ROTH MKM initiated coverage on New Found Gold Corp. with a new price target
$NFGC
Precious Metals
Basic Materials
ROTH MKM initiated coverage of New Found Gold Corp. with a rating of Buy and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2023 | $9.00 | Buy | ROTH MKM |
| 6/6/2022 | Outperform | BMO Capital Markets |
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
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
6-K - New Found Gold Corp. (0001840616) (Filer)
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
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
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
SC 13D/A - New Found Gold Corp. (0001840616) (Subject)
SC 13D/A - New Found Gold Corp. (0001840616) (Subject)
SC 13D - New Found Gold Corp. (0001840616) (Subject)