New Found Gold's revised Queensway study more than doubles after-tax NPV to CAD 1.73 billion
Bitget2026/10/22 21:02- New Found Gold's revised Queensway preliminary economic assessment more than doubles after-tax net present value at a 5% discount rate to CAD 1.73 billion.
- After-tax internal rate of return reaches 126% at a base-case gold price of USD 3,600 per ounce.
- Measured and indicated gold resources rise 38% to 1,920,000 ounces at the Newfoundland and Labrador project.
- Initial capital remains CAD 149.8 million, fully funded; growth capital totals CAD 832.1 million.
- First material delivery to Pine Cove is targeted for Q4 2027; projected gold production totals 1,744,000 ounces over 15 years.
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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