New Found Gold Expects Hammerdown All-In Sustaining Costs of About USD 2,500 Per Ounce Over Mine Life
Bitget2026/10/15 11:00- New Found Gold expects Hammerdown life-of-mine annual production of 20,000–25,000 gold ounces at all-in sustaining costs of approximately USD 2,500 per ounce.
- Hammerdown reached commercial production August 19, 2026; third-quarter gold output totaled 4,863 ounces.
- On-site crusher and sorter construction is expected substantially complete in fourth-quarter 2026, with commissioning in first-quarter 2027, targeting lower crushing costs.
- Pine Cove's circuit conversion remains on budget for completion in fourth-quarter 2027.
- Cash totaled approximately CAD 167 million at September 30, 2026, against CAD 70 million in debt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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