News · Yahoo Finance

New Found Gold Corporation (NFGC) Opens the Market

New Found Gold Corporation (TSX: NFGC) took part in the market opening at the Toronto Stock Exchange to mark its graduation to the TSX, with Chairman Paul Andre Huet, CEO Keith Boyle and President Melissa Render joining TSX Chief Commercial Officer Robert Peterman. The company describes itself as Canada's newest gold producer, with commercial production underway at its Hammerdown Gold Mine and the fully funded Phase 1 of its flagship Queensway Gold Project in Newfoundland and Labrador being advanced toward production. It also owns the Pine Cove Mill and a land package at Queensway covering more than 110 km of strike length across two prospective fault zones. Eric Sprott is named as a cornerstone shareholder.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldminingCanada

Open a keyword to see other news on the same topic.

Related tickers and likely impact

XAU/USD

• Neutral

Relevance: low

MarketGold
Close on 10/23/20263,995.78
Change that session-0.72%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Flow Metals Secures Little Gold Creek Headwaters, Completing Strategic Consolidation of Sixtymile Gold District

    Flow Metals (CSE: FWM) staked 44 additional quartz claims (the Mila Claims) along the northern part of its Sixtymile Gold Project in western Yukon, completing its 2026 land acquisition campaign. The contiguous land package now covers 17,635 hectares, nearly tripling the original 6,558-hectare footprint. The claims cover a magnetic lineament trending northwest in line with Little Gold Creek, which encapsulates the headwaters of a historic placer gold source, and extend the Project's northern boundary to the Top of the World Highway. The Company interprets epithermal textures and quartz veins found in its 2026 exploration as supporting a younger magmatic-hydrothermal event overprinting an older gold system. It is integrating historical geophysical data and a 3D review of airborne magnetic and CSAMT surveys to evaluate these targets.

    Yahoo Finance·goldminingmineral exploration
  • BTU Commences Initial Drill Program on Hubcap Project Adjacent to RPX in Wawa

    BTU Metals (TSX-V: BTU) has begun drilling at its 100%-owned Hubcap property in Wawa, Ontario. The initial program of about 1,200 meters across 5-7 holes aims to test high-priority geophysical and surface targets. The property has numerous surface gold occurrences and shear zones with strong carbonate sericite alteration hosting quartz carbonate zones, and it has been only sporadically explored since the early 1900's before being consolidated by BTU. CEO Paul Wood said the company will provide program updates when available.

    Yahoo Finance·goldmineral explorationmining
  • Magna Terra Reports Expansion of Property and Extension of Airborne Geophysical Survey at the Prospect Or's Dream Epithermal Gold Project, New Brunswick

    Magna Terra Minerals (TSXV: MTT) has expanded its Prospect Or's Dream project in New Brunswick to 23,887 hectares along more than 30 km of the Moose Lake Fault Zone, near the Bathurst Mining Camp. The project is centred on a 2025 discovery of low-sulphidation epithermal gold-bearing quartz veins along at least a 7.2 km strike of the Donner Trend. Seven claims totalling 5,087 hectares were staked along or near the Moose Lake Fault without option payments or royalties to vendors. The airborne geophysical survey was extended from 1,221 to 1,302 line km to cover the new claims, and prospecting rock grab samples returned gold grades of up to 1.97 g/t. The Province of New Brunswick provided partial funding through its NBJMAP program.

    Yahoo Finance·goldmineral explorationmining
  • New Break Refines Targets as 2026 Drilling Resumes at Its Moray Gold Project

    New Break Resources is resuming drilling by Enviro North Exploration at its 100% owned Moray gold project in Ontario, Canada. The property has grown to 29,924 hectares, and gold has risen 131% in Canadian dollar terms, from US$1,770 per ounce in June 2020 to US$4,000 today. The 2025 program discovered the Zavitz gold zone, and the company has since completed 5,372 metres in 32 drillholes in 2026, 30 of them in Zavitz. Hole NBR-25-05 returned 3.17 g/t Au from 72.0 to 115.0 metres, a grade x interval of 136.3. The fall 2026 program is expected to comprise at least 1,500 metres in about four to six drillholes, and New Break has started a hole intended to be the deepest ever drilled on the property, testing for additional stacked gold lenses at depth.

    Yahoo Finance·goldminingmineral exploration
  • Rocky Shore Discovers New Bulk-Scale MTH Gold Zone, Reports Record High-Grade Intercept at Mosquito and Expands Drill Program to 20,000 Metres

    Rocky Shore Gold has discovered the MTH Zone at its Gold Anchor Project in central Newfoundland, in a previously undrilled area immediately east of the Mosquito Deposit resource limits. The zone is a thick, sulphide-rich tuffaceous sedimentary horizon that remains open in all directions, and drilling has traced it more than 400 metres east of the current resource limits. Confirmation drilling in the Mosquito Deposit returned 94.10m grading 0.77 g/t Au, including 2.50m grading 7.88 g/t Au in hole MH-26-02, the highest-grade interval to date in the deposit. More than 60% of the interpreted intrusion linked to Mosquito remains untested. The company has increased its drill program to 20,000 metres, as CEO Ken Lapierre says the results point to a broader, more complex mineralized system beyond current resource limits.

    Yahoo Finance·goldminingmineral exploration
  • Goldera Identifies Large Gold-Tungsten-Antimony Anomaly at Riley Brook, with Multiple Targets Remaining Open

    Goldera Exploration (TSX-V: GERA) reports results from its Q2-2026 soil sampling program at Riley Brook in northern New Brunswick, part of the Acadian Gold Joint Venture, where Goldera holds 65% and acts as operator. The program identified a large 4 km by 2 km gold-tungsten-antimony (arsenic) soil anomaly in the southern part of the property, plus a smaller multi-element anomaly of about 300 metres by 300 metres to the north; both remain open to the survey limits. The anomalies coincide with EM and radiometric signals from a prior airborne HeliTem survey, suggesting a felsic intrusion-related mineral system. Soil sampling has covered only about 30% of the 334.5 km² property, with 1,273 samples collected in 2026, leaving substantial areas to be evaluated.

    Yahoo Finance·goldminingCanada

Related markets

Gold →

Latest news

  • Microsoft offers buyouts to 60,000 workers as AI reshapes workforce

    Microsoft is offering buyouts to about 60,000 employees to cut costs and reshape its workforce as it ramps up investment in AI infrastructure, Bloomberg reported. Eligible staff are vice presidents and below on select teams in the US, Canada, India and the UK, though some data center, sales and marketing employees are excluded, and the package includes benefits similar to a standard severance offer. Microsoft had 223,000 employees at the end of June, with headcount largely unchanged since 2022. In July, more than 30% of roughly 8,750 eligible employees accepted a separate retirement-age buyout, and the company expects fewer employees to take the latest program. Chief People Officer Amy Coleman said the program gives employees considering outside opportunities a supported exit and gives business units more flexibility in staffing.

    Yahoo Finance·• MSFTMSFTemploymentartificial intelligence
  • Anthropic's IPO could set off forced buying by index funds. SpaceX shows how that played out.

    Anthropic has filed its IPO prospectus and applied to list on Nasdaq under the ticker ANT, at a reportedly discussed valuation of $1.5 trillion to $2 trillion. Under Nasdaq's 'fast entry' rule, which took effect in May, a newly listed company ranking among the 40 biggest Nasdaq-100 members by market value can join after 15 trading days instead of at least three full calendar months, and index funds tracking the index would have to buy. For SpaceX, JPMorgan estimated index funds needed to buy about $4.3 billion of stock, yet its shares still fell about 15% over their first six sessions in the index. The float could be the differentiator: the prospectus leaves the offering size blank, and substantially all existing holders agreed not to sell for up to 180 days. The roadshow is reportedly starting the week of Nov. 9, so fast entry could come as soon as December.

    Yahoo Finance·• QQQIPOAnthropicNasdaq
  • KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2026-9 (JPMMT 2026-9)

    KBRA assigned preliminary ratings to 96 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2026-9. The pool comprises 292 first-lien, fixed-rate residential mortgage loans with an aggregate unpaid principal balance of 340.9 million USD as of the October 1, 2026 cut-off date. Non-conforming loans make up 79.3% of the pool and conforming loans 20.7%, with a weighted average original credit score of 770, consistent with prime collateral. The analysis combined loan-level modeling through KBRA's Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling, and a review of key transaction parties and legal documentation.

    Yahoo Finance·mortgagesbondscredit
  • Operating Results Could Be A Game Changer For Evolution Mining Shares (ASX:EVN)

    Evolution Mining reported quarterly output of 154,000 ounces of gold and 18,000 tonnes of copper, at an all-in sustaining cost (AISC) of A$1,653 per ounce. Analyst consensus sees revenue growing 5.9% a year over the next three years, profit margins rising from 26.5% to 33.4% by around 2029, and earnings lifting from A$1.5b to A$2.2b, with the highest and lowest outlooks at A$3.1b and A$1.6b. On those 2029 earnings, the shares would trade on a P/E of 16.1x, compared with 17.3x today and 11.4x for the wider Australian metals and mining group. The consensus price target is A$13.65, versus a share price of A$12.55 in late October 2026, a gap of 8.1%. The article also flags risks around sustaining capital, power reliability at Mungari and Red Lake, and labour turnover in underground roles.

    Yahoo Finance·goldminingAustralia
  • Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

    Bitmine Immersion Technologies (BMNR) resumed share buybacks after a roughly 10-week pause, purchasing 2.04 million shares at an average price of $22.48 for about $45.9 million last week. Chairman Tom Lee argued that crypto has held up better than AI-related stocks during the pullback: ETH has fallen 13% from its recent peak, while US semiconductors ($SOXX) are down 20% over the same period. Bitmine also bought 10,452 ETH worth about $24.5 million, slower than the 12,535 ETH purchased the previous week, bringing holdings to 6,051,933 ETH, or about 4.95% of Ethereum's 122.2 million token supply. The company has staked about 5.23 million ETH, or 86% of its holdings, projecting roughly $318 million in annualized staking revenue at current yields. Total buybacks this year reached 22.9 million shares, worth nearly $400 million.

    CoinDesk·▼ ETH/USDT▼ BTC/USDTcryptoEthereumshare buybacks
  • Brazil’s Stock Market Crashes After Lula’s Upset Victory

    Brazil's stock market lost more than 200 billion USD in value at Monday's open after Lula beat Flávio Bolsonaro in the runoff, winning 51.79% to 48.21%. The iShares MSCI Brazil ETF (EWZ) fell as much as 26%, the Ibovespa dropped as much as 17% to about 170,000 points, and the dollar rose as much as 12% against the real. B3 halted trading for 30 minutes after the Ibovespa fell 10%, its first circuit breaker since the COVID-19 pandemic. Before the vote, Polymarket and Kalshi had priced Bolsonaro's chances of winning at 82% and roughly 80%, while polls had shown a near tie. Bolsonaro said he does not recognize the result and will ask the courts to annul the election.

    Yahoo Finance·• DXYBrazilUS dollarexchange rates

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.