June 11 News contd22 Jun 2026 07:46
“We continue to make steady progress towards our objective of achieving commercial production at Hammerdown in H2/26, where we anticipate a run rate of 20,000 to 25,000 ounces of gold produced per year at an all-in sustaining cost of approximately US$2,500 per ounce, in line with our recently completed preliminary economic assessment,1,2,” stated Keith Boyle, CEO of New Found Gold. “Since completing the Hammerdown acquisition, we have put the people and processes in place and are continuing to commission the necessary infrastructure. Our achievements to date are a result of the hard work and dedication of our Hammerdown team, under the guidance of COO Robert Assabgui, Mill Manager Dwight Goudie and new General Manager, Mines, Mark Ross. I would like to welcome Mark; he has made a significant impact in his short time with the Company.”