Earnings ·
New Found Gold Corp. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss…
NFGCNew Found Gold Corp.
New Found Gold Corp. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss of $30.19 million CAD compared to $19.50 million in the prior year period. The company generated revenue of $25.61 million CAD from gold and silver sales at its Hammerdown Gold Project, resulting in an income from mine operations of $3.36 million CAD. Cash and cash equivalents increased to $193.83 million CAD, driven by a $115.06 million equity financing completed on April 27, 2026, and a $70 million drawdown under the EdgePoint senior secured credit facility in May 2026. The company also received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange by September 14, 2026. New Found Gold Corp. is a Canadian gold mining and development company focused on the Hammerdown and Queensway projects in Newfoundland and Labrador.