New Found Gold's Queensway Project PEA Reveals Massive 56.3% IRR with Phased Low-Cost Development

New Found Gold posts high-return economics – The Northern Miner

New Found Gold (TSXV: NFG; NYSE-A: NFGC) has outlined a staged development starting with toll milling and expanding to an underground mine and processing plant, according to a preliminary economic...

New Found Gold Outlines $743 Million Net Present Value For Queensway Under PEA

New Found Gold (TSXV: NFG) has released the first economic assessment conducted for their flagship Queensway Gold project in Newfoundland. While the proposed operation is not large in size, the company appears to be rushing to enter the production phase of operations, with New Found claiming initial production is targeted for 2027. The preliminary economic assessment established by New Found Gold is focused on the development of the AFZ Core, wi…

New Found Gold's Queensway Project PEA Reveals Massive 56.3% IRR with Phased Low-Cost Development

Major milestone PEA shows 1.5Moz gold production over 15 years with $155M initial capital. Two-phase development targets first gold by 2027. See full economics.