Core Insights - New Found Gold Corp. (NYSE: NFGC) has seen its share price decline by 70% over the past year, attracting attention in the context of gold's strong performance in turbulent markets [1] Company Analysis - NFGC is perceived as a potential value investment opportunity, particularly appealing to amateur investors seeking bargains in any market [1] - The company operates in the gold sector, which is currently experiencing heightened interest due to market volatility [1] Investment Philosophy - The investment approach emphasizes an owner-mindset, focusing on low-risk and high-uncertainty bets, while largely ignoring macroeconomic noise [1] - The investor's strategy is influenced by notable economic thinkers, suggesting a shift towards an Austrian economic perspective in future analyses [1]

Core Viewpoint - New Found Gold Corp. has successfully sold non-convertible senior secured notes of Maritime Resources Corp. for gross proceeds of US$2,000,000, which will enhance the company's treasury without diluting shareholders [1][2]. Financial Summary - The sale of the notes generated approximately CAD$2,778,000 in gross proceeds [1]. - The company had previously invested US$1,960,000 (CAD$2,638,500) in the notes, which were issued at a 2.0% original issue discount [2]. - New Found Gold has received approximately CAD$500,000 in interest income from the notes [2]. Warrant Details - The issuance of the notes included a 40% warrant coverage, resulting in the company receiving 15,324,571 warrants [3]. - Each warrant is exercisable into one common share of Maritime at a price of $0.07 per share until August 14, 2025, with an option for Maritime to extend the expiry until August 14, 2026 [3]. Project Development - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [4]. - The company has completed an initial mineral resource estimate for the Queensway project and is currently conducting a fully funded preliminary economic assessment, expected to be completed by Q2/25 [4]. Exploration Potential - Recent drilling at the Queensway project has led to new discoveries, indicating significant district-scale potential across the 175,600-hectare area [5]. - The project covers a 110 km strike extent along two prospective fault zones, highlighting its exploration upside [5]. Management and Shareholder Base - New Found Gold has a new management team focused on growth and value creation at the Queensway project [5]. - The company has a solid shareholder base, including a 19% holding by Eric Sprott [5].

Accessibility StatementSkip Navigation Keith Boyle, CEO of New Found Gold commented: "This initial mineral resource estimate marks a pivotal moment for the Company, as it represents the first evaluation of gold mineralization at Queensway. The completion of this key step allows us to advance the Project, first with the completion of a PEA in late Q2/25 and potentially on to pre-feasibility and feasibility. While the economic evaluation is advancing, exploration of our highly prospective landholdings will co ...

New Found Gold Corp. Files 2024 Year-End Disclosure Documents EXHIBIT 99.1 Vancouver, BC, March 21, 2025 - New Found Gold Corp. ("New Found" or the "Company") (TSX-V: NFG, NYSE-A: NFGC) announces that it has filed its annual financial statements for the year ended December 31, 2024, the related Management's Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2024 (together, the "2024 Annual Documents"), with Canadian securities regulators and with the U.S. Securities Exc ...

Core Viewpoint - New Found Gold Corp. has filed its annual financial statements for the year ended December 31, 2024, along with related documents with Canadian and U.S. securities regulators, highlighting the company's ongoing commitment to transparency and regulatory compliance [1][2]. Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized as a Tier 1 jurisdiction with strong infrastructure and a skilled workforce [3]. - The company has completed over 600,000 metres of drilling since 2020, identifying multiple near-surface, high-grade gold discoveries over a 22-kilometre strike extent, indicating significant district-scale potential across the 175,600-hectare project [4]. Future Plans - An initial mineral resource estimate and preliminary economic assessment have been commissioned, with completion expected in early and late Q2 2025, respectively, demonstrating the company's focus on growth and value creation [5]. - The company has a new management team and a solid shareholder base, including an 18% holding by Eric Sprott, which supports its strategic initiatives [5].

Core Viewpoint - New Found Gold Corp. has appointed Chad Williams to its board of directors, replacing Collin Kettell, who was instrumental in the discovery of the Queensway Gold Project [1][3]. Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized as a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce [4]. Management Changes - Chad Williams, the new Independent Director, is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously served as CEO of Victoria Gold Corp. and Head of Mining Investment Banking at Blackmont Capital Inc. [2][3]. - Paul Huet, Chairman of New Found, expressed excitement about Williams joining the Board and thanked Kettell for his significant contributions [3]. Project Development - The company has completed over 600,000 metres of drilling since 2020, outlining multiple near-surface, high-grade gold discoveries over a 22-kilometre strike extent [5]. - Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, indicating the district-scale potential of the 175,600-hectare project, which covers a 110 km strike extent along two prospective fault zones [5]. Future Plans - New Found has commissioned an initial mineral resource estimate and preliminary economic assessment, expected to be completed in early and late Q2 2025, respectively [6]. - The company has a new management team and a solid shareholder base, including an 18% holding by Eric Sprott, focusing on growth and value creation at Queensway [6].

Core Insights - New Found Gold Corp. has reported significant drilling results from the Golden Dome and Dome zones, indicating strong potential for further gold mineralization expansion [3][4][9] - The follow-up drilling program included 13,489 meters across 27 diamond drill holes, revealing high-grade gold intervals [4][11][12] Drilling Results - The highlight intervals include 148 g/t Au over 4.10m and 41.3 g/t Au over 2.40m from the Golden Dome zone, with previous discovery hole NFGC-24-2158 returning 343 g/t Au over 2.15m [9][12] - A multi-vein gold system has been defined over a 170m by 140m area, with mineralization starting at a vertical depth of 300m [9][10] Future Plans - The company plans follow-up expansion drilling at Golden Dome, as the mineralized structure remains open at depth and along strike [10][11] - Additional step-out drilling is also planned for the Dome structure to explore areas currently limited in testing [10][11] Project Overview - New Found Gold holds a 100% interest in the 175,600 hectare Queensway Gold Project, located in Newfoundland and Labrador, with a comprehensive 650,000m drill program underway [33]

Core Insights - New Found Gold Corp. has reported significant drilling results from the Dropkick Zone, indicating high-grade gold mineralization with notable intervals of 89.5 g/t Au over 5.85m and 26.15 g/t Au over 16.15m [5][4][6] - The Dropkick Zone has expanded the historic area by 75m along strike to the southwest, demonstrating the potential for further discoveries within the Queensway Project [5][4] - The company is progressing towards a maiden resource estimate and preliminary economic assessment, with results expected by early Q2 2025 [4][6] Drilling Highlights - The drilling program has revealed high-grade intervals, including 1,128 g/t Au over 0.35m and 514.09 g/t Au over 1.00m, showcasing the potential of the Dropkick Zone [5][6] - The Dropkick Zone is located 11km northeast of the primary discovery area, indicating a significant gold mineral system that extends across a considerable distance [5][4] - The current drilling results are the first from an initial phase, with follow-up expansion drilling planned due to the structure being open along strike and to depth [5][4] Project Development - The acquisition of the Kingsway property has provided access to an additional 13km of prospective strike along the AFZ, enhancing exploration opportunities [6] - The company has engaged SLR Consulting to deliver a maiden resource estimate and preliminary economic assessment, marking an important milestone for the Queensway Project [4][6] - The ongoing exploration program is focused on near-surface targets and discoveries, with a comprehensive drill program of 650,000m planned [24][6]

Core Viewpoint - New Found Gold Corp. has appointed Keith Boyle as the new Chief Executive Officer, succeeding Collin Kettell, to lead the company through the next phase of the Queensway Project, which is positioned in a promising gold district in Newfoundland [1][2][3]. Company Leadership Transition - Keith Boyle brings 40 years of experience in mining, including 17 years as a Chief Operating Officer, and has a strong background in project development and operational efficiencies [4]. - Collin Kettell, the former CEO and founder, will remain a director and expressed confidence in Boyle's leadership for the Queensway Project [2][3]. Project Overview - The Queensway Project is located 15 km west of Gander, Newfoundland, and is well-equipped with infrastructure, including access to the Trans-Canada Highway and high voltage power lines [5]. - The company is currently conducting a 650,000-meter drill program at Queensway and has approximately $23 million in cash and marketable securities as of January 2025 to support this initiative [5].

Core Viewpoint - Analysts have increased their earnings estimates for New Found Gold Corp. by 10.2% over the past three months, indicating a positive outlook for the company's stock price movement [1]. Earnings Estimate Revisions - The correlation between earnings estimate revisions and stock price movements is strong, influenced by institutional investors who adjust their valuations based on these estimates [2][6]. - New Found Gold Corp. has been upgraded to a Zacks Rank 2 (Buy), reflecting an upward trend in earnings estimates, which is a significant factor affecting stock prices [3][11]. Zacks Rating System - The Zacks rating system effectively utilizes earnings estimate revisions to classify stocks, with New Found Gold Corp. positioned in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns [8][9]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988, indicating the reliability of the rating system [13]. Earnings Outlook - New Found Gold Corp. is projected to earn -$0.27 per share for the fiscal year ending December 2024, reflecting an 18.2% year-over-year change, which suggests an improvement in the company's underlying business [14][12].