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New Found Gold Corp

www: newfoundgold.ca   email: contact@newfoundgold.ca
Category: Junior: Near-term Producer
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Symbol Data

Symbol Currency
CVE:NFG CAD
NYSEAMERICAN:NFGC USD

Description

New Found Gold Corp are a gold focused junior, near-term producer with two exploration properties in Canada. They have approximately 10Moz. of gold in the reserves and resources category of which 1Moz. are in the measured and indicated category. They have a market capitalisation of ~C$498.27M which is a fall of roughly 4% over the last thirteen months. As of 09/08/2024 they have no debt and ~C$28.25M cash. They have 228M shares outstanding and trade on the Canadian Venture Exchange.

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General Details

Financial 09/08/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $519.95M $498.27M 09/08/2025
MCap (OS): $475.40M $459.94M 09/08/2025
Total Assets: $59.20M $57.95M 09/08/2024
Total Liabilities: $1.48M $1.45M 09/08/2024
Current Assets: $28.86M $28.25M 09/08/2024
Current Liabilities: $1.48M $1.45M 09/08/2024
Total Debt: $0.00M $0.00M 09/08/2024
Cash: $28.86M $28.25M 09/08/2024
Debt (Net): $-28.86M $-28.25M
Enterprise Value: $491.09M $470.02M 11/22/1984
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 09/08/2024
Misc 09/08/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 192,905,254 228,000,000 09/08/2025
Shares (FD): 210,985,411 247,000,000 09/08/2025
Insider Ownership: n/a 45% 09/08/2025
Dividend (Annual): n/a n/a 09/08/2025
Company Type: Mostly Gold Mostly Gold never
Group: Developer Developer never
Production ETA: n/a n/a 09/08/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 09/08/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 09/08/2024
Development Phase: none none 08/06/2025
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 15
Developer: Strong Path to Production
 15
Developer: Strong Path to Production
 09/10/2023
Cash Flow Multiple: 4 8 09/05/2025

Resource Data

GOLD 09/08/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 09/08/2024
Measured & Indicated: n/a 1.00M 03/25/2025
Inferred: 15.00M 9.00M 03/25/2025
Reserves & Resources: 15.00M 10.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/08/2024
Measured & Indicated: n/a 0.72M 03/25/2025
Inferred: 6.75M 4.05M 03/25/2025
Reserves & Resources: 6.75M 4.77M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 09/08/2024
Extra Operating Cost: n/a n/a 09/08/2024
Total: $1,600 $1,850 09/08/2024
Margin (Free Cash Flow): n/a
MCap / Production (AuEq): n/a n/a
EV / Production (AuEq): n/a n/a
G
R
A
D
E		 Underground (Avg): 5.00 g/t 5.00 g/t 09/08/2024
Open Pit (Avg): n/a 1.00 g/t 03/25/2025
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/08/2025
F
U
T
U
R
E		 Proven & Probable: 15.00M 10.00M 03/25/2025
Annual Production: 500,000oz. 350,000oz. 03/25/2025
Cash Cost: $1,000 $1,200 03/25/2025
Extra Operating Cost: $600 $650 03/25/2025
SILVER 09/08/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 09/08/2024
Measured & Indicated: n/a n/a 09/08/2024
Inferred: n/a n/a 09/08/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/08/2024
Measured & Indicated: n/a n/a 09/08/2024
Inferred: n/a n/a 09/08/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 09/08/2024
Extra Operating Cost: n/a n/a 09/08/2024
Total: n/a n/a 09/08/2024
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): n/a n/a
EV / Production (AgEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 09/08/2024
Open Pit (Avg): n/a n/a 09/10/2023
Recovery Rate: n/a n/a 09/08/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/08/2024
Annual Production: n/a n/a 09/08/2024
Cash Cost: n/a n/a 09/08/2024
Extra Operating Cost: n/a n/a 09/08/2024

Property

Last Analysis Data  (09/08/2024)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp Lucky Strike
100 show
Early exploration.

Size: 10,000 ha
Exp Queensway
100 show
Significant historical drill holes.

Early exploration

Size: 160,000 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp Lucky Strike
100 show
Early exploration.

Size: 10,000 ha
Exp Queensway
100 show
Significant historical drill holes.

Early exploration

Size: 160,000 ha

Profitability (by resource)

Proven &
Probable		 09/08/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
EV / Gold Eq.: n/a n/a n/a
EV / Silver Eq.: n/a n/a n/a
EV / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 09/08/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a 1.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a 0.72M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a $1,292.28M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a $1,292.28M n/a
Max Profit / Current MCap: n/a 2.594 n/a
Max Profit Per Share (Gold): n/a $5.23 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a $5.23 n/a
Total Free Profit Per Share: n/a $2.45 n/a
FD MCap / Gold Eq.: n/a $692.04 n/a
FD MCap / Silver Eq.: n/a $7.98 n/a
FD MCap / Per Metal
as % Spot Price:		 n/a 18.99% n/a
EV / Gold Eq.: n/a $652.80 n/a
EV / Silver Eq.: n/a $7.53 n/a
EV / Per Metal
as % Spot Price:		 n/a 17.91% n/a

Reserves &
Resources		 09/08/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 15.00M 10.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 6.75M 4.77M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $6,059.48M $8,561.34M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $6,059.48M $8,561.34M n/a
Max Profit / Current MCap: 11.654 17.182 n/a
Max Profit Per Share (Gold): $28.72 $34.66 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $28.72 $34.66 n/a
Total Free Profit Per Share: $25.39 $31.88 n/a
FD MCap / Gold Eq.: $77.03 $104.46 n/a
FD MCap / Silver Eq.: $0.86 $1.21 n/a
FD MCap / Per Metal
as % Spot Price:		 3.08% 2.87% n/a
EV / Gold Eq.: $72.75 $98.54 n/a
EV / Silver Eq.: $0.81 $1.14 n/a
EV / Per Metal
as % Spot Price:		 2.91% 2.70% n/a

Future Valuation (Cash Flow & Totals)

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