New Found Gold Corp

New Found Gold Corp. – Company Overview

Management & Leadership

New Found Gold Corp. (TSX-V:NFG; NYSE American:NFGC) is led by CEO Keith Boyle, a mining engineer with decades of mine-building experience, and President Melissa Render, the geologist who has directed the systematic exploration of the company’s flagship Queensway Project. In June 2026 the company received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange. Eric Sprott remains among the company’s most prominent shareholders.

From Explorer to Emerging Producer

In November 2025, New Found Gold closed its C$292 million acquisition of Maritime Resources Corp., transforming the district-scale explorer into an emerging Canadian gold producer. The deal delivered the Hammerdown Gold Project near King’s Point, the Pine Cove mill and tailings facility on the Baie Verte Peninsula, and the Nugget Pond hydrometallurgical gold circuit. Hammerdown achieved its first gold pour in November 2025 and is ramping up toward commercial production expected in H2 2026, supported by a technical report published in February 2026.

Queensway: The Flagship

The 100%-owned, 1,662 km² Queensway Gold Project near Gander, Newfoundland hosts high-grade orogenic gold along the Appleton Fault Zone. Phase 1 development – with an initial capital cost of approximately $155 million, described by the company as fully funded – contemplates trucking pre-concentrated material to the Pine Cove mill, which has been permitted for conversion from a 700 tpd flotation circuit to a 1,400 tpd gravity-CIL plant, lifting design recoveries from 87% to roughly 92%. First Queensway material is targeted for Q4 2027, with Phase 1 commercial production expected in H2 2028 at an average of 69,300 ounces of gold per year. The project is currently advancing through Newfoundland’s environmental assessment process.

Ongoing High-Grade Results

Drilling and channel sampling continue to de-risk the AFZ Core area for Phase 2 and Phase 3 mine planning – July 2026 results from the Lotto Zone included underground infill intercepts of 43.5 g/t gold over 4.75 metres and channel samples of 23.7 g/t gold over 15.88 metres, confirming Queensway’s near-surface, high-grade character. With a producing asset, a permitted mill, and one of North America’s most exciting gold discoveries in a tier-one jurisdiction, New Found Gold offers investors production cash flow layered on district-scale exploration upside.