Core Viewpoint - New Found Gold Corp. has announced the results of its Annual General Meeting, highlighting the appointment of new board members and the strategic direction of the company as it advances the Queensway Project [1][2][9]. Board Appointments - Paul Huet has been appointed as the Independent Chairman of the Board, with a strong background in mining and a history of creating shareholder value through previous roles at Karora and Klondex, which were acquired for $1.3 billion and $700 million respectively [2][3]. - William Hayden and Melissa Render have also joined the Board, bringing extensive experience in geology and exploration [2][4][5]. Company Strategy and Vision - The company is focused on unlocking the value of the Queensway Project, with Paul Huet expressing enthusiasm about the potential for transformation into a billion-dollar producer [2][3]. - New Found Gold holds a 100% interest in the Queensway Project, which is strategically located near infrastructure and has a well-funded drilling program of 650,000 meters [9]. Annual General Meeting Resolutions - The Meeting resulted in the approval of several resolutions, including fixing the number of directors at five, appointing KPMG LLP as the auditor, and approving a 10% "rolling" stock option plan [7].

Core Insights - New Found Gold Corp. has decided to purchase the remaining 1% net smelter returns royalty on its Golden Bullet property for a total cash consideration of $1,000,000, following a previous acquisition of 0.6% of the royalty [1][2] - The Golden Bullet property is a significant area within the Queensway Project, which includes key zones such as Keats South and several others along a 5km segment of the Appleton Fault [2] Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, with easy access to infrastructure and a skilled workforce [4] - The company is currently conducting a 650,000m drill program at the Queensway Project and has approximately $41 million in cash and marketable securities as of October 2024 [4]

Core Points - Labrador Gold Corp. has successfully completed the sale of its 100% interest in the Kingsway Project to New Found Gold Corp. along with certain related assets [1] - As part of the transaction, Labrador Gold received 5,263,157 common shares of New Found as consideration for the sold assets [2] - The company currently has approximately $6.4 million in working capital and holds New Found shares valued at around $20 million [5] Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [5] - The company has 170,009,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB [4] - The Hopedale property, part of the company's portfolio, covers much of the Florence Lake greenstone belt, which is underexplored compared to similar belts globally [6]

Core Viewpoint - New Found Gold Corp. (NFGC) is experiencing significant selling pressure, having declined 23.2% over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by positive earnings forecasts from Wall Street analysts [3]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions. NFGC's current RSI is 28.04, suggesting that the heavy selling may be exhausting itself [4][5]. - RSI serves as a momentum oscillator that measures the speed and change of price movements, helping investors identify potential entry points for stocks that have fallen below their fair value due to unwarranted selling pressure [4]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts regarding an increase in earnings estimates for NFGC, with the consensus EPS estimate rising by 3.3% over the last 30 days. This upward trend in earnings estimates typically correlates with price appreciation in the near term [5]. - NFGC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [5].

Core Viewpoint - The Zacks rating system, which focuses on a company's changing earnings picture, is a valuable tool for investors, particularly in assessing stocks like New Found Gold Corp. that have seen upward revisions in earnings estimates [1][2][3]. Earnings Estimate Revisions - Analysts have increased their earnings estimates for New Found Gold Corp. by 4.8% over the past three months, indicating a positive outlook for the company [5]. - The recent upgrade of New Found Gold Corp. to a Zacks Rank 2 (Buy) reflects this upward trend in earnings estimates, suggesting potential buying pressure and an increase in stock price [6][7]. Impact on Stock Price - The correlation between earnings estimate revisions and near-term stock price movements is strong, with institutional investors often driving price changes based on these revisions [3][9]. - The Zacks Rank system classifies stocks based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revision features [12][13]. Company Performance Expectations - For the fiscal year ending December 2024, New Found Gold Corp. is expected to earn -$0.30 per share, reflecting a 9.1% change from the previous year [11].

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. New Found Gold Corp. (NFGC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year- to-date performance to find out. New Found Gold Corp. is a member of our Basic Materials group, which includes 240 different companies and currently sits at #6 in the Zacks Sec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number: 001-39966 New Found Gold Corp. (Exact name of registrant as specified in its charter) WeWork c/o New Found Gold Corp. 1600 - 595 Burrard Street Vancouver, British Columbia Canada V7X 1L4 (Address of principal executive office) Indicate by check mark whether the registra ...

Exhibit 99.2 Management's Discussion and Analysis For the three and nine months ended September 30, 2023 and 2022 The following discussion is management's assessment and analysis of the results and financial condition of New Found Gold Corp. (the "Company" or "NFG") and should be read in conjunction with the accompanying unaudited condensed interim financial statements for the three and nine months ended September 30, 2023 and September 30, 2022 and related notes. In addition, this MD&A should be read in co ...

Exhibit 99.2 The Company is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company's principal objective is to explore and develop the Queensway Project, which is located near Gander, Newfoundland and to identify other properties worthy of investment and exploration. For the purpose of NI 43-101, the Queensway Project is the Company's only material property. Manageme ...