Golden year: New Found Gold emerges as rising star in Newfoundland

New Found Gold (TSXV: NFG) has transformed from an early-stage exploration company to an emerging Canadian gold producer in 2025. The company delivered several key milestones throughout the year, including appointing a new board and management team, completing financings totaling C$83 million, publishing an initial mineral resource estimate and preliminary economic assessment for its Queensway project, and acquiring Maritime Resources.

Keith Boyle, New Found Gold's CEO, called 2025 a "transformational year" as the company evolved its portfolio and capabilities. He stated their focus for 2026 is to ramp up production at the newly acquired Hammerdown mine, advance Queensway toward a targeted 2027 startup, and continue exploration across their district-scale land package.

The company's initial mineral resource estimate for Queensway outlined 1.39 million ounces of gold in the indicated category and 0.61 million ounces in the inferred category. A subsequent preliminary economic assessment demonstrated a C$743 million after-tax net present value and 56.3% internal rate of return at a $2,500 per ounce gold price.

New Found Gold completed approximately 74,000 meters of diamond drilling at Queensway in 2025, with 75% focused on resource definition and 25% on exploration. The company made new high-grade discoveries, including at the Dropkick zone, highlighting the project's exploration potential.

Looking ahead to 2026, New Found Gold aims to bring Hammerdown to steady-state production, advance Queensway through engineering and permitting toward a late 2026 construction decision, and continue exploration to grow resources and support future expansions.

More information can be obtained at www.NewFoundGold.ca