New Found Gold (TSX: NFG; NYSE-A: NFGC) has crossed the line from explorer to producer after buying Maritime Resources and its Hammerdown mine in Newfoundland, CEO Keith Boyle said last week.
The company is ramping up output at Hammerdown while advancing a staged start at the flagship Queensway project aimed at lifting group production to about 200,000 oz. a year by the second half of 2027.
“We see a clear line of sight on materially growing output,” Boyle told The Northern Miner’s podcast host, Adrian Pocobelli, in London during the International Mining Symposium held on Nov. 30 and Dec. 1. The near-term Hammerdown cash flow and owned plants should reduce execution risk as Queensway moves ahead, the executive said.
The merger last month delivered Hammerdown, the Pine Cove mill and the Nugget Pond gold circuit, giving New Found several processing routes and more control over timelines. The first Hammerdown gold was poured last month with a ramp to steady state targeted early next year.
Watch the full interview below:
The preceding Joint Venture Article is PROMOTED CONTENT sponsored by New Found Gold and produced in cooperation with The Northern Miner.
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