New Found Gold (TSXV: NFG) reported more losses on Thursday after the company filed its quarterly financials. The stock fell in early trading.
During Q2 of 2026, the Toronto-based junior miner saw its net loss reach $11 million (US$7.9 million). NFG also reported a loss of 3¢ (US$0.02) per share over that period. This compares to a net loss of $10.6 million (US$14.8 million) and a 5¢ (US$0.04) loss per share the same period last year.
The company posted revenues of $15.7 million (US$11.4 million), compared to the zero revenue it reported last year.
Shares of NFG fell 0.86% in the morning following the Q2 2026 results.
Zacks Equity Research said the results were in line with its consensus estimate, adding that the trend for NFG is mixed, but shares are expected to perform in line with the market in the near future.
Flagship assets
The news comes as the company continues development of its Queensway and Hammerdown gold projects in Newfoundland and Labrador. NFG says Hammerdown remains on track for commercial gold production in H2 of 2026, while Queensway advances toward Phase I production.
In June, the company announced its conditional approval to graduate to the Toronto Stock Exchange (TSX), trading under the symbol NFGC.
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