New Found Gold Corp. (NFGC) Form 6-K — Jul 6, 2026
New Found Gold Corp. announced that the Newfoundland and Labrador Minister of Environment has required an Environmental Preview Report for the Queensway Phase 1 project, marking the next step in the environmental assessment process initiated in April 2026. The company expects to receive guidelines within 60 days and aims for a release from the assessment process pending public review and ministerial decision. The company received a permit amendment to convert its Pine Cove mill from a flotation-leach circuit to a gravity-carbon-in-leach circuit, targeting increased gold recoveries from 87% to approximately 92%.
Key figures
- Deal Value Usd
- $155M
- Aisc per oz
- US$1,282
- Phase1 capex
- $155M
- Feed grade g t
- 9.64
- Recovery rate percent
- 92%
- Avg annual production oz
- 69.3k
- Mill throughput target tpd
- 1,400
AI analysis
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