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. (TSXV: NFG, NYSE American: NFGC) generates frequent news flow as it advances a portfolio of gold assets in Newfoundland and Labrador, Canada. The company’s releases cover exploration and development at its 100%-owned Queensway Gold Project, as well as activities within its Maritime Division, which includes the Hammerdown Gold Project and associated processing infrastructure.
On this page, readers can follow detailed updates on drilling and excavation across key zones at Queensway. Recent news has highlighted infill and expansion drilling in the Appleton Fault Zone Core at areas such as Monte Carlo, K2, Jackpot, Keats and Iceberg, with reported high-grade gold intercepts over significant widths. Additional coverage includes exploration drilling at the AFZ Peripheral area, where zones like Dropkick and Blue Jay are being tested and expanded along strike and to depth.
Company news also addresses corporate and strategic developments. Examples include the completion of the business combination with Maritime Resources Corp., which created the Maritime Division; property acquisitions that expand the Queensway land position; and the engagement of a project finance advisor to evaluate financing alternatives for Queensway’s development. Regulatory milestones, such as securityholder approvals for transactions, and updates on financial statement filings and share-based compensation grants, are also reported.
Investors and followers of NFGC stock can use this news feed to monitor how New Found Gold advances its PEA-stage Queensway project, works toward steady-state production at Hammerdown, and manages project financing and corporate transactions. Regular updates on drilling results, technical programs, feasibility work and corporate actions provide insight into the company’s progress and evolving asset base.
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.
New Found Gold (NYSE American: NFGC) released a Preliminary Economic Assessment and updated MRE for the Hammerdown Gold Project on February 26, 2026. The PEA shows an after-tax NPV5% of $199.2M (base case) and $415.1M (US$5,000/oz upside), 13-year LOM with 251,287 oz recovered and average LOM AISC US$2,429/oz. Total mill feed 3.2 Mt at post-sorting head grade 2.89 g/t Au. Total capital costs (with contingency) estimated at $24.3M; reclamation $18.0M. Project uses a hub-and-spoke plan centred on the fully permitted Pine Cove mill; exploration planned to start H2/26.
New Found Gold (NYSE American: NFGC) reported additional 2025 grade-control drill results from the Keats zone at the Queensway Gold Project on February 2, 2026. Highlights include 508 g/t Au over 2.20 m, 113 g/t Au over 3.75 m and 9.29 g/t Au over 37.60 m, with many high-grade intervals occurring at or near surface.
The release covers 1,230 m in 36 DDH (part of an 84-DDH KEGCDP) and says results so far correlate with the existing MRE and will support an updated mid-2026 technical report.
New Found Gold (NYSE American: NFGC) entered a Phase 1 EPCM contract with WSP Canada to advance the 100%‑owned Queensway Gold Project, following its 2025 PEA. EPCM scope covers site development and detailed engineering for an offsite milling strategy that leverages the company's owned, fully permitted Pine Cove mill and Nugget Pond hydromet plant.
The company substantially completed environmental baseline work and plans to file an Environmental Registration in late Q1/26 to start the NL environmental assessment process. Project finance advisory engagement with Cutfield Freeman is ongoing. Target: first gold pour from Queensway Phase 1 in H2/27, subject to permits and financing. An updated technical report with a revised mineral resource is planned for mid‑2026.