New Found Gold Corp. reported preliminary third-quarter 2026 operational results for its Hammerdown Gold Mine, which achieved commercial production on August 19, 2026. The company produced 4,863 ounces of gold and sold 6,035 ounces at an average realized price of US$4,310 per ounce. Year-to-date production reached 10,670 ounces with an average recovery rate of 85%. The firm holds approximately $167 million in cash against $70 million in debt and anticipates a life-of-mine run rate of 20,000 to 25,000 ounces annually at an all-in sustaining cost of roughly US$2,500 per ounce. New Found Gold is a Canadian gold producer operating the Hammerdown mine and advancing its Queensway Gold Project in Newfoundland.
