New Found Gold reported preliminary operating results for the third quarter of 2026, following commercial production at its 100% owned Hammerdown Gold Mine on August 19, 2026. The mine produced 4,863 ounces of gold and sold 6,035 ounces during the quarter, at an average realized price of US$4,310 (CA$6,033) and 85% recovery. CEO Keith Boyle said Hammerdown and the Pine Cove Mill met or exceeded several key production targets and that the mine has reached steady-state production. As at September 30, 2026, the company had about $167 million in cash and $70 million in debt, with a further $35 million facility available until May 15, 2027, subject to conditions. The company anticipates a life-of-mine run rate of 20,000 to 25,000 ounces of gold per year at an AISC of approximately US$2,500 per ounce.
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