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New Found Gold Expects Hammerdown All-In Sustaining Costs of About USD 2,500 Per Ounce Over Mine Life

PUBT·10/15/2026 11:00:46
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New Found Gold Expects Hammerdown All-In Sustaining Costs of About USD 2,500 Per Ounce Over Mine Life
  • New Found Gold expects Hammerdown life-of-mine annual production of 20,000–25,000 gold ounces at all-in sustaining costs of approximately USD 2,500 per ounce.
  • Hammerdown reached commercial production August 19, 2026; third-quarter gold output totaled 4,863 ounces.
  • On-site crusher and sorter construction is expected substantially complete in fourth-quarter 2026, with commissioning in first-quarter 2027, targeting lower crushing costs.
  • Pine Cove's circuit conversion remains on budget for completion in fourth-quarter 2027.
  • Cash totaled approximately CAD 167 million at September 30, 2026, against CAD 70 million in debt.


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 via Newsfile (Ref. ID: 202610150659NEWSFILECNPR____20261015_319039_1) on October 15, 2026, and is solely responsible for the information contained therein.