New Found Gold outlines C$220 million financing package, production plan in corporate presentation
NFGC•Queensway development plan and financing package
New Found Gold outlined plans to advance the Queensway gold project toward cash flow using a phased development approach.
Funding package totals CAD 220 million, described as sufficient to reach production.
Capital structure shows 411,200,000 basic shares, share price CAD 2.37, market cap CAD 914 million.
Cash and marketable securities were CAD 194 million, supported by a CAD 35 million credit facility.
Queensway base-case metrics include after-tax NPV CAD 743 million, after-tax IRR 56%, and LOM AISC USD 1,256/oz.
