New Found Gold expects Hammerdown all-in sustaining costs of about USD 2,500 per ounce over mine life
NFGC•New Found Gold expects Hammerdown to produce 20,000–25,000 gold ounces annually over its mine life at all-in sustaining costs of about USD 2,500 per ounce. The mine reached commercial production on August 19, 2026, and produced 4,863 ounces in the third quarter.
1. Operations and finances
New Found Gold expects construction of Hammerdown’s on-site crusher and sorter to be substantially complete in the fourth quarter of 2026, with commissioning in the first quarter of 2027 to target lower crushing costs. The company said Pine Cove’s circuit conversion remains on budget for completion in the fourth quarter of 2027, and it had about CAD 167 million in cash against CAD 70 million in debt at September 30, 2026.
