Welcome to our dedicated page for New Found Gold news (Ticker: NFGC), a resource for investors and traders seeking the latest updates and insights on New Found Gold stock.
New Found Gold Corp. reports developments for an emerging Canadian gold company with assets in Newfoundland and Labrador. The company holds 100% interests in the Queensway Gold Project and Hammerdown Gold Project, including the Hammerdown deposit and Pine Cove milling and tailings facilities.
Recurring updates focus on drill results, mineralization continuity and zone expansion at Queensway, including the AFZ Core, Keats, Iceberg, Keats West and Dropkick areas along the Appleton Fault Zone. Company news also covers grade-control work, mine-planning support, NI 43-101 technical reports and preliminary economic assessments, common-share financings, development financing arrangements and annual disclosure filings.
New Found Gold (NYSE American:NFGC) drew the initial $70M Tranche 1 from its previously announced $105M senior secured credit facility with EdgePoint. Together with a recent $115M bought deal, management says the company is fully funded to advance Queensway Phase 1 and target production in late 2027.
Tranche 1 includes a 2% original issue discount and 2,489,818 warrants at a $3.30 exercise price, expiring May 15, 2029. Funds will support Queensway and Hammerdown projects. The company also highlighted a prior audit going concern qualification for fiscal 2025.
New Found Gold (NYSE American:NFGC) has filed its Q1 2026 financial statements and Management's Discussion and Analysis with Canadian securities regulators and the U.S. SEC.
The Q1 Financials are available on SEDAR+, the SEC's EDGAR system, and the company's website.
New Found Gold (NYSE: NFGC) reported final 2025 infill and below-pit drilling results from the AFZ Core at Queensway, totaling 22,796 m in 201 DDH reported in this release and part of a 74,377 m 2025 program. Results include multiple high-grade intercepts (e.g., 36.05 g/t Au over 2.00 m, 9.51 g/t Au over 19.85 m, 8.40 g/t Au over 12.45 m) and confirmation of continuity in the PEA Phase 1 open pit block model. The company plans follow-up drilling in 2026 and an updated technical report with a revised mineral resource in H2/26.
New Found Gold (NYSE American: NFGC) closed a bought‑deal financing, issuing 38,870,000 common shares at C$2.96 per share, including full exercise of a 5,070,000 over‑allotment option, for aggregate gross proceeds of C$115,055,200. The company paid aggregate underwriting fees of C$5,160,441 and said net proceeds will advance its 100%‑owned Queensway Gold Project and for general corporate and working capital purposes. Certain insiders, including Eric Sprott, participated and maintained related party status; the transaction relied on MI 61‑101 exemptions and remains subject to final TSXV approval.
New Found Gold (NYSE American: NFGC) reported final 2025 drilling results at the Dropkick Zone, Queensway, expanding the zone to ~1.4 km strike and to vertical depths of ~300 m. Key intercepts highlighted include 24.8 g/t Au over 14.00 m and 113.4 g/t Au over 8.10 m. The Company completed 11,919 m in 39 DDH at Dropkick in 2025 (total Queensway 2025 drilling 74,377 m in 614 DDH) and plans an updated mineral resource estimate and Technical Report in H2/26.
New Found Gold (TSXV: NFG | NYSE American: NFGC) announced a C$205 million finance package on April 20, 2026 consisting of a C$100M bought deal equity offering (33.8M shares at C$2.96) and a C$105M senior secured credit facility with EdgePoint.
Proceeds will fund Queensway Gold Project Phase I capex, Hammerdown ramp-up, and general corporate purposes; closing is subject to TSXV and NYSE American approvals and expected around April 27, 2026.
New Found Gold (NYSE American: NFGC) filed its 2025 Annual Documents: annual financial statements, Management's Discussion and Analysis, and Annual Information Form for the year ended December 31, 2025, with Canadian securities regulators. The company also filed a Form 40-F with the U.S. SEC that includes the 2025 Annual Documents as appendices.
The documents are available on SEDAR+, EDGAR, and the company's website, and shareholders can request a free hard copy via the investor inquiry form.
New Found Gold (NYSE American: NFGC) filed a NI 43-101 technical report titled "Hammerdown Gold Project Preliminary Economic Assessment" with an effective date of February 18, 2026 and filing dated March 17, 2026.
The report covers the Company’s 100% owned Hammerdown project and was prepared by WSP Canada Inc., authored by multiple independent Qualified Persons.
New Found Gold (NYSE American: NFGC) entered a non-binding term sheet for up to US$75,000,000 in senior secured debt to fund development of the 100% owned Queensway project. Funding is in two tranches (US$50M and US$25M), at 9.25% fixed interest for 24 months, with warrants and first-lien security.
Proceeds will support long-lead procurement, early construction, Pine Cove mill expansion, and working capital to advance a construction decision toward first production in late 2027.
New Found Gold (NFGC) reported final results from its 2025 grade control drill program at the Queensway project on March 1, 2026, including Iceberg and Keats excavations. Highlights include multiple at-surface, high-grade intercepts (e.g., 71.8 g/t Au over 31.95 m; 76.6 g/t Au over 16.00 m; 51.3 g/t Au over 3.40 m).
The 2025 program totaled 74,377 m in 614 holes; results continue to show continuity of high-grade shoots in the AFZ Core that support the PEA Phase 1 open-pit mine plan. An updated MRE and Technical Report are planned for Q3/26.