Commodities
New Found Gold Achieves Commercial Production at Hammerdown Mine
New Found Gold has achieved commercial production at its Hammerdown Gold Mine in central Newfoundland, marking a milestone in the company's transition from explorer to producer.
The mine produced 1,989 ounces of gold in August 2026, bringing year-to-date production to 9,140 ounces. The average realized gold price over that period was C$6,271 per ounce (approximately US$4,532 per ounce).
New Found Gold's CEO Keith Boyle noted that Hammerdown is slated to be a 20,000-25,000 ounce a year producer, with the company planning to provide formal annual guidance for Hammerdown in due course.