New Found Gold Provides Hammerdown Update
New Found Gold reports that its Hammerdown project remains on schedule for commercial production in the second half of 2026. The Pine Cove Mill is now processing Hammerdown mineralized material, achieving 87% gold recovery and peak throughput of 1,394 tonnes per day, exceeding the 700 tpd design criteria.
Key figures
- Aisc per ounce
- 2500
- Total workforce
- 264
- Drilling total m
- 20000
- New jobs created
- 40
- Mill recovery pct
- 87%
- Peak throughput tpd
- 1394
- Person hours worked
- 105000
- Drilling completed m
- 7000
- Run rate oz per year
- 20,000 to 25,000
- Design throughput tpd
- 700
AI analysis
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