New Found Gold Corp. (NFGC) Form 6-K — Aug 12, 2026
New Found Gold reported Q2 2026 revenue of C$15.7 million and a net loss of C$11.1 million (C$0.03 per share) in its second full quarter as a gold producer following the Maritime acquisition, with cash rising to C$193.8 million from C$58.8 million at year-end 2025. During the quarter the company closed a C$220 million Finance Package: a C$115.1 million bought deal of 38.87 million shares at C$2.96, plus the first C$70 million tranche of a C$105 million EdgePoint senior secured credit facility bearing 8.75% fixed interest (13.16% effective rate), with a further C$35 million tranche available.
Key figures
- Eps
- -C$0.03 (Q2 2026)
- Revenue
- C$15,722,168 (Q2 2026)
- Guidance
- Hammerdown commercial production targeted for H2 2026 at 20,000-25,000 oz/yr at approximately US$2,500/oz AISC; first Queensway Phase I material to the Pine Cove Mill targeted for Q4 2027.
- Net Income
- -C$11,077,949 (Q2 2026)
- Total Debt
- C$67,056,794 (loans payable incl. current portion at June 30, 2026)
- Debt Amount
- C$70,000,000 Tranche 1 drawn (C$69,300,000 net cash proceeds) under C$105,000,000 EdgePoint facility
- Total Assets
- C$705,676,031
- Cash Position
- C$193,832,409
- Interest Rate
- 8.75% fixed per annum (13.16% effective rate)
- Maturity Date
- Three years from Tranche 1 drawdown (May 15, 2026), i.e., May 15, 2029
- Gross Proceeds
- C$115,055,200 (bought deal equity financing closed April 27, 2026)
- Offering Price
- C$2.96
- Shares Offered
- 38870000
- Shares Outstanding
- 384357549
- Goodwill
- C$124,536,089
- H1 2026 eps
- -C$0.12
- H1 2026 revenue
- C$25,609,997
- H1 2026 net loss
- -C$30,187,005
- Sprott ownership
- ~19%
- Tranche2 undrawn
- C$35,000,000
- Edgepoint warrants
- 2,489,818 at C$3.30 exercisable until May 15, 2029
- Accumulated deficit
- C$386,079,378
- Shareholders equity
- C$508,006,773
- Pine cove throughput
- 700 tpd design; peak 1,394 tpd achieved; conversion expected to lift recoveries from 87% to ~92%
- Q2 exploration expense
- C$14,812,587
- Queensway 2026 program
- C$44M fully funded; 90,000 m drilling; six rigs
- Working capital surplus
- C$187,184,398
- Credit facility capacity
- C$105,000,000
- Mining segment q2 net income
- C$1,419,285
- Maritime acquisition consideration
- C$311,044,914
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.