New Found Gold Corp

New Found Gold Corp is a Canadian mineral exploration company that is focused on the discovery and development of high-grade gold deposits in Newfoundland, Canada. The company was founded in 2016 and is headquartered in Vancouver, British Columbia.

New Found Gold Corp's flagship project is the Queensway Gold Project, which is located in the Central Newfoundland Gold Belt. The project covers an area of approximately 1,500 square kilometers and is situated in a highly prospective geological setting.

The company has reported several high-grade gold discoveries at the Queensway Gold Project, including the Keats Zone, Lotto Zone, and Golden Joint Zone. These discoveries have generated significant interest from investors and have helped to establish New Found Gold Corp as a leading player in the Canadian gold exploration sector.

New Found Gold Corp is led by a team of experienced mining professionals with a track record of success in the industry. The company is committed to responsible and sustainable mining practices and is focused on creating long-term value for its shareholders.

Stock Quotes

1. High-grade gold discovery - New Found Gold Corp has made a significant high-grade gold discovery at its Queensway project in Newfoundland, Canada. The company has reported drill results with grades as high as 92.86 g/t gold over 19.0 meters. This discovery has attracted attention from investors and analysts, and could potentially position the company as a leading gold exploration and development company.

2. Experienced management team - New Found Gold Corp's management team has extensive experience in the mining industry, including previous successful exploration and development projects. The team includes seasoned geologists, engineers, and executives who have worked for major mining companies such as Barrick Gold, Newmont Mining, and Goldcorp. This expertise could help the company navigate the complex process of developing a new gold mine.

3. Strategic partnerships - New Found Gold Corp has formed strategic partnerships with other mining companies and investors, including Palisades Goldcorp and Eric Sprott. These partnerships could provide the company with additional funding, expertise, and resources to accelerate exploration and development activities.

4. Favorable location - The Queensway project is located in Newfoundland, which is a mining-friendly jurisdiction with a long history of mining. The project is also located near existing infrastructure, including roads, power, and water, which could potentially reduce development costs and timelines.

5. Strong financial position - New Found Gold Corp has a strong balance sheet with no debt and a significant cash position. This financial strength could provide the company with flexibility to pursue exploration and development activities, as well as potential acquisitions or partnerships.


1. Limited track record - New Found Gold Corp is a relatively new company and has a limited track record compared to its peers. This lack of history may make it difficult for investors to assess the company's potential for growth and profitability.

2. Smaller market capitalization - New Found Gold Corp has a smaller market capitalization compared to some of its peers, which may limit its ability to attract institutional investors and access capital markets.

3. Limited geographical diversification - The company's operations are primarily focused on Newfoundland, Canada, which may limit its ability to diversify geographically and expose it to regional risks.

4. Higher exploration risk - As a mining exploration company, New Found Gold Corp is exposed to higher exploration risks compared to its peers. The company's success is dependent on its ability to discover and develop new mineral deposits, which is a highly uncertain and risky process.

5. Dependence on commodity prices - The company's profitability is highly dependent on the price of gold, which can be volatile and subject to fluctuations. This dependence on commodity prices may make the company's financial performance more unpredictable compared to its peers.

Peer Comparisons

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Ticker 1 - NFGC

Ticker 2 - NFG

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Exchange 1 - NYSE

Exchange 2 - TSXV

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Primary Info
Date Established
1430-800 Pender St W, Vancouver, BC V6C 2V6, Canada
Website Data
Meta Title
New Found Gold Corp. | High-Grade Gold Discovery in Newfoundland
Meta Description
Newfound Gold Corp. is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Newfoundland and Labrador, Canada.
Main Header
Canada’s Newest Discovery
Second Title
Homepage - New Found Gold Corp.
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