Recent Updates — NFGC
New Found Gold Corp. declared commercial production at its 100% owned Hammerdown Gold Mine in Central Newfoundland on August 19, 2026, following a sustained 60-day period meeting throughput, recovery, and grade criteria. The company produced 9,140 ounces of gold in the first eight months of 2026 at an average realized price of $6,271 per ounce. Hammerdown anticipates a production run rate of 20,000 to 25,000 ounces annually with all-in sustaining costs of approximately US$2,429 per ounce. The company operates in the gold mining industry.
New Found Gold Corp. announced that its common shares will commence trading on the Toronto Stock Exchange (TSX) under the symbol "NFGC" starting August 26, 2026. The company voluntarily delisted from the TSX Venture Exchange upon this transition to align with its NYSE American listing. CEO Keith Boyle described the move as a milestone reflecting the company's evolution from an early-stage explorer to an emerging gold producer. This listing aims to increase visibility and access a broader investor base while supporting the strategy to become Canada's next mid-tier gold producer. The company operates in the mining industry, specifically focusing on gold exploration and production.
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.
New Found Gold Corp. announced high-grade gold results from channel sampling and infill drilling at the Lotto Zone of its Queensway Gold Project in Newfoundland and Labrador. Key highlights include 23.7 g/t Au over 15.88 m from channel sampling and 43.5 g/t Au over 4.75 m from underground infill drilling. The company is advancing towards near-term production at Queensway and plans to file an updated Technical Report in H2/26. New Found Gold Corp. is a Canadian gold producer with assets in Newfoundland and Labrador, Canada.