• New Found Gold posted a net loss of CAD 19.11 million, or CAD 0.08 per share, for three months ended March 31, widening from a net loss of CAD 8.94 million, or CAD 0.04 per share, a year earlier.
• Revenue totaled CAD 9.89 million, swinging from no revenue in prior-year period, with cost of sales of CAD 8.45 million.
• Exploration and evaluation expense climbed to CAD 12.55 million from CAD 5.73 million, while general and administrative expense rose to CAD 5.09 million from CAD 3.83 million.
• Cash and cash equivalents fell to CAD 37.92 million at March 31 from CAD 58.84 million at Dec. 31, with operating cash outflow of CAD 18.58 million.
• Subsequent to quarter-end, a CAD 115.06 million bought deal equity financing closed April 27, alongside a CAD 105 million senior secured credit facility with EdgePoint featuring a CAD 70 million Tranche 1 expected to be drawn before end of May.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Found Gold Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-059592), on May 13, 2026, and is solely responsible for the information contained therein.