New Found Gold (TSX:NFGC) - Q3 Hammerdown Production Results

Hammerdown's first commercial quarter validates New Found Gold's PEA guidance, positioning Queensway's fully-funded Q4 2027 startup as the next catalyst.

• Q3 production confirms PEA: Hammerdown produced 4,863 oz gold in its first quarter of commercial production (declared Aug 19, 2026), at the low end of the 20,000-25,000 oz/year guided run-rate.
• Sales and costs: 6,035 oz sold at US$4,310/oz realized price; AISC guided at ~US$2,500/oz; mill feed grade averaged 2.76 g/t with 85% recovery, up from high-50s/low-60s at startup.

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