JUNIOR MININGINTELLIGENCE
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JUNIOR MININGINTELLIGENCE
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New Found Gold Corp

New Found Gold Corp

TSX:NFGC

In 2025, the Company completed an initial mineral resource estimate and announced a positive a preliminary economic assessment for the Queensway Gold Project targeting Phase 1 production for 2027. Over 600,000 metres of drilling have been completed on Queensway since 2020 and a 70,000-metre drill program is currently underway, to be completed by year-end 2025. The Company has outlined multiple near-surface, high-grade gold discoveries over a 22 km strike extent and recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the nearly 175,000-hectare property that covers a 110 km strike extent along two prospective fault zones. With this experience in hand, Keith and the New Found Gold management team intend to advance the Queensway Gold Project from an advanced- stage exploration project to a gold producing mine, as well as bring the Hammerdown Gold Project into full commercial production. The next step

WebsitePresentation
PriceN/A
ChangeN/A
VolumeN/A
52-week rangeN/A
Market capC$864.8M
Shares out384.4M

Projects

ProjectCommodityLocationStage
Hammerdown GoldProject
The Hammerdown gold deposit is located approximately 5 km southwest of the Town of King’s Point and approximately 15 km northwest of the Town of Springdale in Newfoundland & Labrador. Hammerdown was developed and operated by Richmont Mines between the years 2000 and 2004 with a cut-off grade of 8.5 g/t Au while gold prices averaged US$325/oz. During its operation a total of 291,400 tonnes of ore were mined and milled, at an average grade of 15.83 g/t Au, recovering a total of 143,000 ounces of gold. All of the ore was processed at the Nugget Pond mill with an average gold recovery of 97.1%. Richmont Mines halted mining in 2004 due to low gold prices.
GoldCanadaProduction
Queensway GoldProject
The Queensway Gold Project encompasses approximately 175,000 hectares, covering more than 110 km of strike on two primary fault zones: Appleton (AFZ) and Joe Batt’s Pond (JBP) that are spatially associated with the key gold discoveries made to date. Strategically located on the Trans-Canada Highway, 15 km west of Gander, the project is divided by Gander Lake into Queensway North and Queensway South.
GoldCanadaEarly exploration

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About New Found Gold Corp

New Found Gold Corp (TSX: NFGC) is a gold-focused mineral exploration company with ground in Canada.

The company holds 2 projects on file, at the production stage.

1 financing is on record, totalling approximately C$115.1M, most recently in May 2026.

20 press releases are tracked here, 4 of them financing-related, with the most recent dated Oct 15, 2026.

In 2025, the Company completed an initial mineral resource estimate and announced a positive a preliminary economic assessment for the Queensway Gold Project targeting Phase 1 production for 2027. Over 600,000 metres of drilling have been completed on Queensway since 2020 and a 70,000-metre drill program is currently underway, to be completed by year-end 2025. The Company has outlined multiple near-surface, high-grade gold discoveries over a 22 km strike extent and recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the nearly 175,000-hectare property that covers a 110 km strike extent along two prospective fault zones. With this experience in hand, Keith and the New Found Gold management team intend to advance the Queensway Gold Project from an advanced- stage exploration project to a gold producing mine, as well as bring the Hammerdown Gold Project into full commercial production. The next step

Key facts

ListingTSX: NFGC
Market capitalisationC$864.8M
Shares outstanding384.4M
Projects on file2
CommoditiesGold
JurisdictionsCanada
Financings on record1
Insider trades (30 days)0 buys, 0 sells on the open market · last filing 2026-10-05

Projects

ProjectCommodityLocationStage
Hammerdown GoldProjectGoldCanadaProduction
Queensway GoldProjectGoldCanadaEarly exploration

Financing history

AnnouncedTypeAmountWarrants
May 19, 2026Private placementC$115.1M—

Warrants attached to past raises are future dilution at a fixed price. The Warrant Overhang Radar tracks the resulting overhang, and the Dilution Tracker shows how the share count has grown.

Recent news releases

  • Oct 15, 2026New Found Gold Reports Q3 2026 Preliminary Production Results: Becoming Canada’s Newest Gold Producer
  • Sep 16, 2026New Found Gold Declares Commercial Production at Hammerdown Gold Mine
  • Aug 25, 2026New Found Gold Announces Graduation to the Toronto Stock Exchange
  • Aug 14, 2026New Found Gold Grants Stock Options and Restricted and Deferred Share Units
  • Aug 12, 2026New Found Gold Files Second Quarter 2026 Financial Statements
  • Jul 21, 2026New Found Gold Continues to Deliver High-Grade Gold at Queensway
  • Jul 6, 2026New Found Gold Provides Queensway and Pine Cove Update
  • Jun 29, 2026New Found Gold Receives Conditional Approval to Graduate to the Toronto Stock Exchange
  • Jun 25, 2026New Found Gold Announces Results of 2026 Annual General Meeting
  • Jun 11, 2026New Found Gold Provides Hammerdown Update

All 41 New Found Gold Corp news releases →

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All Gold companies →Company directory →Open financings →Reading an NI 43-101 →

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Terms used on this page

  • NI 43-101
  • Junior mining company
  • Private placement
  • Grade (g/t)
  • Orogenic gold
  • Cut-off grade

Company website: newfoundgold.ca