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New Found Gold ( (TSE:NFG) ) has provided an update.
New Found Gold Corp. has initiated its 2025 work program at the Queensway Gold Project, emphasizing infill and exploration drilling in key zones such as Keats West, Lotto, Dome, and Dropkick. The program aims to advance the project towards development, with plans for bulk sampling in 2026 and ongoing excavation and sampling efforts to enhance geological understanding and resource expansion potential.
Spark’s Take on TSE:NFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFG is a Neutral.
New Found Gold’s overall score reflects significant challenges typical for exploration companies, including lack of revenue and negative technical momentum. However, a strong equity position and promising corporate developments provide potential upside, making it a speculative investment with high risk and potential long-term reward.
To see Spark’s full report on TSE:NFG stock, click here.
More about New Found Gold
New Found Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the exploration of its 100%-owned Queensway Gold Project located in Newfoundland and Labrador, Canada.
Average Trading Volume: 701,869
Technical Sentiment Signal: Sell
Current Market Cap: C$321M
For detailed information about NFG stock, go to TipRanks’ Stock Analysis page.
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