New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interest in the Queensway project comprising 86 mineral licenses and 6,041 claims that covers an area of 151,025 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.
IPO Year: 2021
Exchange: AMEX
Website: newfoundgold.ca
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2023 | $9.00 | Buy | ROTH MKM |
| 6/6/2022 | Outperform | BMO Capital Markets |
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ROTH MKM initiated coverage of New Found Gold Corp. with a rating of Buy and set a new price target of $9.00
BMO Capital Markets initiated coverage of New Found Gold Corp. with a rating of Outperform
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
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6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
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VANCOUVER, BC, Aug. 20, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to welcome Tamara Brown to its board of directors (the "Board"). Following the Annual General and Special Meeting of the shareholders of New Found Gold (the "Shareholders") held in Vancouver, BC, on August 20, 2025 (the "Meeting"), the Board now comprises Paul Huet, Keith Boyle, William Hayden, Vijay Mehta, Melissa Render, Chad Williams and Tamara Brown. At the Meeting, disinterested Shareholders voted in favour of an ordinary resolution to
VANCOUVER, BC, Aug. 13, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) announces the temporary suspension of all exploration activities involving heavy equipment in or near forested areas including, drilling, mulching and excavating on the Company's 100% owned Queensway Gold Project ("Queensway" or the "Project"), located in Newfoundland and Labrador, Canada in response to the forest fire risk in the region. Keith Boyle, Chief Executive Officer, commented: "The Fire Weather index across the island of Newfoundland is class
Solid low-cost production profile from year one via a phased mine plan:Phase 1: Low Initial capital cost of $155 million, builds average annual gold production of 69.3koz oz Au1 at an AISC2 of US$1,282/oz Au in Years 1 to 4 planned to fund Phase 2.Phase 2: Growth capital of $442 million, builds average annual gold production of 172.2koz Au at an AISC of US$1,090/oz Au in Years 5 to 9 paid back in less than one year.Early revenue potential: Initial gold production targeted for 2027 pending regulatory approval.Significant leverage to gold price: After-tax NPV5%3 increases to $1.45 billion from $743 million and IRR4 increases to 197% from 56.3% when gold price raised to US$3,300/oz Au from base
VANCOUVER, BC, July 9, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce the first drill results from the Company's 2025 Work Program at its 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada. Highlights - Keats West1 in the AFZ Core: Keats West open pit infill drilling:55.0 g/t of Au over 35.05 m (NFGC-24-2254)220.7 g/t Au over 18.05 m (NFGC-24-2258).15.4 g/t Au over 16.70 m (NFGC-24-2260).Confirms continuity of multiple domains of high-grade gold within Keats West.Defines regions of new gold mineralization within the proposed Keats West open pit that are currently
VANCOUVER, BC, June 16, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce an expansion of the 2025 Work Program at the Company's 100% owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador. Highlights: 70,000 metres ("m") diamond drill program underway;Approximately 11,750 m in 104 DDH1 has been drilled to date, with five drill rigs currently on site;80% of planned drilling focused on resource definition and pre-development work and 20% on exploration;The AFZ Core exca
VANCOUVER, BC, June 12, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV:NFG) (NYSE-A: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has closed the second and final tranche of its previously announced "bought deal" public offering of (i) 24,610,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$2.29 per Charity Flow-Through Common Share (the "Charity Flow-Through Common Share Offering Price"), including the exercise, in full, of the Underwriters' (as defined below) over-allotment option (the
VANCOUVER, BC, June 3, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV:NFG) (NYSE-A: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of (i) 21,400,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$2.29 per Charity Flow-Through Common Share (the "Charity Flow-Through Common Share Offering Price"), and (ii) 4,370,000 common shares (the "Common Shares") at a price of C$1.63 per Common Share, for aggregate gros
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG, NYSE-A: NFGC)) is pleased to announce that due to strong demand, it has increased the size of its previously announced bought deal financing to C$56 million via the addition of a new hard dollar tranche of 4,370,000 common shares (the "Common Shares") at a price of C$1.63 per Common Share for gross proceeds of approximately C$7 million. The previously announced charity flow-through common share tranche (the "Charity Flow-Through Com
VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- New Found Gold Corp. ("New Found Gold" or the "Company")(TSXV:NFG, NYSE-A: NFGC)) has announced today that it has entered into an agreement with BMO Capital Markets and SCP Resource Finance LP, on behalf of themselves and a syndicate of underwriters (collectively, the "Underwriters") led by BMO Capital Markets and SCP Resource Finance LP, under which the Underwriters have agreed to buy, on a bought deal basis, 21,400,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") at a price of C$2.29 per Charity Flow-Through Common Share for aggregate gross proceeds of approximately C$49 million
VANCOUVER, BC, May 21, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce new drill results from the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada. Highlights include: Dropkick zone ("Dropkick") west of the Appleton Fault Zone ("AFZ"):42.8 g/t Au over 14.95 m (NFGC-24-2225)147.6 g/t Au over 3.95 m (NFGC-24-2214)22.9 g/t Au over 2.40 m (NFGC-24-2205)Dropkick mineralization has now been intersected over a 580 m strike extentOpen in all directionsDropkick east of the AFZ:5.30 g/t Au over 15.20 m (NFGC-24-2233)A newly identified domain at Dropkick on the ea
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Solid low-cost production profile from year one via a phased mine plan:Phase 1: Low Initial capital cost of $155 million, builds average annual gold production of 69.3koz oz Au1 at an AISC2 of US$1,282/oz Au in Years 1 to 4 planned to fund Phase 2.Phase 2: Growth capital of $442 million, builds average annual gold production of 172.2koz Au at an AISC of US$1,090/oz Au in Years 5 to 9 paid back in less than one year.Early revenue potential: Initial gold production targeted for 2027 pending regulatory approval.Significant leverage to gold price: After-tax NPV5%3 increases to $1.45 billion from $743 million and IRR4 increases to 197% from 56.3% when gold price raised to US$3,300/oz Au from base
Equity Insider News Commentary Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, May 8, 2025 /PRNewswire/ -- Equity Insider News Commentary – So far in 2025, gold has twice touched the remarkable $3,400 per ounce mark—first in April and again this week—raising the question of just how far this rally could go. Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone suggests the widening gap between oil and gold prices signals not only recessionary pressure, but also a potential surge to $4,000 gold. Meanwhile, industry veteran Rob McEwen believes investor momentum could carry gold even higher, forecasting a rush back into mining equities and a possible run to $5,000 per oun
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VANCOUVER, BC, May 7, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada. Highlights: Infill drilling is underway at the Keats West ("Keats West") and Lotto ("Lotto") zones with four diamond drill rigs.Two additional drills will be mobilized in June 2025 to allow for both infill and exploration drilling.Exploration drilling will focus on high-priority exploration targets, including the Dome ("Dome") and Dropkick ("Dropkick") zones.Dewatering of the Iceberg zone ("Ice
VANCOUVER, BC, March 3, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Chad Williams to its board of directors (the "Board"). Effective immediately, Mr. Williams will replace Collin Kettell, Founder of New Found, who is stepping off the Board. Mr. Williams is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously held the positions of CEO of Victoria Gold Corp. and Head of Mining Investment Banking at Blackmont Capital Inc., and was a highly ranked mining analyst at TD Bank and other Canadian brokerage firms. Paul Huet
VANCOUVER, BC, Feb. 18, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Dr. Fiona Childe (Ph.D., P.Geo.) as Vice President, Communications and Corporate Development, Dr. Jared Saunders (Ph.D., CRSP, EP) as Vice President, Sustainability, and Robert Assabgui (P.Eng.) as Study Manager. All appointments are effective immediately. Keith Boyle, CEO of New Found, stated: "On behalf of the board, I am excited to welcome Fiona and Robert to the New Found team and congratulate Jared on his promo
VANCOUVER, BC, Feb. 11, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce the results from five diamond drill holes completed as part of a step-out program at the Dropkick Zone. Dropkick is located at the recently acquired Kingsway property ("Kingsway") that now forms the most northern extent of the Queensway Project and is on trend with numerous discoveries made further south along the Appleton Fault Zone ("AFZ"). New Found's 100%-owned Queensway Project comprises a 1,756 km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Highlights: Hole No. From (m) To (m) Interval (m) Au
VANCOUVER, BC, Jan. 20, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Keith Boyle as Chief Executive Officer of New Found. Mr. Boyle is a highly experienced executive and operator, having successfully helped lead several development projects throughout his career. Most recently, as Chief Operating Officer, Keith led the accelerated advancement of Reunion Gold's Oko West discovery through to acquisition by G Mining Ventures for $870 million. Paul Huet, Independent Chairman of New Found
– ANNOUNCES RESULTS OF MEETING OF SHAREHOLDERS – VANCOUVER, BC, Dec. 18, 2024 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to welcome Paul Huet, William Hayden, and Melissa Render to its board of directors (the "Board"). Following the Annual General Meeting of the shareholders of New Found held in Vancouver, BC, on December 17, 2024 (the "Meeting"), as part of a planned transition, Paul Huet was appointed Chair of the Board, and Melissa Render as President of the Company. The Board now comprises Paul Huet, Collin Kettell, Vijay Mehta, William Hayden, and Melissa Render.
VANCOUVER, BC, Nov. 6, 2024 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG) (NYSE-A: NFGC) is pleased to announce initiation of work towards a maiden resource estimate and preliminary economic assessment ("PEA") for the Queensway Project ("Queensway" or the "Project"), which comprises a 1,756 km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Highlights: The Company has engaged SLR Consulting ("SLR") to deliver a maiden resource estimate and PEA, with an anticipated completion date of Q2 2025. The ap
New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG, NYSE-A: NFGC))) is pleased to announce that Raymond Threlkeld has joined as an independent member of the Company's board of directors. Highlights: Mr. Threlkeld is a geologist with over 40 years of extensive technical expertise managing teams through exploration, reserve estimates, feasibility studies, and construction, leading several operations through to production including Cowal Gold Mine – Australia, Veledaro – Argentina, Lagunas Norte & Pierina – Peru, and Bulyanhulu – Tanzania. The Pierina Mine produced over 8 million ounces of gold in a 20-year period and launched Barrick Gold to the top of the South American mining
New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG, NYSE-A: NFGC))) is pleased to announce that Collin Kettell has been appointed CEO of the Company and that Vijay Mehta has joined as a member of the Company's board of directors. As part of a planned transition Craig Roberts has resigned as CEO and as a director of the Company and will continue with the Company as a full-time consultant in the role of Lead Advisor. Stated Collin Kettell, Chair and CEO: "New Found finds itself in an enviable position at a time when investors are showing renewed interest in gold and gold equities. To date we have made multiple high-grade gold discoveries over approximately 2.7km of strike along th