KEITH BOYLE (DIRECTOR & CEO, NEW FOUND GOLD):

Hi. I’m Keith Boyle, CEO at New Found Gold. New Found Gold has assets on the Island of Newfoundland in Labrador. Our flagship property, Queensway Gold Project, is advancing rapidly based on our PEA. Right now, we are advancing the Hammerdown Gold Project, ramping up the mine to commercial production and fine-tuning the Pine Cove Mill. All that with a large exploration package that we are now exploring with a 90,000-metre drill campaign.

Management Presentation & Operational Q&A

MATTHEW GORDON (ANALYST, CRUX INVESTOR):

Keith, good to see you. Will you be able to consistently deliver tonnes, grade, recoveries, and cash flow to self-fund Queensway exploration?

KEITH BOYLE (CEO):

Yes, Queensway is the core cash flow generator. Our Preliminary Economic Assessment (PEA) demonstrates an operational run rate of 20,000 to 25,000 ounces per year at a CAD 2,500 All-In Sustaining Cost (AISC). At current gold prices above $2,300/oz, this generates CAD 40-50 million annually in free cash flow, fully self-funding our ongoing exploration program without equity dilution.

MATTHEW GORDON (ANALYST):

What is the timeline for Pine Cove Mill commissioning and commercial gold pour?

KEITH BOYLE (CEO):

Pine Cove Mill wet commissioning is scheduled for late Q3 2026. Commercial throughput will ramp to 1,400 tonnes per day by Q4, with initial gold dore pouring planned immediately after crushing circuit reconciliation.

Earnings Call Transcripts Repository

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