Tuesday, 02 January 2024 12:17 GMT

New Found Gold Corp.


(MENAFN- Baystreet) 09:40 AM EST - New Found Gold Corp.: Declared commercial production at its 100% owned Hammerdown Gold Mine, located in Central Newfoundland, Commercial production was defined based on meeting three criteria on a sustained basis over 60 consecutive days. The criteria consist of throughput at the Pine Cove Mill of at least 600 tonnes per day, gold recovery of at least 80% and feed grade of at least 80% of the mine plan head grade, as outlined in the Hammerdown preliminary economic assessment. New Found Gold Corp. shares T are trading up $0.21 at $2.46.

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