Found Gold Corp. announced new infill and expansion drilling results from the K2 zone and limited infill drilling results from the Jackpot zone at its Queensway Gold Project.
- Highlights from the K2 AFZC Phase 1 open pit infill program include 16.7 g/t Au over 12.25 m from 144.25 m (NFGC-25-2416) and 5.32 g/t Au over 18.85 m from 184.55 m (NFGC-25-2453).
- The company reported 5,777 meters of drilling across 46 diamond drill holes at K2 and Jackpot completed in H2/25, with the primary objective of upgrading mineral resources from the inferred to the indicated category.
- The 70,000 m 2025 Queensway drill program is over 85% complete and on track to finish all proposed drilling in Q4/25, with an updated Mineral Resource Estimate (MRE) planned for H1/26.
Nov 19, 2025, 10:18 PM
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