NFGC
New Found GoldNFGC
NFGC
About: New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).
Employees: 62
0
Funds holding %
of 7,327 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
0.96% more ownership
Funds ownership: 4.83% [Q4 2024] → 5.79% (+0.96%) [Q1 2025]
4% less funds holding
Funds holding: 48 [Q4 2024] → 46 (-2) [Q1 2025]
20% less capital invested
Capital invested by funds: $17.4M [Q4 2024] → $14M (-$3.42M) [Q1 2025]
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $52K
Research analyst outlook
We haven’t received any recent analyst ratings for NFGC.
Financial journalist opinion
Based on 3 articles about NFGC published over the past 30 days
Neutral
PRNewsWire
1 week ago
New Found Gold Announces Preliminary Economic Assessment for the Queensway Gold Project
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.
Positive
Zacks Investment Research
3 weeks ago
New Found Gold Corp. (NFGC) Upgraded to Buy: Here's Why
New Found Gold Corp. (NFGC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
PRNewsWire
3 weeks ago
New Found Gold Expands and Confirms Continuity of High-Grade Gold Mineralization at the Keats West Zone
VANCOUVER, BC , July 9, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the first drill results from the Company's 2025 Work Program at its 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada. Highlights - Keats West1 in the AFZ Core: Keats West open pit infill drilling: 55.0 g/t of Au over 35.05 m (NFGC-24-2254)2 20.7 g/t Au over 18.05 m (NFGC-24-2258).
Neutral
PRNewsWire
1 month ago
New Found Gold Expands Queensway Gold Project 2025 Work Program
VANCOUVER, BC , June 16, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSX-V: NFG) (NYSE-A: NFGC) is pleased to announce an expansion of the 2025 Work Program at the Company's 100% owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador. Highlights: 70,000 metres ("m") 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 underway, with channel sampling of the Iceberg excavation approximately 80% complete and the Lotto excavation commencing shortly; A regional exploration program at Queensway South and Queensway North is underway and is expected to run until late September, 2025; In addition to a PEA2 planned for release in late Q2/25, the Company is conducting ongoing engineering studies, including metallurgical testwork and trade-off studies; and Additional environmental work will be undertaken in 2025 to ensure that all baseline studies are completed for upcoming permitting processes.
Neutral
PRNewsWire
1 month ago
New Found Gold Closes Second Tranche of C$63 Million Bought Deal Financing Including Full Exercise of Underwriters' Over-Allotment Option
VANCOUVER, BC , June 12, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has closed the second and final tranche of its previously announced "bought deal" public offering of (i) 24,610,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$2.29 per Charity Flow-Through Common Share (the "Charity Flow-Through Common Share Offering Price"), including the exercise, in full, of the Underwriters' (as defined below) over-allotment option (the "Over-Allotment Option") of 3,210,000 Charity Flow-Through Common Shares, and (ii) 4,370,000 common shares (the "Common Shares") at a price of C$1.63 per Common Share, for aggregate gross proceeds of C$63,480,000 (the "Offering"). The second tranche of the Offering consists of 9,345,000 Charity Flow-Through Common Shares, including the exercise in full of the Over-Allotment Option, for gross proceeds of C$21,400,050.
Neutral
PRNewsWire
2 months ago
New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million
VANCOUVER, BC , June 3, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of (i) 21,400,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$2.29 per Charity Flow-Through Common Share (the "Charity Flow-Through Common Share Offering Price"), and (ii) 4,370,000 common shares (the "Common Shares") at a price of C$1.63 per Common Share, for aggregate gross proceeds of C$56,129,100 (the "Offering"). The first tranche of the Offering consists of 15,265,000 Charity Flow-Through Common Shares and 4,370,000 Common Shares for aggregate gross proceeds of C$42,079,950.
Neutral
GlobeNewsWire
2 months ago
New Found Gold Increases Previously Announced Bought Deal Financing to C$56 Million; Previously Announced Private Placement Remains at C$20 Million
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+
Neutral
GlobeNewsWire
2 months ago
New Found Gold Announces C$49 Million Bought Deal Financing and C$20 Million Private Placement: Continued Support with Lead Orders by Strategic Investor Eric Sprott
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+
Neutral
PRNewsWire
2 months ago
New Found Gold Continues to Expand the Dropkick Zone at the Queensway Gold Project: 42.8 g/t Au over 14.95 m, 47.6 g/t Au over 3.95 m and 22.9 g/t Au over 2.40 m
VANCOUVER, BC , May 21, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce new drill results from the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada. Highlights include: Dropkick zone ("Dropkick") west of the Appleton Fault Zone ("AFZ"): 42.8 g/t Au over 14.95 m (NFGC-24-2225)1 47.6 g/t Au over 3.95 m (NFGC-24-2214) 22.9 g/t Au over 2.40 m (NFGC-24-2205) Dropkick mineralization has now been intersected over a 580 m strike extent Open in all directions Dropkick east of the AFZ: 5.30 g/t Au over 15.20 m (NFGC-24-2233) A newly identified domain at Dropkick on the eastern side of the AFZ Open in all directions Pistachio zone ("Pistachio") 5.34 g/t Au over 7.30 m (NFGC-24-2190) 240 m strike length delineated to date with a high-grade portion constrained by one underground panel in the initial mineral resource estimate ("MRE") Open down plunge and to depth Melissa Render, President of New Found Gold, stated: "In these final drill results from the 2024 exploration program we continue to intersect high-grade gold mineralization and expand both Dropkick and Pistachio.
Neutral
PRNewsWire
2 months ago
New Found Gold to Participate in Upcoming North American Conferences, Including the 4th Annual Canaccord Genuity Global Metals and Mining Conference and Grants Stock Options
VANCOUVER, BC , May 13, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the Company will be participating in several conferences over the next month, including the 4th annual Canaccord Genuity Global Metals and Mining Conference ("Canaccord Genuity Conference"). Canaccord Genuity Conference Keith Boyle, CEO, and Fiona Childe, VP Communications and Corporate Development, will be attending the prestigious Canaccord Genuity Conference in Henderson, NV, from May 20 to 22, 2025, to participate in one-on-one meetings with existing shareholders and new investors.
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