• New Found Gold projects Queensway initial capital spending of $150 million, with average annual all-in sustaining costs of US$ 1,375 per ounce.
• Projected production totals 1,700,000 ounces over a 15-year mine life; base-case after-tax payback is less than one year.
• Pine Cove expansion to 1,400 tonnes daily is targeted for completion in Q4 2027, when Queensway deliveries are scheduled to begin.
• Hammerdown crusher commissioning in Q1 2027 is expected to reduce crushing costs; Q3 2026 all-in sustaining costs reached US$ 3,279 per ounce.
• Cash stood at $167.1 million, supporting Queensway Phase 1 funding.

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 on November 12, 2026, and is solely responsible for the information contained therein.