New Found Gold Becomes Canadian Gold Producer with Hammerdown Ramp-Up
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New Found Gold Corp. has transitioned from an exploration company to a Canadian gold producer in 2025. Key achievements include an initial Mineral Resource Estimate and a Preliminary Economic Assessment for its Queensway Gold Project, with indicated resources of 1.39 million ounces and inferred resources of 0.61 million ounces. The company completed a 74,000-metre diamond drill program and made strategic acquisitions, enhancing its production capabilities. With a strengthened management team and financing initiatives, New Found Gold is positioned for growth as a multi-asset gold producer in Canada.
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