New Found Gold and Maritime Resources are pleased to announce that the Companies have entered into a definitive agreement, pursuant to which New Found Gold has agreed to acquire all of the issued and outstanding common shares of Maritime that it does not already own by way of a plan of arrangement. New Found Gold and Maritime will host a joint conference call and webcast to discuss the Transaction commencing at 10 am [...]
New Found Gold is pleased to announce the results of a Phase III Metallurgical Testing Program on the Company's 100% owned Queensway Gold Project. The Program included test work on newly collected samples from the Keats West zone , and previously tested samples from Keats, Golden Joint, Lotto and Iceberg zones, with a primary focus on Keats West. Highlights: Keats West master composite sulphide samples produced a gold [...]
New Found Gold is pleased to announce that it has completed its previously announced non-brokered private placement of 12,269,939 common shares of the Company for gross proceeds to New Found Gold of C$20,000,000.57. The Common Shares have a hold period of four months and one day from closing, expiring on Dec 27, 2025. Mr. Eric Sprott through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired [...]
New Found Gold is pleased to welcome Tamara Brown to its board of directors. Following the Annual General and Special Meeting of the shareholders of New Found Gold held in Vancouver, on August 20, 2025, 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 approve [...]
New Found Gold 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 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 classified as Extreme or Very High [...]
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 [...]
New Found Gold is pleased to announce the first drill results from the Company's 2025 Work Program at its 100%-owned Queensway Gold Project. Highlights - Keats West1 in the AFZ Core: Keats West open pit infill drilling: 55.0 g/t of Au over 35.05 m 2 20.7 g/t Au over 18.05 m. 15.4 g/t Au over 16.70 m. Confirms continuity of multiple domains of high-grade gold within Keats West. Defines regions of new gold mineralization [...]
New Found Gold is pleased to announce an expansion of the 2025 Work Program at the Company's 100% owned Queensway Gold Project. Highlights: 70,000 metres 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 excavation program is [...]
New Found Gold is pleased to announce that it has closed the second and final tranche of its previously announced "bought deal" public offering of 24,610,000 charity flow-through common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act at a price of C$2.29 per Charity Flow-Through Common Share, including the exercise, in full, of the Underwriters' over-allotment option of 3,210,000 [...]
New Found Gold is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of 21,400,000 charity flow-through common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act at a price of C$2.29 per Charity Flow-Through Common Share, and 4,370,000 common shares at a price of C$1.63 per Common Share, for aggregate gross proceeds of [...]
New Found Gold 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 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 of 21,400,000 Charity Flow-Through Common [...]
New Found Gold 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 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 at a price of C$2.29 per Charity Flow-Through Common [...]
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