New Found Gold Corp
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Keith Boyle
- Full Time Employees
- 138
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1133 Melville Street Vancouver BC Canada V6E 4E5
- IPO Date
- Aug 11, 2020
- Website
- newfoundgold.ca
- Similar Companies
- Business
- New Found Gold Corp. is a Canada-based emerging gold producer engaged in the acquisition, exploration, development and production of gold mineral properties in Newfoundland and Labrador, Canada. The Company’s principal operations comprise its 100%-owned Queensway Gold Project, a district-scale exploration and development property near Gander covering more than 110 kilometres of prospective strike along the Appleton and JBP fault zones; and the 100%-owned Hammerdown Gold Project, including the Hammerdown gold deposit, the fully permitted Pine Cove Mill, milling and tailings facilities, and related mining infrastructure. Its activities include diamond drilling; geological and resource delineation work; grade-control and conversion drilling; open-pit mine development and mining; mineralized-material handling and stockpiling; gold processing, recovery and pouring; mill commissioning and optimization; and environmental baseline, hydrogeological and community-engagement programs. The Company serves the precious-metals market through the production and sale of gold and is focused on advancing Queensway toward Phase I production while developing Hammerdown as its near-term producing operation. New Found Gold was incorporated in 2016, was formerly known as Palisade Resources Corp. until its June 2017 name change, and is headquartered in Vancouver, British Columbia, Canada. Recent strategic developments include the November 2025 acquisition of Maritime Resources Corp., which added Hammerdown and the Pine Cove processing facility and accelerated the Company’s pathway to production; a C$205 million financing package announced in 2026, including bought-deal equity financing and an EdgePoint senior secured credit facility; the initial C$70 million draw under the EdgePoint facility in May 2026; and the closing of a C$115 million bought-deal financing in April 2026. At Hammerdown, the Company is ramping up mining and milling operations toward commercial production in the second half of 2026, with material delivery meeting the preliminary economic assessment design rate of 700 tonnes per day, recoveries reaching approximately 87%, and planned infrastructure upgrades including crushing, sorting and regrind capacity and a conversion of the mill circuit to gravity-carbon-in-leach processing. The Company is also expanding its fully funded 2026 Queensway exploration and resource-growth program, including approximately 90,000 metres of drilling, while it received approval in August 2026 to graduate its common shares to the Toronto Stock Exchange.
Company News
New Found Gold Reports Q3 2026 Preliminary Production Results: Becoming Canada's Newest Gold Producer
New Found Gold Declares Commercial Production at Hammerdown Gold Mine
New Found Gold: The Story Is Improving, But It Is Still Speculative
New Found Gold Announces Graduation to the Toronto Stock Exchange
New Found Gold Grants Stock Options and Restricted and Deferred Share Units
New Found Gold Corp. (NFGC) Reports Q2 Loss, Tops Revenue Estimates
New Found Gold Files Second Quarter 2026 Financial Statements
New Found Gold Continues to Deliver High-Grade Gold at Queensway
New Found Gold Provides Queensway and Pine Cove Update
New Found Gold Receives Conditional Approval to Graduate to the Toronto Stock Exchange
New Found Gold Announces Results of 2026 Annual General Meeting
New Found Gold: Bright Future With Stable Spot Prices
New Found Gold: Still Risky, But No Longer Just A Drill Story
New Found Gold Provides Hammerdown Update
New Found Gold Expands Queensway Work Program: Focus on Discovery and Resource Growth
New Found Gold Announces Initial Draw of $70M Funding Under EdgePoint Senior Secured Credit Facility
New Found Gold Corp. (NFGC) Reports Q1 Loss, Beats Revenue Estimates
New Found Gold Files First Quarter 2026 Financial Statements
New Found Gold Continues to Confirm Continuity of The AFZ Core and Intersect New Mineralization at Depth at The Queensway Gold Project
New Found Gold Closes Bought Deal Financing Including Full Exercise of Underwriters' Over-Allotment Option for Gross Proceeds of $115M