202627 releases
New Found Gold Announces Queensway Gold Project Revised PEA and Updated MRE: After-Tax NPV Increases to $1.7 B with 126% IRR; Measured and Indicated Mineral Resource Increases by 38%
New Found Gold reported a revised Preliminary Economic Assessment (PEA) and updated Mineral Resource Estimate (MRE) for its 100%-owned Queensway Gold Project in Newfoundland and Labrador. The PEA shows an after-tax NPV5% of $1.728 billion and a 126% IRR at US$3,600 per ounce of gold, and the Measured and Indicated Mineral Resource increased 38% to 1.920 Moz Au.
Study resultsNew Found Gold Reports Q3 2026 Preliminary Production Results: Becoming Canada’s Newest Gold Producer
Q3 2026 gold production at the 100%-owned Hammerdown Gold Mine in Newfoundland and Labrador totalled 4,863 ounces, with 6,035 ounces sold at an average realized price of US$4,310 ($6,033) per ounce and average recovery of 85%; year-to-date production was 10,670 ounces. Commercial production was achieved August 19, 2026, and the company guides to a life of mine run rate of 20,000 to 25,000 oz Au per year at AISC of approximately US$2,500/oz. Cash stood at approximately $167 million with $70 million of debt as at September 30, 2026.
CorporateNew Found Gold Declares Commercial Production at Hammerdown Gold Mine
Commercial production was declared at the 100%-owned Hammerdown Gold Mine in Central Newfoundland, achieved August 19, 2026 after 60 consecutive days averaging approximately 748 tpd throughput, 87.7% gold recovery and 2.92 g/t Au feed grade at the Pine Cove Mill. Hammerdown produced 9,140 ounces of gold in the first eight months of 2026, including 1,989 ounces in August, at an average realized price of $6,271/oz Au (about US$4,532/oz). The company anticipates a run rate of 20,000 to 25,000 oz Au per year at an AISC of approximately US$2,500/oz.
CorporateNew Found Gold Announces Graduation to the Toronto Stock Exchange
New Found Gold's common shares will begin trading on the Toronto Stock Exchange at the market open on August 26, 2026 under the symbol NFGC, following final TSX approval. The shares will be voluntarily delisted from the TSX Venture Exchange upon commencement of TSX trading, and the CUSIP and ISIN remain unchanged with no action required from shareholders. The company holds a 100% interest in the Queensway and Hammerdown gold projects in Newfoundland and Labrador, Canada.
CorporateNew Found Gold Grants Stock Options and Restricted and Deferred Share Units
Incentive stock options to acquire an aggregate of 1,499,543 common shares were granted to certain officers and employees at an exercise price of $2.37, exercisable for a 5-year term expiring August 14, 2031 and subject to vesting provisions. The Company also granted 782,680 RSUs and 128,454 DSUs to certain officers and directors under its 5% rolling share unit plan, with RSUs vesting one-third annually and DSUs vesting one year after grant.
CorporateNew Found Gold Files Second Quarter 2026 Financial Statements
Second quarter 2026 financial statements and related Management's Discussion and Analysis have been filed with Canadian securities regulators and the U.S. Securities and Exchange Commission, and are available on SEDAR+, EDGAR and the company's website. New Found Gold holds a 100% interest in the Queensway Gold Project and the Hammerdown Gold Project in Newfoundland & Labrador, and is targeting commercial gold production at Hammerdown in H2/26. On June 29, 2026, it received conditional approval to graduate to the Toronto Stock Exchange under the symbol NFGC.
CorporateNew Found Gold Continues to Deliver High-Grade Gold at Queensway
Channel sample and infill drill results from the Lotto Zone at the 100%-owned Queensway Gold Project in Newfoundland and Labrador include 23.7 g/t Au over 15.88 m from 11.62 m in channel LT-25-01-27 and 43.5 g/t Au over 4.75 m from 298.45 m in hole NFGC-25-2661. Results cover 729 m of channels from 57 lines and seven drill holes totalling 1,928 m. Additional infill drilling at Lotto is planned for H2/26, with an updated Technical Report and MRE to be filed later in H2/26.
Drill resultsNew Found Gold Provides Queensway and Pine Cove Update
Newfoundland and Labrador's Minister of Environment, Conservation and Climate Change has required an Environmental Preview Report for the proposed Queensway Phase 1, per a decision letter dated July 3, 2026, following the Company's April 30, 2026 environmental registration. Guidelines are due within 60 days, with a 35-day public review after submission and a ministerial decision within 45 days. Separately, the permit amendment to convert the 700 tpd Pine Cove mill circuit to Gravity-CIL was received, with expansion to 1,400 tpd to be applied for later. First Queensway Phase 1 material to the mill remains targeted for Q4 2027.
CorporateNew Found Gold Receives Conditional Approval to Graduate to the Toronto Stock Exchange
Conditional approval has been received to list New Found Gold's common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange, with final approval subject to fulfilling all TSX requirements, including receipt of required documentation on or before September 14, 2026. The symbol NFGC has been reserved, matching its NYSE American listing, and the shares will be delisted from the TSXV concurrently, with no change to the CUSIP.
CorporateNew Found Gold Announces Results of 2026 Annual General Meeting
All resolutions at the June 25, 2026 annual general meeting in Toronto were passed, including fixing the board at six directors, electing Paul Andre Huet, Keith Boyle, Tamara Brown, Chad Williams, Allen Palmiere and Andrew Furey, appointing KPMG LLP as auditor, and approving the 10% rolling stock option plan and 5% rolling share unit plan. The Board named Huet as Chair and Brown as independent Lead Director; William Hayden did not stand for re-election. Subject to TSXV approval, ICP Securities Inc. was engaged for automated market-making at C$7,500 monthly for an initial four-month term commencing June 25, 2026.
CorporateNew Found Gold Provides Hammerdown Update
The Hammerdown Gold Project in Newfoundland and Labrador remains on schedule for commercial production in H2/26, at an anticipated run rate of 20,000 to 25,000 ounces of gold per year at an all-in sustaining cost of approximately US$2,500 per ounce. Mill recoveries are averaging about 87%, with peak throughput of 1,394 tpd against PEA design criteria of 700 tpd, and recovery expected to rise to about 92% after conversion to a gravity–CIL circuit. Mark Ross was appointed General Manager, Mines.
Drill resultsNew Found Gold Expands Queensway Work Program: Focus on Discovery and Resource Growth
A fully funded $44M, 90,000 m diamond drilling program for 2026 has been expanded at the 100%-owned Queensway Gold Project in Newfoundland and Labrador, with drills increasing from four to six in mid-June. Allocation is 45% to discovery and resource growth, including AFZ Core depth extensions, Dropkick step-outs and regional targets at Pauls Pond, Greenwood and Gazeebow South, and 55% to project work including resource conversion, grade control and geotechnical drilling. To date, 32,000 m has been completed.
Drill resultsNew Found Gold Announces Initial Draw of $70M Funding Under EdgePoint Senior Secured Credit Facility
EdgePoint Investment Group has funded the initial $70,000,000 Tranche 1 draw under the previously announced $105,000,000 senior secured credit facility, reflecting a principal amount subject to a 2.00% original issue discount, with a further $35,000,000 Tranche 2 available at the Company's discretion within 12 months. New Found Gold issued EdgePoint and its nominees 2,489,818 non-transferable warrants valued at US$6,000,000, exercisable at $3.30 until May 15, 2029. Proceeds will fund Queensway and Hammerdown in Newfoundland and Labrador. The Company's fiscal 2025 audit report contained a going concern qualification.
FinancingNew Found Gold Files First Quarter 2026 Financial Statements
First quarter 2026 financial statements and related Management's Discussion and Analysis have been filed with Canadian securities regulators and the U.S. Securities and Exchange Commission by New Found Gold Corp. The documents are available on SEDAR+, the SEC's EDGAR system and the company's website. New Found Gold holds a 100% interest in the Queensway Gold Project and the Hammerdown Gold Project in Newfoundland and Labrador, Canada, and completed a PEA at Queensway in July 2025.
CorporateNew Found Gold Continues to Confirm Continuity of the AFZ Core and Intersect New Mineralization at Depth at the Queensway Gold Project
Final infill drilling results from Phase 1 open pits at Keats West, Iceberg and Keats at the 100%-owned Queensway Gold Project in Newfoundland and Labrador include 9.51 g/t Au over 19.85 m from 64.15 m, 8.40 g/t Au over 12.45 m from 35.55 m and 36.1 g/t Au over 2.00 m from 32.40 m. Reported results cover 22,796 m in 201 diamond drill holes; about 6% of the 74,377 m 2025 program remains outstanding. Step-out holes below the Phase 2 Keats and Iceberg pits returned 9.15 g/t Au over 7.15 m and 14.1 g/t Au over 2.40 m, to be followed up in 2026. An updated Technical Report including a resource update is planned for H2/26.
Drill resultsNew Found Gold Closes Bought Deal Financing Including Full Exercise of Underwriters' Over-Allotment Option for Gross Proceeds of $115M
A bought deal public offering of 38,870,000 common shares at $2.96 per share closed for gross proceeds of $115,055,200, including full exercise of the underwriters' over-allotment option for 5,070,000 shares. The syndicate was led by BMO Capital Markets and SCP Resource Finance LP and was paid fees of $5,160,441. Net proceeds will advance the 100%-owned Queensway Gold Project in Newfoundland and Labrador and for general corporate and working capital purposes. EdgePoint Investment Group and Eric Sprott participated with co-lead orders; Sprott maintained roughly 19% shareholdings. Final TSXV approval is pending.
FinancingNew Found Gold Continues to Expand Dropkick Zone, Queensway Gold Project
Final 2025 drill results from the Dropkick Zone at the Queensway Gold Project in Newfoundland and Labrador include 24.8 g/t Au over 14.00 m from 324.00 m (NFGC-25-2686), 13.4 g/t Au over 8.10 m from 368.15 m (NFGC-25-2673) and 1.25 g/t Au over 10.60 m from 195.00 m west of the Appleton Fault Zone, plus 6.75 g/t Au over 18.35 m from 282.60 m east of it. The results cover the final 6,145 m in 20 holes and will be included in a mineral resource update planned for H2/26; drilling resumes at Dropkick in late Q2/26.
Drill resultsNew Found Gold Announces $205M Finance Package
A $205M finance package comprises a $100M bought deal equity financing of 33,800,000 common shares at $2.96 per share, with lead orders from EdgePoint Investment Group and Eric Sprott, plus a $105M senior secured credit facility with EdgePoint. The facility funds $70M in Tranche 1 and $35M in Tranche 2, bears 8.75% fixed interest over a 3-year term, with warrants issued to EdgePoint. Proceeds will advance the Queensway Gold Project and Hammerdown ramp-up in Newfoundland and Labrador; the offering is expected to close about April 27, 2026. The previously contemplated Nebari loan facility will not proceed.
FinancingNew Found Gold Files 2025 Year End Disclosure Documents
Annual financial statements for the year ended December 31, 2025, the related Management's Discussion and Analysis, and the Annual Information Form have been filed with Canadian securities regulators, along with the annual report on Form 40-F filed with the U.S. Securities and Exchange Commission. The documents are available on SEDAR+, EDGAR and the company's website, with hard copies available free of charge to shareholders on request. New Found Gold holds a 100% interest in the Queensway and Hammerdown gold projects in Newfoundland and Labrador.
CorporateNew Found Gold Files Hammerdown Gold Project NI 43-101 Technical Report
An NI 43-101 technical report for the 100%-owned Hammerdown Gold Project in Newfoundland and Labrador has been filed, titled New Found Gold Corp. Hammerdown Gold Project Preliminary Economic Assessment, with an effective date of February 18, 2026, following the company's February 26, 2026 press release. The report was prepared by WSP Canada Inc. and authored by eleven independent Qualified Persons, and is available on SEDAR+ and the SEC's EDGAR system.
Study resultsNew Found Gold Announces US$75 Million Term Sheet to Advance Queensway Development
A non-binding term sheet has been signed for a loan facility of up to US$75,000,000 with Nebari Natural Resources Credit Fund II, LP, comprising US$50,000,000 at closing and a further US$25,000,000 available within 15 months, bearing fixed interest of 9.25% payable quarterly over a 24-month term with a six-month extension option. Proceeds will fund development of the 100%-owned Queensway Gold Project in Newfoundland and Labrador, including long lead items, early construction and Pine Cove Mill upgrades. Nebari will receive non-transferable warrants valued at US$3,750,000 and US$1,875,000.
FinancingNew Found Gold Grade Control Drilling Continues to Deliver At-Surface High Grade Gold over Broad Widths at Queensway:
Final results from the 2025 grade control drill program at the Queensway Gold Project in Newfoundland and Labrador include 71.8 g/t Au over 31.95 m from 37.80 m and 76.6 g/t Au over 16.00 m from 51.45 m at the Iceberg excavation, and 51.3 g/t Au over 3.40 m and 11.8 g/t Au over 9.95 m at Keats. Results cover 907 m in 32 holes at Keats and 2,390 m in 40 holes at Iceberg. New Found Gold plans to file an updated technical report and mineral resource estimate in Q3/26.
Drill resultsNew Found Gold Announces Preliminary Economic Assessment and Updated Mineral Resource Estimate for the Hammerdown Gold Project
A preliminary economic assessment for the Hammerdown Gold Project in Newfoundland and Labrador returned an after-tax NPV5% of $199.2 M at a base case gold price averaging US$3,656/oz, and $415.1 M at US$5,000/oz, with 251,287 oz gold produced over 13 years, LOM cash costs of US$2,149/oz and AISC of US$2,429/oz, total capital costs of $24.3 M and after-tax free cash flow of $243.3 M. The updated resource, effective January 22, 2026, covers the Hammerdown, Orion and Stog'er Tight deposits: 3,328 kt at 2.43 g/t Au (260,000 oz) measured and indicated, plus 2,132 kt at 2.34 g/t Au (161,000 oz) inferred. Exploration is planned to commence in H2/26.
Study resultsNew Found Gold Continues to Confirm Continuity of At-Surface High-Grade Gold at Keats Zone, Queensway Gold Project
Grade control drilling at the Keats zone excavation on the Queensway Gold Project in Newfoundland and Labrador returned 508 g/t Au over 2.20 m from 16.80 m, 113 g/t Au over 3.75 m from 11.90 m, 9.29 g/t Au over 37.60 m from 12.00 m and 27.0 g/t Au over 10.00 m from surface. The results cover 1,230 m in 36 diamond drill holes from the 84-hole, 2,773 m program, of which 52 holes (1,866 m, 62%) have now been reported. An updated technical report and mineral resource estimate are planned for mid-2026.
Drill resultsNew Found Gold Delivers Key Milestone at Queensway Gold Project: Enters into Phase 1 EPCM Contract
A Phase 1 EPCM contract has been signed with WSP Canada Inc. for development of the 100%-owned Queensway Gold Project in Newfoundland and Labrador, covering site development and detailed engineering for an offsite milling facility, with work including upgrading and expanding the company's permitted Pine Cove Mill to process both Hammerdown and Queensway Phase 1 feed. Environmental baseline work is substantially complete, with an Environmental Registration to be submitted in late Q1/26 and an updated Technical Report and mineral resource estimate planned for mid-2026. First gold pour from Queensway Phase 1 is targeted for H2/27, pending permits.
CorporateNew Found Gold Commences 2026 Queensway Drill Program; Announces K2 Zone Infill Results
Drilling has resumed at the 100%-owned Queensway Gold Project in Newfoundland and Labrador with four rigs active, targeting PEA Phase 2 open pit resource conversion at K2 and Cokes, step-out drilling at the newly acquired Bullseye licence over a 500 m corridor, and regional soil sampling. Results from 4,025 m in 34 holes of 2025 K2 infill drilling include 5.22 g/t Au over 14.90 m from 58.45 m, 3.42 g/t Au over 19.85 m from 100.80 m, and 18.9 g/t Au over 2.40 m. A further 1,632 m of K2 results are pending.
Drill resultsNew Found Gold Celebrates Milestone Year: Transformation to an Emerging Canadian Gold Producer
A 2025 year-in-review summarizes milestones in Newfoundland and Labrador, including an initial Queensway MRE of 18.0 Mt at 2.40 g/t Au for 1.39 Moz indicated and 10.7 Mt at 1.77 g/t Au for 0.61 Moz inferred, and a PEA showing C$743M after-tax NPV5% and 56.3% IRR at US$2,500/oz, with 1.5 Moz produced over 15 years at AISC of US$1,256/oz. Other items include C$63M bought deal and C$20M private placement financings, the Maritime Resources acquisition, and about 74,000 m of drilling. Queensway Phase 1 construction decision is targeted for late 2026, with first production in H2/27.
Corporate
202515 releases
New Found Gold Announces Infill Drilling at the Monte Carlo Zone, Queensway Gold Project
Infill drilling at the Monte Carlo zone in the AFZ Core at the 100%-owned Queensway Gold Project in Newfoundland and Labrador returned 22.4 g/t Au over 4.75 m from 102.25 m (NFGC-25-2462), 6.59 g/t Au over 12.20 m from 33.00 m (NFGC-25-2450) and 25.5 g/t Au over 2.70 m from 29.00 m (NFGC-25-2447). Results cover 2,306 m in 28 diamond drill holes completed in H2/25, aimed at converting inferred to indicated resources within the PEA Phase 1 and 2 open pits. The 70,000 m 2025 program is over 95% complete, with an updated mineral resource planned for H1/26.
Drill resultsNew Found Gold Completes Queensway Gold Project Expansion; Grants Restricted Share Units
The acquisition of a 100% interest in mineral claims in Newfoundland and Labrador previously held by Exploits Discovery Corp. has closed, expanding the adjoining Queensway Gold Project by up to 31% to 230,225 hectares. Consideration comprised 2,821,556 common shares, a 1.0% NSR royalty on certain claims, and 725,543 contingent shares issuable within 10 business days of a positive Supreme Court of Newfoundland and Labrador ruling on disputed claims. New Found Gold may buy back 0.5% of the royalty for CDN$750,000 within three years. The company also granted 300,000 RSUs to a director, vesting one-third annually.
NewsNew Found Gold Confirms High-Grade Gold Mineralization Over Broad Widths from Keats Zone Initial Grade Control Drilling, Queensway Gold Project: 219 g/t Au over 9.35 m from 19.00 m and 160 g/t Au over 10.30 m from 15.80 m
Initial grade control drilling at the Keats zone excavation at the Queensway Gold Project in Newfoundland and Labrador returned 219 g/t Au over 9.35 m from 19.00 m, 160 g/t Au over 10.30 m from 5.10 m, 105 g/t Au over 10.20 m from 15.80 m and 24.7 g/t Au over 26.25 m from 34.25 m. The results cover the first 16 of 84 diamond drill holes, or 638 m of a 2,772 m program. New Found Gold will expand the program in 2026.
Drill resultsNew Found Gold Engages Project Finance Advisor for the Queensway Gold Project
Cutfield Freeman & Co. Ltd. has been engaged as project finance advisor for the Queensway Gold Project in Newfoundland and Labrador, Canada. CF&Co will advise on financing strategies, evaluate financing alternatives, act as point of contact with financiers and debt instrument providers, manage due diligence with short-listed financiers and advise on final selection. The Company will evaluate financing options for the $155 million initial capital expenditure required to fund Phase 1 production, currently targeted for H2/27, per Queensway's July 21, 2025 PEA.
CorporateNew Found Gold Announces Infill and Expansion Drilling at the K2 Zone, Queensway Gold Project
Infill and expansion drilling results from the K2 and Jackpot zones in the AFZ Core at the 100%-owned Queensway Gold Project in Newfoundland and Labrador included 16.7 g/t Au over 12.25 m from 144.25 m, 5.32 g/t Au over 18.85 m from 184.55 m and 4.17 g/t Au over 18.00 m from 26.00 m at K2, plus 2.38 g/t Au over 22.10 m from 112.00 m outside the PEA pit shell. The release covers 5,777 m in 46 diamond drill holes; an updated MRE is planned for H1/26.
Drill resultsNew Found Gold and Maritime Resources Announce Closing of Previously Announced Arrangement: Creation of an Emerging Canadian Gold Producer
New Found Gold has closed its acquisition of all outstanding shares of Maritime Resources by plan of arrangement, with Maritime shareholders receiving 0.75 of a New Found Gold share per Maritime share. Existing New Found Gold shareholders hold approximately 69% and former Maritime shareholders 31% of the combined company on a fully-diluted in-the-money basis; Maritime shares will be delisted from the TSXV. Allen Palmiere joined the board and Melissa Render resigned from it. Separately, the Company will issue 1,085,003 shares at a deemed $3.02 to settle $3,276,712 of debt owed to SCP Resource Finance.
AcquisitionNew Found Gold Files Third Quarter 2025 Financial Statements; Grants Stock Options and Restricted Share Units
Financial statements and MD&A for the quarter ended September 30, 2025 have been filed on SEDAR+ and with the SEC. New Found Gold granted incentive stock options to certain officers and employees to acquire an aggregate of 66,944 common shares at an exercise price of $2.70, exercisable for a 5-year term expiring November 6, 2030 and subject to vesting. It also granted 41,348 restricted share units to certain officers, vesting one-third annually over three years.
CorporateNew Found Gold Announces Maritime Securityholder Approval of Arrangement; Strengthens Management Team
Maritime Resources securityholders approved the previously announced arrangement with New Found Gold at a November 5, 2025 meeting, with 99.68% of shareholders and 99.69% of securityholders voting as a single class in favour. Maritime will seek a final order from the Supreme Court of British Columbia on November 7, 2025, with closing expected on or around November 13, 2025, subject to court, stock exchange and regulatory approvals. Jelena Novikov Fried was appointed General Counsel and Corporate Secretary effective November 3, 2025.
CorporateNew Found Gold Expands Dropkick Zone over an 815 m Strike Length: 29.2 g/t Au over 9.25 m and 20.9 g/t Au over 11.10 m
Drill results from 30 diamond drill holes totalling 9,477 m completed in Q3/25 at the AFZ Peripheral area of the 100%-owned Queensway Gold Project in Newfoundland and Labrador included 29.2 g/t Au over 9.25 m, 20.9 g/t Au over 11.10 m, 8.31 g/t Au over 18.20 m and 4.55 g/t Au over 28.55 m at Dropkick, plus 84.4 g/t Au over 2.00 m at Blue Jay. Dropkick mineralization now extends 815 m along strike to 285 m depth. The 70,000 m 2025 program is over 75% complete.
Drill resultsNew Found Gold Intersects High-Grade Gold Mineralization in Dome Zone Step-Out Program: 10.4 g/t Au over 20.50m and 7.47 g/t Au over 13.40m
Step-out drilling at the Dome zone on the 100%-owned Queensway Gold Project in Newfoundland and Labrador returned 10.4 g/t Au over 20.50 m (NFGC-25-2299) and 7.47 g/t Au over 13.40 m (NFGC-25-2265), from a high-grade domain starting about 100 m below the current Dome PEA open pit and extending 130 m down dip. Open pit infill results at Lotto and Lotto North included 40.6 g/t Au over 2.80 m and 33.8 g/t Au over 2.05 m. The release covers 11,187 m in 79 holes drilled in Q3/25; a resource update is scheduled for H1/26.
Drill resultsNew Found Gold Grants Stock Options and Restricted Share Units
Incentive stock options to acquire an aggregate of 809,167 common shares were granted to certain directors, officers and employees at an exercise price of $2.97, exercisable for a 5-year term expiring September 25, 2030 and subject to vesting provisions, under the company's 10% rolling stock option plan. The company also granted 2,053,000 restricted share units to certain directors and officers under its 5% rolling share unit plan, vesting one-third per year over three years.
CorporateNew Found Gold Confirms At-Surface High-Grade Core in Iceberg Excavation Channel Sampling Program
Channel sampling at the Iceberg excavation in the AFZ Core area of the 100%-owned Queensway Gold Project in Newfoundland and Labrador returned 64.8 g/t Au over 6.71 m, 23.9 g/t Au over 15.12 m, 113 g/t Au over 2.99 m, 47.4 g/t Au over 7.36 m, 23.0 g/t Au over 13.74 m and 117 g/t Au over 2.16 m. The program comprised 964 m of channel samples in 45 channel lines at 7.5 m intervals across 185 m of strike. Definition drilling on 5 m x 5 m spacing is expected to begin at Iceberg in coming weeks.
Drill resultsNew Found Gold Announces Dr. Andrew Furey, Former Premier of Newfoundland and Labrador, Joining Board of Directors; Strengthens Management Team with the Appointment of New CFO and COO
Dr. Andrew Furey, former Premier of Newfoundland and Labrador, has been appointed an independent director of New Found Gold effective immediately, while Hashim Ahmed becomes Chief Financial Officer and Robert Assabgui, currently Study Manager, becomes Chief Operating Officer, both effective immediately. Vijay Mehta is stepping down as Director effective immediately, and current CFO Michael Kanevsky will assist with the transition. The company holds a 100% interest in the Queensway Gold Project in Newfoundland and Labrador.
ManagementNew Found Gold Announces Participation in Upcoming Mining Conferences, Including Precious Metals Summit and Mining Forum Americas 2025
Management will attend three investor conferences: the Precious Metals Summit in Beaver Creek, CO, September 9-12, 2025, with CEO Keith Boyle presenting September 11 at 1:30pm MDT; Mining Forum Americas 2025 in Colorado Springs, CO, September 14-17, with Boyle presenting September 16 at 1:40pm MDT; and the Munich Mining Conference, October 3-4, with VP Fiona Childe presenting October 3 at 11:55am CEST. Discussions will cover the Maritime Resources combination, the Queensway Gold Project expansion and its PEA.
CorporateNew Found Gold Expands Queensway Gold Project: Enters into Property Purchase Agreement to Acquire Additional Mineral Claims
A property purchase agreement with Exploits Discovery Corp. will give New Found Gold a 100% interest in mineral claims totalling 58,600 ha adjoining its Queensway Gold Project in Newfoundland and Labrador, increasing the project by up to 33% to 234,050 ha and adding 20 km of strike along the Appleton Fault Zone. Consideration is 2,821,556 shares, a 1.0% NSR royalty, and 725,543 further shares following a court determination on disputed claims. Closing, subject to 66.67% Exploits shareholder approval and exchange approvals, is expected in Q4 2025.
Acquisition