New Found Gold Corp.
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New Found Gold Announces Preliminary Economic Assessment and Updated Mineral Resource Estimate for the Hammerdown Gold Project
TMX Newsfile· 2026-02-26 22:00
Hub and Spoke Mine Plan in Central Newfoundland: Three deposits, Hammerdown, Orion and Stog'er Tight, centered around the Company's Pine Cove Mill Robust Economics: After-tax NPV5%[1] of $199.2 M[2] using a base case scenario (variable price deck: long-term price of US$3,475/oz averaging US$3,656/oz Au[3])After-tax NPV5% of $415.1 M using an upside scenario (US$5,000/oz Au)Solid Production over an Extended Mine Life: 251,287 oz Au produced over a 13-year LOM[4]Average LOM total cash costs[5] and AISC[6] of ...
New Found Gold (NFGC) Confirms Near-Surface Continuity with High-Grade Keats Zone Results
Yahoo Finance· 2026-02-11 18:47
Core Insights - New Found Gold Corp. (NYSEAMERICAN:NFGC) is identified as an undervalued gold stock with significant potential for investment [1] - The company reported high-grade results from its 2025 grade control drilling at the Keats zone, confirming substantial gold mineralization near the surface [1][2] Group 1: Drilling Results and Resource Confirmation - Notable intercepts from the drilling program include 508 grams per ton (g/t) Au over 2.20 meters and 113 g/t Au over 3.75 meters, aligning with existing mineral resource models [2] - These results are crucial for refining the mine plan for the Phase 1 open pits as outlined in the recent Preliminary Economic Assessment [2] - Approximately 50% of the results from the 2025 drilling program are still pending, with an updated Technical Report expected in mid-2026 [3] Group 2: Future Plans and Exploration - New Found Gold is focusing on resource conversion for Phase 2 open pits and Phase 3 underground targets, supported by a 2026 exploration budget that includes regional drilling at Queensway South [3] - The company has four rigs active and plans to expand grade control drilling to the Iceberg and Lotto excavations starting in the second quarter of 2026 [2]
New Found Gold Continues to Confirm Continuity of At-Surface High-Grade Gold at Keats Zone, Queensway Gold Project
TMX Newsfile· 2026-02-02 11:58
Core Insights - New Found Gold Corp. announced additional results from grade control drilling at the Keats zone of its Queensway Gold Project, confirming high-grade gold mineralization near the surface [1][2][3] Drilling Program Highlights - The 2025 Keats excavation grade control drill program included 1,230 meters of drilling across 36 diamond drill holes, aimed at enhancing confidence in the distribution of high-grade gold mineralization [3][4] - A total of 84 diamond drill holes are planned for the full program, with 62% of results reported to date [4] Significant Drill Results - Notable drill results include: - 508 g/t Au over 2.20 m from 16.80 m (NFGC-25-GC-024) - 113 g/t Au over 3.75 m from 11.90 m (NFGC-25-GC-025) - 9.29 g/t Au over 37.60 m from 12.00 m (NFGC-25-GC-027) - 27.0 g/t Au over 10.00 m from 0.00 m (NFGC-25-GC-033) [5][7] Geological Context - The Keats and Iceberg zones are located within the Keats-Baseline Fault Zone, a high-grade gold-bearing structure with a defined strike length of 1.9 kilometers [10] - The drilling program is designed to validate resource models and improve confidence in high-grade intersections ahead of a mineral resource estimate update [9] Future Plans - The 2026 drill program is underway, focusing on infill drilling for resource conversion and expanding grade control drilling at the Iceberg and Lotto excavations [15][16] - An updated Technical Report, including a new mineral resource estimate, is expected to be filed in mid-2026 [18]
New Found Gold Corp. (NFGC) Completes Key Milestone at Queensway Gold Project by Entering into Phase 1 EPCM Contract
Yahoo Finance· 2026-01-31 13:13
Core Insights - New Found Gold Corp. (NFGC) is recognized as one of the 11 best gold stocks to buy for 2026 [1] - The company has entered into a Phase 1 EPCM contract with WSP Canada Inc. for the Queensway Gold Project, which includes site planning and detailed engineering for an offsite milling plant [2] - The first gold pour from the Queensway project is anticipated in the second half of 2027, pending necessary permissions [2] Project Developments - The Phase 1 EPCM contract aims to modernize the Pine Cove Mill to process feed from both the Queensway and Hammerdown projects [2] - An Environmental Registration submission is expected in late Q1 2026 to initiate the environmental review process, with baseline work nearly complete [2] - A revised mineral resource estimate and an updated Technical Report are scheduled for mid-2026 [2] Drilling Program - The 2026 drill program commenced on January 21, 2026, utilizing four rigs focused on infill and research drilling [3] - Notable infill results from the K2 zone include 5.22 g/t Au over 14.90 m and 8.51 g/t Au over 6.65 m, indicating potential resource expansion [3] - The stock price increased by 10.56% year-to-date as of January 27, 2026 [3] Company Overview - New Found Gold Corp. is a mineral exploration company engaged in acquiring, exploring, and evaluating resource prospects [3]
惊魂一夜!金银市场遭到血洗!黄金一度跌近12%!白银暴跌26%,创有史以来最大单日跌幅!
雪球· 2026-01-31 04:21
Group 1 - The core viewpoint of the article highlights the significant impact of Kevin Warsh's nomination as the next Federal Reserve Chairman on the precious metals market, leading to a sharp decline in gold and silver prices [4][5]. - On January 31, the precious metals market experienced extreme volatility, with COMEX gold and silver prices dropping by 8.74% and 26.58% respectively, marking one of the largest intraday declines in history [2][3]. - The dollar index saw a strong rebound, surpassing 97.10, which diminished the attractiveness of dollar-denominated commodities, further pressuring precious metals [5]. Group 2 - The market's reaction to Warsh's nomination was characterized by a "liquidation" of crowded positions, as many investors had heavily bet on rising gold and silver prices, leading to a sharp sell-off [9]. - The gold mining sector was significantly affected, with major companies like Endeavour Silver and First Majestic Silver experiencing declines of 17%, and the overall gold sector dropping over 14% [6][7]. - Analysts suggest that the recent volatility reflects a broader market reassessment of concentrated risks, similar to trends seen in technology stocks, indicating that crowded trades can lead to significant corrections [9]. Group 3 - Looking ahead, institutions like China International Capital Corporation believe that the gold bull market may not be over, despite increased volatility, and recommend focusing on asset trend changes rather than specific price predictions [11]. - Factors supporting gold prices include ongoing de-dollarization, central bank purchases, geopolitical tensions, and inflation expectations, although caution is advised due to potential profit-taking and uncertainties in Federal Reserve policies [11]. - Investment strategies suggested include locking in profits for current investors and considering staggered buying opportunities for those yet to invest, emphasizing the importance of risk diversification [11][13].
New Found Gold Delivers Key Milestone at Queensway Gold Project: Enters into Phase 1 EPCM Contract
TMX Newsfile· 2026-01-26 22:00
Core Insights - New Found Gold Corp. has made significant advancements at its 100%-owned Queensway Gold Project, including entering into a Phase I EPCM contract [1][3] Project Advancements - The commencement of EPCM work is viewed as a key milestone for advancing the Queensway project, with a timeline from initial mineral resource in early 2025 to a planned first gold pour in late 2027 [3] - The project benefits from a high-grade core deposit, ownership of the Pine Cove operation with permitted milling and tailings facilities, and a favorable mining jurisdiction in Newfoundland and Labrador [3] - The region is ranked in the top 10 globally in the Fraser Institute's 2024 Annual Survey of Mining Companies, providing excellent access, infrastructure, and a skilled labor force [3] EPCM Contract Details - The EPCM contract has been awarded to WSP Canada Inc. for the development of the Queensway Phase 1 project, which includes site development and detailed engineering for an offsite milling facility [6] - The company plans to upgrade and expand the Pine Cove Mill to process both Hammerdown and Queensway Phase 1 feed from a single facility [6] Environmental and Financial Aspects - The environmental baseline work at Queensway is substantially completed, with plans to submit an Environmental Registration to the Newfoundland and Labrador Department of Environment, Conservation and Climate Change in late Q1 2026 [6] - The company has engaged Cutfield Freeman & Co. Ltd. as its project finance advisor to select an optimal financing package for the initial capital expenditure required for Queensway Phase 1 production [6] Technical and Timeline Updates - An updated Technical Report, including a new mineral resource estimate, is planned for mid-2026 [6] - The objective is to achieve the first gold pour from Queensway Phase 1 in the second half of 2027, pending all required permits [6][7]
New Found Gold Commences 2026 Queensway Drill Program; Announces K2 Zone Infill Results
TMX Newsfile· 2026-01-21 11:58
Core Insights - New Found Gold Corp. has commenced its 2026 drill program at the Queensway Gold Project, focusing on resource conversion and exploration targets [1][3] - The K2 zone has shown consistent gold mineralization, with results aligning closely with the initial mineral resource block model, indicating potential for resource growth [3][11] 2026 Drill Program and Exploration Update - The 2026 drill program includes four active rigs focusing on infill drilling at the K2 and Cokes zones, aiming to convert inferred resources to indicated [4] - Exploration drilling is set to begin at the newly acquired Bullseye mineral license, targeting a 500 m corridor along the Appleton Fault Zone [4] - Regional exploration efforts are ongoing, with soil sampling programs designed to generate new trenching and drill targets for future advancement [5] K2 Infill Summary and Results - The K2 zone is defined by a mineralized footprint of approximately 490 m in length and 395 m in width, with gold mineralization starting at the surface and extending to a maximum depth of 250 m [6] - Initial 2025 K2 infill results have been released, with additional drilling continuing to demonstrate consistent gold mineralization [10][11] - Notable drill results include intersections of 5.22 g/t Au over 14.90 m and 18.9 g/t Au over 2.40 m, among others [8][12] 2025 Drill Program Summary - The 2025 drill program involved 74,377 m of drilling across 614 diamond drill holes, with 75% focused on the AFZ Core area [16] - Approximately 50% of the results from the 2025 drilling remain outstanding, including results from various zones and ongoing grade-control drilling [17] Future Plans - The 2026 infill drilling will initially target PEA Phase 2 open pit resource conversion, transitioning to Phase 3 underground resource conversion later in the year [18] - Additional grade-control drilling is planned for the Iceberg excavation, with potential expansions at the Keats and Iceberg excavations [19] - Exploration drilling will focus on resource expansion at the AFZ Core and advanced targets at Queensway South, expected to commence in H2/26 [21]
New Found Gold Corp. (NFGC) Transitions into Emerging Canadian Gold Producer
Yahoo Finance· 2026-01-18 17:30
Core Insights - New Found Gold Corp (NFGC) is transitioning from an early-stage exploration company to an emerging Canadian gold producer, with a focus on the Queensway project [1][4] - The company has strengthened its financial position through a C$63 million bought-deal financing and a C$20 million private placement, alongside the acquisition of Maritime Resources [2] - CEO Keith Boyle emphasized the company's strategic focus for 2026, which includes ramping up the Hammerdown project, advancing Queensway, and continuing disciplined exploration [3] Financial Position - NFGC completed a C$63 million bought-deal financing and a C$20 million private placement, enhancing its financial stability [2] - The acquisition of Maritime Resources adds prospective claims around Queensway, further improving the company's growth potential [2] Strategic Focus - The company aims to safely and efficiently ramp up the Hammerdown project and advance the Queensway project towards a targeted start-up in 2027 [3] - Continued exploration efforts are planned to unlock the full potential of the emerging Canadian gold camp [3]
Coloured Ties Announces Intention to Solicit Proxies to Reconstitute Labrador Board and To Reject Change of Business
TMX Newsfile· 2026-01-13 15:13
Core Viewpoint - Coloured Ties Capital Inc. and concerned shareholders intend to solicit proxies to reconstitute the board of directors of Labrador Gold Corp. and reject the proposed change of business model [1][2][3] Shareholder Concerns - The concerned shareholders own approximately 8.40% of Labrador's outstanding common shares and express significant concerns regarding the company's poor corporate governance and underperformance over the last five years [2][3] - The board's decisions have led to a destruction of shareholder value, and the proposed change of business is viewed as a distraction from the company's poor performance [2][4] Board Reconstitution - An immediate reconstitution of the board is deemed necessary to improve Labrador's performance and restore shareholder value [3][4] - The concerned shareholders propose the appointment of Kulwant Malhi, Ronald Wortel, Jean Lafleur, and Tara Asfour as nominees to the board [7][8] Recent Board Decisions - Key decisions made by the board in the past 18 months have been ineffective, including the sale of the Kingsway Project at a time when gold prices were rising, resulting in a significant loss of shareholder value [4][5] - The company liquidated shares from the Kingsway Project sale at a loss of approximately $8 million, demonstrating poor investment acumen [5][6] Proposed Change of Business - The proposed change to become an investment issuer is considered risky and ill-advised, with management's track record raising concerns about their ability to manage such a transition [4][11] - The first proposed investment under the new strategy involves a $1 million private placement in Northern Shield Resources Inc., which is viewed as conflicted and high-risk [11] Governance and Strategic Direction - The concerned shareholders believe that Labrador has the potential to become a strong mineral exploration company, leveraging its approximately $18 million treasury and shareholder base [7] - The nominees aim to enhance corporate governance and restore strategic direction to the company [8][9]
Investor.Events Announces the 3rd Annual Investor Icebreaker: The Michael Gentile Mining Showcase
TMX Newsfile· 2026-01-06 23:25
Core Insights - The Investor Icebreaker: The Michael Gentile Mining Showcase is set to take place on January 27, 2026, in Vancouver, coinciding with a bullish market for precious metals and significant investor interest [1][5][7] - This event is designed as an exclusive forum for high-net-worth individuals, family offices, and institutional investors focused on the resource sector [2][15] - The showcase features companies from Michael Gentile's personal portfolio, providing attendees with vetted investment opportunities backed by a respected investor in the mining sector [3][4][10] Event Details - The Investor Icebreaker is strategically scheduled between the Vancouver Resource Investment Conference (VRIC) and the Association for Mineral Explorations (AME) Roundup conference, enhancing its relevance during Vancouver's Mining Week [5][6] - The event will include focused 1-on-1 and 3-on-1 meetings, allowing for efficient networking among serious investors and presenting companies [12][13] - Following the main event, attendees can network in a VIP suite during an NHL game, providing a relaxed environment for relationship building [14] Market Context - Current market conditions are favorable for investments in precious metals, with metals reaching all-time highs and a strong sentiment among investors [7][34] - The event aims to capitalize on this bull market, offering a platform for strategic validation of companies presented by Michael Gentile [33][34] Attendee Profile - The event is exclusively for sophisticated investors, including high-net-worth individuals, family offices, institutional investors, and professionals from capital markets [18][15] - The application-only registration process ensures a curated environment, fostering meaningful interactions between qualified investors and presenting companies [17][15] Featured Companies - A diverse range of companies will be showcased, including Aeonian Resources, American Pacific Mining Corp., and Arianne Phosphate Inc., among others, all selected for their strong management teams and project fundamentals [9][4]