New Found Gold Corp (NYSE: NFGC) has completed a C$63 million bought-deal financing and a C$20 million private placement, according to company statements. The Canadian gold miner also finalized the acquisition of Maritime Resources, adding claims around its Queensway project.
CEO Keith Boyle confirmed the company's transformation into an emerging Canadian gold producer on January 7. The transition from an early-stage exploration company continued in 2025 with the delivery of MR and PEA at Queensway and balance sheet improvements.
"As we enter 2026, our focus is clear: ramp up Hammerdown safely and efficiently, advance Queensway through engineering, permitting, and project finance toward a targeted 2027 start-up, and continue disciplined, high-impact exploration across the district – building on our success at targets like Dropkick – to unlock the full camp-scale potential of this emerging Canadian gold camp," Boyle said.
The company operates primarily in Newfoundland and Labrador, Canada, with assets including the high-grade Queensway project. The recent financial moves and acquisition are described as strengthening its prospects as an emerging producer.