NEW FOUND GOLD CORP.

New Found Gold Corp. has entered a non-binding term sheet for a secured debenture loan facility of up to $75 million to accelerate early construction, procure long-lead items, expand the mill and fund working capital at the Queensway Gold Project. The facility would be advanced in two tranches — $50 million at closing and $25 million within 15 months subject to conditions — with a 24-month term, 9.25% fixed annual interest and a 0.50% annual administration fee. CEO Keith Boyle reiterated plans for first production by late 2027 and analyst consensus implies roughly 105% upside for NFGC. » Altro su finance.yahoo.com

New Found Gold released final results from its 2025 grade-control drill program at the 100%‑owned Queensway project, reporting high‑grade near‑surface intercepts including 71.8 g/t Au over 31.95 m and 76.6 g/t Au over 16.00 m at Iceberg and 51.3 g/t Au over 3.40 m at Keats. The program used tight 5 m x 5 m spacing to confirm continuity and validate resource models, comprising 2,773 m in 84 holes at Keats and 2,390 m in 40 holes at Iceberg. New Found Gold has started its 2026 drill campaign with four rigs focused on resource conversion for planned Phase 2 open pit and Phase 3 underground work, will expand grade control in Q2, and expects an updated Technical Report and mineral resource estimate in Q3 2026; about 45% of 2025 assay results remain outstanding. » Altro su finance.yahoo.com

New Found Gold Corp. entered a Phase 1 EPCM contract with WSP Canada Inc. for site planning and detailed engineering of an offsite mill to process feed from Queensway and Hammerdown. The company plans to upgrade the Pine Cove Mill, expects an Environmental Registration submission in late Q1/26, and has nearly completed environmental baseline work. A revised resource estimate and updated technical report are due mid-2026, with first gold pour targeted for H2/27 subject to approvals; the 2026 drill program has started with four rigs and positive K2 infill results reported. » Altro su finance.yahoo.com

New Found Gold confirmed its shift from explorer to emerging producer after delivering MR and a PEA at Queensway, completing a C$63 million bought-deal and a C$20 million private placement, and acquiring Maritime Resources to add claims around Queensway. Management plans to ramp up Hammerdown, advance Queensway through engineering, permitting and project finance toward a targeted 2027 start-up, and continue district-scale exploration to unlock further upside. » Altro su finance.yahoo.com

Shares of New Found Gold Corp rose about 3% after Phase III tests for the Queensway gold project in Newfoundland and Labrador confirmed an average gold recovery rate of 89.2% for Keats West and a pre-flotation recovery of around 87% in other zones. The tests validated production of a saleable gold concentrate and the flowsheet presented in the recent PEA; the technical PEA report has already been filed. The company plans further feasibility-stage metallurgical testing from Q4 2025 with results expected in H2 2026. » Altro su de.investing.com