In this conversation with Keith Boyle, CEO of New Found Gold Corp. (TSX: NFGC) (NYSE: NFGC), we discuss developing gold production through a market downturn and the revised plan for Queensway in Newfoundland. Keith explains why the company chose a smaller, high-grade first phase, with approximately C$150 million in initial capital, and aims to use cash flow to support later expansion.
We also cover the 38% increase in measured and indicated resources, higher growth capital requirements, the Pine Cove mill upgrade and the target to begin processing Queensway material in Q4 2027. Keith outlines the available funding and contribution from Hammerdown, which is already producing gold.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
