New Found Gold Files Second Quarter 2026 Financial Statements

New Found Gold Corp. (NFG) filed its second-quarter 2026 financial statements and Management’s Discussion and Analysis (MD&A) with Canadian regulators and the U.S. Securities and Exchange Commission. The company issued an availability notice indicating that the documents are accessible on SEDAR+, EDGAR, and its corporate website.

The press release did not disclose any Q2 2026 financial figures, guidance changes, operational results, drilling results, financing terms, or reserve and resource updates. Instead, the release reiterated prior messaging regarding the company’s development timeline and asset portfolio. Specifically, it noted that Hammerdown commercial production is targeted for the second half of 2026, while the Queensway project is advancing toward Phase I production. The company also highlighted its district-scale land package, which spans over 110 km of strike, and mentioned its conditional TSX graduation.

CEO Keith Boyle, P.Eng., reviewed and approved the scientific and technical information contained in the filings.

New Found Gold Corp. (NFG) filed a routine regulatory announcement that serves as an administrative update rather than a disclosure of new operational or financial developments. The company repeated its previous characterization of the project as proof of an emerging producer, highlighting no new numerical data or changes to its strategic outlook.

The materials provided do not include the actual Q2 2026 financial statements. Consequently, the only financial figures available are prior-period results from Q2 2025, which cannot be used to assess the newly filed Q2 2026 performance. For context, New Found reported a net loss of $19.5 million, operating cash flow of -$18.7 million, cash holdings of $66.4 million, total assets of $113.1 million, and total liabilities of $20.9 million for the six months ended June 30, 2025.

The filing reiterates the company’s timeline for commercial production at the Hammerdown project in the second half of 2026 and its intention to graduate to the TSX. These points remain consistent with prior releases, and the notice does not alter existing market expectations. With no new financial or operational detail provided in this press release, market-moving risk remains tied to the underlying Q2 2026 financial documents.

New Found Gold Corp. is an emerging Canadian gold producer with assets in Newfoundland and Labrador. Its flagship asset is the 100%-owned Queensway Gold Project, which covers a district-scale land package reported at more than 110 km of strike across two fault zones. Following the acquisition of the Exploits claims, the total project area was reported at approximately 230,225 ha.

Queensway has a PEA with after-tax NPV5% of US$831M, after-tax IRR of 56.3%, Phase 1 capex of approximately C$154.8M, and Phase 1 average production of approximately 69.3 koz Au/year at AISC of US$1,282/oz. The Queensway development timeline has shifted in prior releases: earlier commentary pointed to first gold pour H2 2027; more recent commentary describes first material to the mill in Q4 2027 and commercial production in H2 2028.

The Hammerdown Gold Project includes the Hammerdown deposit and the Pine Cove Mill. Hammerdown is expected to reach commercial production in H2 2026 at an anticipated run rate of 20,000–25,000 oz Au/year and AISC of approximately US$2,500/oz. No mineral reserves are defined for Hammerdown in the provided materials; the PEA is preliminary and includes inferred resources.