Emerging Gold Producer New Found Gold Corp. (TSX: NFGC) (NYSE American: NFGC) Gains on Commercial Production at Hammerdown Gold Mine - Investorideas.com

AI desk brief

New Found Gold said it has declared commercial production at its 100%-owned Hammerdown Gold Mine in Newfoundland after meeting its sustained operating criteria over 60 consecutive days. The company said Hammerdown averaged about 748 tpd throughput, 87.7% gold recovery and 2.92 g/t feed grade, while producing 9,140 oz in the first eight months of 2026, including 1,989 oz in August.

The stock rose 8% to C$2.43, with a morning high of C$2.48. Management said the milestone keeps the company focused on steady gold output at Hammerdown while advancing its fully funded Phase 1 Queensway project toward production.