Core Insights - New Found Gold Corp. announced high-grade gold mineralization results from its ongoing 2025 drill program at the Queensway Gold Project in Newfoundland and Labrador, Canada [1][3] - Significant drill results include 10.4 g/t Au over 20.50 m and 7.47 g/t Au over 13.40 m from the Dome zone, indicating potential for resource expansion [7][9] - The 2025 drill program aims to convert inferred mineral resources to indicated resources, with results expected to be included in a mineral resource update scheduled for H1/26 [3][4] Drill Results Summary - The news release includes results from 11,187 m of drilling across 79 diamond drill holes completed in Q3/25, focusing on infill and exploration at the AFZ Core [4][5] - Key highlights from the Dome zone include: - 10.4 g/t Au over 20.50 m (NFGC-25-2299) - 7.47 g/t Au over 13.40 m (NFGC-25-2265) [7][9] - Lotto zone results include: - 40.6 g/t Au over 2.80 m (NFGC-25-2268) - 30.5 g/t Au over 2.05 m (NFGC-25-2263) [7] - Lotto North zone results include: - 33.8 g/t Au over 2.05 m (NFGC-25-2292) - 8.26 g/t Au over 4.40 m (NFGC-25-2331) [7] Future Plans - The 2025 Queensway drill program, which commenced in May 2025, is approximately 70% complete, with a focus on the AFZ Core area [14][15] - Infill drilling is ongoing to convert remaining inferred resources to indicated resources, with completion expected in Q4/25 [15][16] - Additional drilling in 2026 will target the expansion of the newly identified high-grade domain at the Dome zone [10][12]

Core Points - New Found Gold Corp. has granted incentive stock options to acquire 809,167 common shares at an exercise price of $2.97, with a 5-year term expiring on September 25, 2030 [1] - The company also granted 2,053,000 restricted share units (RSUs) to directors and officers, with a vesting schedule of 1/3 per year over three years [2] - New Found Gold holds a 100% interest in the Queensway project in Newfoundland and Labrador, which has shown promising exploration results and a district-scale potential [4] - Recent agreements include acquiring shares from Maritime Resources Corp. and mineral claims from Exploits Discover Corp., potentially increasing the project size by up to 33% to a total of 234,050 hectares [4] - The company has a new management team and a solid shareholder base, including a 23.1% holding by Eric Sprott, focusing on growth and value creation [4]

Group 1 - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 200 points on Friday [1] - Crinetics Pharmaceuticals, Inc. saw a significant stock price increase of 23.7%, reaching $44.41, following FDA approval of PALSONIFY [1] - Baird and JMP Securities raised their price targets for Crinetics Pharmaceuticals [1] Group 2 - Aquestive Therapeutics, Inc. stock rose by 21.2% to $6.38 [3] - Perpetua Resources Corp. increased by 18% to $22.43 after providing an update on securing the American antimony supply chain [3] - Robo.ai Inc. gained 14% to $2.77 [3] - Quantum Computing Inc. saw a 13% increase to $23.15 [3] - SkyWater Technology, Inc. shares jumped 12% to $17.23 [3] - Scholar Rock Holding Corporation surged 10.8% to $38.23, despite receiving a Complete Response Letter from the FDA regarding its treatment for spinal muscular atrophy [3] - Avino Silver & Gold Mines Ltd. gained 9.2% to $5.24 [3] - New Found Gold Corp. rose 9.1% to $2.3347, confirming high-grade core in its sampling program [3] - Gorilla Technology Group Inc. increased by 7% to $20.10 after signing a $1.4 billion deal for AI data centers in Southeast Asia [3] - BlackBerry Limited rose 6.6% to $4.9596 after reporting better-than-expected second-quarter EPS and sales, along with raising its FY2026 adjusted EPS guidance [3] - Carpenter Technology Corporation increased by 6.6% to $247.84 [3]

Core Insights - New Found Gold Corp. announced positive results from a channel sampling program at the Iceberg excavation in the Queensway Gold Project, indicating high-grade gold mineralization over a significant strike length [1][2][3] Group 1: Channel Sampling Program - The channel sampling program covered a 220 m by 105 m area, exposing gold-bearing quartz veins over a strike length of 185 m beneath 2.5 to 9 m of overburden [3][4] - A total of 964 m of channel samples were collected at 7.5 m intervals across 45 channel lines, providing detailed analysis of gold grade variability [3][4] - High-grade intervals included notable results such as 64.8 g/t Au over 6.71 m and 113 g/t Au over 2.99 m, contributing to a continuous section of the Iceberg vein [6][7] Group 2: Geological and Resource Modeling - The results from the channel sampling will inform geological and resource models, aiming to increase confidence in resource areas for the Phase 1 mine plan outlined in the Preliminary Economic Assessment (PEA) [4][5] - The Iceberg zone is part of a larger gold system associated with the Keats Baseline Fault Zone, which has an interpreted strike length of approximately 2 km [5] Group 3: Future Plans and Drilling Programs - New Found Gold commenced a 70,000 m drill program in May 2025, with 80% of the drilling focused on the AFZ Core area [7][8] - The company plans to continue excavation and channel sampling in additional near-surface zones to validate the geological model and gather analytical information for the Phase 1 mine plan [8][9] - An infill drill program is ongoing to convert resources from inferred to indicated, expected to be completed in Q4 2025 [10]

Core Viewpoint - New Found Gold Corp. has strengthened its management team with key appointments, including Dr. Andrew Furey as an independent director, Hashim Ahmed as CFO, and Robert Assabgui as COO, as the company advances towards production [1][2]. Management Changes - Dr. Andrew Furey, former Premier of Newfoundland and Labrador, has been appointed as an independent director, bringing extensive experience in policy and economic strategy [1][3]. - Hashim Ahmed has been appointed as CFO, with 25 years of experience in financial management and a history of executive roles in the mining industry [1][4][5]. - Robert Assabgui has been appointed as COO, previously serving as Study Manager and having significant experience in project management and engineering within the mining sector [1][6][7]. - Vijay Mehta has stepped down from his role as director, and Michael Kanevsky will assist with the transition [1][2]. Company Background - New Found Gold is an emerging Canadian gold producer with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized for its excellent infrastructure and skilled workforce [9]. - The company has completed a Preliminary Economic Assessment (PEA) for the Queensway project, with ongoing drilling revealing new discoveries [9]. - Recent agreements include acquiring shares from Maritime Resources Corp. and a property purchase agreement with Exploits Discovery Corp., which will increase the size of the Queensway project by up to 33%, totaling 234,050 hectares [10]. Shareholder Base - The company has a solid shareholder base, including approximately 23.1% ownership by Eric Sprott, indicating strong investor confidence as it focuses on gold production [11].

Summary of New Found Gold (NYSEAM:NFGC) 2025 Conference Call Company Overview - **Company**: New Found Gold (NFGC) - **Acquisition**: New Found Gold announced the acquisition of Maritime shares, enhancing its asset portfolio in Newfoundland [1][2] - **Management Changes**: A new board was established in December, with key appointments aimed at strengthening the development and operational focus [3][4] Industry Context - **Location**: Operations are based in Newfoundland, a jurisdiction noted for its favorable mining conditions [2] - **Market Position**: The company is transitioning from an exploration-focused entity to a gold producer, which is expected to enhance its market valuation [5][25] Key Projects - **Hammer Down Mine**: - A high-grade open-pit mine with a projected life of 5-6 years, expected to generate cash flow [5][10] - Fully permitted and financed, with initial ore shipments planned shortly [9][10] - Anticipated production of 40,000 to 50,000 ounces annually at a reserve grade of 4.4 grams per tonne [10] - **Queensway Project**: - Phase one involves a 700 ton per day operation, generating 69,000 ounces annually at a cost of just under $1,300 per ounce [12][13] - Phase two will expand to a 7,000 ton per day plant, targeting 172,000 ounces annually at a cost of less than $1,100 per ounce [13] - Total capital costs for phase one are estimated at $155 million, with phase two projected at $442 million [13] Financial Highlights - **Transaction Terms**: The total cost for the acquisition is $292 million, with a pro forma shareholding value of $69.31 [7] - **Balance Sheet**: Post-acquisition, the company will have a strong balance sheet with approximately $109 million in cash and no debt [7] - **Cash Flow Generation**: The cash flow from Hammer Down will support the equity portion of financing for the Queensway project [25] Strategic Advantages - **Synergies**: The combination of Hammer Down and Queensway provides complementary assets, including two processing facilities, enhancing operational control [6][22] - **Government Support**: The Newfoundland government has been cooperative, with rapid processing of environmental assessments noted [18] - **Local Workforce**: The company expects to utilize a local workforce, benefiting from the regional population's interest in mining jobs [20] Exploration Potential - **Exploration Upside**: The property package includes numerous exploration targets, with a focus on both near-mine and greenfield opportunities [11][55] - **Drilling Results**: Recent drilling has confirmed high-grade veins, with ongoing exploration expected to yield further discoveries [38][46] Shareholder Benefits - **Premiums and Valuation**: The transition to a producer is expected to result in a significant rerate in valuation, with targets set at $3 billion to $3.5 billion in market capitalization over the next five to six years [23][25] - **Institutional Support**: Strong backing from major shareholders, including Eric Sprott and Dundee Corp, enhances confidence in the company's future [24][32] Conclusion - New Found Gold is positioned for significant growth through its strategic acquisitions and operational developments in Newfoundland, with a clear path to becoming a major gold producer in the region [25][30]

Core Viewpoint - New Found Gold Corp. has entered into a definitive agreement to acquire Maritime Resources Corp., creating a multi-asset near-term gold producer in a tier 1 jurisdiction with significant operational synergies [1][2][3] Transaction Overview - New Found Gold will acquire all outstanding common shares of Maritime not already owned, with an exchange ratio of 0.75 New Found Gold shares for each Maritime share, implying a 32% premium based on the 20-day VWAP [1][4][13] - The implied equity value of the transaction is approximately $292 million on a fully-diluted basis [4] Strategic Rationale - The acquisition positions New Found Gold as an emerging gold producer, with production expected to commence in 2027 from the Queensway Gold Project and in early 2026 from the Hammerdown Gold Project [2][3][11] - Significant operational synergies are anticipated through existing infrastructure, including the Pine Cove Mill and Nugget Pond Hydrometallurgical Gold Plant, which will support the development of Queensway [2][11] Benefits to Shareholders - Maritime shareholders will receive immediate and significant premiums, with a 32% premium based on the 20-day VWAP and a 56% premium to the closing price prior to the letter of intent [4][11] - The transaction allows Maritime shareholders to retain exposure to Hammerdown while gaining access to New Found Gold's high-grade Queensway project [11][19] Production and Financial Metrics - Hammerdown is expected to ramp up to full production in early 2026, with annual production of 50,000 ounces at an all-in sustaining cost (AISC) of US$912 per ounce [9][11] - The combined entity is projected to generate significant cash flow, with Hammerdown's cash flow expected to fund a material portion of the capital expenditures for Queensway [11][17] Board and Advisor Recommendations - The Maritime Board unanimously approved the transaction, stating it is in the best interests of Maritime shareholders [19][20] - Financial advisors for both companies have provided fairness opinions regarding the transaction [22][23] Closing Conditions - The transaction is subject to approval by Maritime shareholders and customary closing conditions, with completion expected in the fourth quarter of 2025 [15][19]

Core Viewpoint - The recent metallurgical test work at the Queensway project confirms high gold recovery rates and supports the feasibility study planned for Q4 2025 [1][9][19]. Group 1: Metallurgical Test Work - The program commenced in late 2024, focusing on master composites from the Keats West zone and re-evaluating low-grade samples from various zones [2][5]. - Approximately 660 meters of drill core, weighing 2,700 kilograms, was selected for testing, resulting in three master composites based on carbon content [6]. - The test results showed an average gold recovery of 89.2%, confirming the flowsheet presented in the preliminary economic assessment (PEA) [9][12]. Group 2: Mineralogical Studies - A mineralogical gold deportment study was conducted, revealing similar mineral assemblages across the tested zones, dominated by quartz, illite, chlorite, and albite [8][10]. - The Keats West Weak sample contained a significant amount of submicroscopic gold, accounting for 49% of its gold content [18]. Group 3: Future Plans - Additional metallurgical test work is planned, including a feasibility study level program, with results expected in the second half of 2026 [19]. - The company aims to establish a gravity/CIL flowsheet and optimize recovery processes for sulphide-associated mineralization [25]. Group 4: Company Overview - New Found Gold holds a 100% interest in the Queensway project, located in Newfoundland and Labrador, and has completed an initial mineral resource estimate and PEA [22][23]. - The company has a solid shareholder base, including a 23.1% holding by Eric Sprott, and is focused on growth and value creation at Queensway [23].

Group 1 - New Found Gold (NYSE: NFGC) is positioned in a growing gold camp in Newfoundland, indicating potential for significant value appreciation in the market [1] - Recent drill results and corporate developments suggest that the market may be undervaluing the company's prospects [1] Group 2 - The focus is on identifying companies with strong brand recognition, solid financials, and growth potential within the consumer products sector [1]

Core Viewpoint - New Found Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of C$20,000,000.57 through the issuance of 12,269,939 common shares, with a hold period until December 27, 2025 [1][2]. Group 1: Private Placement Details - The private placement involved Mr. Eric Sprott acquiring 12,269,939 common shares for a total consideration of C$20,000,000.57, increasing his ownership from approximately 19.0% to 23.1% of the outstanding shares on a non-diluted basis [2]. - The gross proceeds from the private placement will be allocated to advance the 100% owned Queensway Gold Project and for general corporate and working capital purposes [6]. - No finder's fees were paid in connection with the completion of the private placement [5]. Group 2: Management and Strategic Outlook - Keith Boyle, CEO of New Found Gold, expressed gratitude for Mr. Sprott's continued support, highlighting that his participation reflects confidence in the project and the new leadership team [7]. - The company has a new management team and is focused on growth and value creation at the Queensway project, which covers a significant area of 175,450 hectares with ongoing drilling yielding new discoveries [9][11]. - Mr. Sprott's participation in the private placement is considered a "related party transaction," and the company relied on exemptions from certain approval requirements under Multilateral Instrument 61-101 [7].