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New Found Gold Corp - NFGC STOCK NEWS

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 (NFGC) is a dynamic mineral exploration company dedicated to the acquisition, exploration, and evaluation of gold resource properties. With a strategic focus on the Provinces of Newfoundland and Labrador and Ontario, Canada, the company has positioned itself as a significant player in the gold exploration sector.

The company's flagship project, the Queensway Project, is situated in Newfoundland, Canada. This project is a cornerstone for New Found Gold Corp and has shown promising potential in uncovering substantial gold resources. The exploration efforts at Queensway are aimed at discovering and delineating extensive gold deposits, setting the stage for future developments and potential production.

New Found Gold Corp is committed to leveraging advanced exploration techniques and technologies to maximize the potential of its properties. Recent achievements in the company's exploration programs have highlighted significant progress, with notable discoveries that have drawn attention within the mining industry.

Financially, the company maintains a prudent approach, ensuring robust financial health to support its exploration activities. Strategic partnerships and collaborations with industry leaders have further strengthened New Found Gold Corp's position, providing access to expertise and resources that enhance their exploration capabilities.

As New Found Gold Corp continues its journey, its focus remains on creating value for its shareholders through diligent exploration and the strategic development of its gold properties. The company's commitment to responsible exploration practices and its proactive approach in updating stakeholders on its progress make it a noteworthy entity in the mineral exploration landscape.

News

New Found Intercepts 18 g/t Au Over 6.75m, Expands Jackpot to 235m Depth

Rhea-AI Summary
New Found Gold Corp. (NFG) Announces High-Grade Gold Intercepts at Jackpot Zone and Queensway Project Expansion
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New Found Closes $56 Million Bought Deal Financing

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New Found Gold Corp. has closed its previously-announced 'bought deal' public offering of 7,725,000 flow-through common shares at a price of $7.25 per share, resulting in aggregate gross proceeds of $56,006,250. The offering included significant participation by existing shareholders, representing approximately 50% of the issued shares. The proceeds will be used for eligible Canadian exploration expenses related to the Company's Queensway Project in Newfoundland, Canada.
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New Found Gold Corp. Announces C$56 Million Bought Deal Financing

Rhea-AI Summary
New Found Gold Corp. has entered into an agreement with BMO Capital Markets and Canaccord Genuity Corp. to buy 7,725,000 charity flow-through common shares at a price of C$7.25 per share, raising approximately C$56 million. The underwriters have an option to purchase an additional 15% of the shares. The proceeds will be used for exploration and drilling efforts at the Queensway Project.
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New Found Hits 14 g/t Au Over 9m, 32 g/t Au Over 2.55m & 6.7 g/t Au Over 10.1m Near-surface at Iceberg-Iceberg East

Rhea-AI Summary
New Found Gold Corp. announces positive results from diamond drill holes at Iceberg and Iceberg East discoveries, demonstrating high-grade continuity and potential for expansion. The high-grade segment of Iceberg-Iceberg East spans 570m of near-surface strike, outlining a high-grade corridor covering nearly 1km of strike.
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New Found Nears Completion of Keats Trench, Begins Detailed Mapping and Sampling Program

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New Found Gold Corp. provides an update on surface trenching at the Keats Zone at its Queensway Project. The trench is 85% complete and is expected to be finished in early November. The trench has revealed an extensive network of veins and visible gold in areas not previously identified by drilling. Detailed mapping will provide valuable geological information about the Keats Zone.
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New Found Intercepts 67.5 g/t Au Over 2.65m, 66.2 g/t Au Over 2.65m & 16.5 g/t Au Over 7.40m, Expands High-Grade Gold at Golden Joint to Surface

Rhea-AI Summary
New Found Gold Corp. announces positive results from drill program at the Golden Joint Zone, expanding high-grade gold mineralization to surface. The results confirm strong continuity of high-grade gold and indicate potential for further expansion at depth.
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New Found Hits 52 g/t Au Over 2.85m & 31.5 g/t Au Over 2.50m, Expands Jackpot to 185m of Strike and to 205m Depth

Rhea-AI Summary
New Found Gold Corp. announces positive results from diamond drill holes in the Jackpot Zone, expanding the high-grade gold discovery. The mineralized corridor now covers a strike length of 185m and extends to a depth of 205m. Ongoing drilling aims to further expand the structure.
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New Found Intercepts 92 g/t Au Over 2m at Monte Carlo

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New Found Gold Corp. announces results from a drill program testing the Monte Carlo Zone and systematic grid drilling on the west side of the Appleton Fault Zone. High-grade gold intervals were intersected, including 91.9 g/t Au over 2.00m, expanding the high-grade segment of Monte Carlo. The Queensway 500,000m drill program is ongoing with pending assay results.
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New Found Intercepts 17.1 g/t Au Over 11.35m & 1.82 g/t Au Over 40m, Further Defines High-grade Domain at Keats West

Rhea-AI Summary
New Found Gold Corp. announces positive results from diamond drill holes testing the Keats West Zone and Keats North. Keats West has a drill-defined mineralized footprint spanning 305m long by 315m wide, with a cumulative average thickness of 30m. Keats North continues to identify near-surface mineralization. Queensway project comprises a 1,662km2 area. The company is currently undertaking a 500,000m drill program at Queensway. Approximately 30,200m of core is pending assay results.
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New Found Intercepts 3.29 g/t Au Over 42.4m, Further Defines 30m+ Thick Gold Zone at Keats West

Rhea-AI Summary
New Found Gold Corp. announces positive results from drill program at Keats West Zone, with significant gold intercepts including 3.29 g/t Au over 42.35m and 2.19 g/t Au over 37.30m. The zone has a known footprint of 305m long by 315m wide and starts at surface. The results demonstrate the potential for cumulative widths greater than 60m. The Company is currently undertaking a 500,000m drill program at Queensway.
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FAQ

What is the current stock price of New Found Gold (NFGC)?

The current stock price of New Found Gold (NFGC) is $1.62 as of November 21, 2024.

What is the market cap of New Found Gold (NFGC)?

The market cap of New Found Gold (NFGC) is approximately 307.3M.

What is New Found Gold Corp's primary focus?

New Found Gold Corp primarily focuses on the acquisition, exploration, and evaluation of gold resource properties in Newfoundland and Labrador and Ontario, Canada.

Where is the company's flagship project located?

The flagship project, the Queensway Project, is located in Newfoundland, Canada.

What is the objective of the Queensway Project?

The objective of the Queensway Project is to discover and delineate substantial gold deposits through advanced exploration techniques.

How does New Found Gold Corp ensure financial stability?

The company maintains financial stability through prudent financial management and strategic partnerships which support its exploration activities.

Who are New Found Gold Corp's strategic partners?

The company collaborates with industry leaders, providing access to expertise and resources that enhance their exploration capabilities.

How does New Found Gold Corp update its stakeholders?

The company proactively updates its stakeholders through regular news releases and reports, keeping them informed of its exploration progress and achievements.

What recent achievements has New Found Gold Corp made?

Recent achievements include significant gold discoveries at the Queensway Project, highlighting the project's potential and attracting industry attention.

Why is New Found Gold Corp significant in the gold exploration sector?

New Found Gold Corp is significant due to its strategic focus on high-potential gold properties and successful exploration initiatives, positioning it as a key player in the sector.

What technologies does New Found Gold Corp use in its exploration?

The company leverages advanced exploration techniques and technologies to maximize the potential of its gold properties.

What is New Found Gold Corp's commitment to responsible exploration?

The company is committed to responsible exploration practices, ensuring sustainable and ethical management of its resource properties.

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New Found Gold Corp

NYSE:NFGC

NFGC Rankings

#3512 Ranked by Market Cap
N/A Ranked by Dividends

NFGC Stock Data

307.31M
111.31M
44.04%
4.83%
2.5%
Gold
Basic Materials
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United States of America
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