New Found Gold Presents Fully Funded Queensway Phase 1 Development Plan

Bitget2026/11/02 17:14

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New Found Gold outlined a fully funded Queensway Phase 1 development plan with initial capital expenditure of CAD 150 million.
First ore processing at Pine Cove is planned for the fourth quarter of 2027, initially at 700 metric tons daily.
Queensway's revised preliminary economic assessment projects total gold production of 1,700,000 ounces over a 15-year mine life.
Average annual all-in sustaining costs are projected at USD 1,375 per ounce.
Measured and indicated gold resources increased 38% to 1,920,000 ounces.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Found Gold Corp. published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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New Found Gold Presents Fully Funded Queensway Phase 1 Development Plan

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