{"article":{"annotation":{"article_id":"new-found-gold-queensway-updated-mre-revised-pea-2026","available_at":"2026-10-25T02:28:13.622176Z","geography_revision":"ef6ee0010dda5fe7b240fd514749b43e214c57da73222d2e40ec83b276dd0977","id":"e3fde97476549657b0bad426b68bf3a9d1fb6da3ee299172686ba7b3d6074d46","input_sha256":"72cd401899a263849c23fa7b52b9dc5230a10ce496c6f43bdd9eca7873eeaa04","limitations":["Rule-derived subjects are candidates, not verified editorial labels or calibrated model probabilities.","Coverage is distinct from event location. Unknown country/city/coordinates remain absent; no automatic geocoding.","Article geometries keep their stated precision and methodology; reproducing them is not independent coordinate verification."],"method":"controlled-rules-v1","places":[{"admin1":null,"city":null,"coordinate_note":null,"coordinate_reference_system":"OGC:CRS84","coordinate_source":null,"country":"CA","evidence":[{"field":"country","language":"en","note":"Explicit preserved editorial country/region; no city or national centroid inferred","source_urls":["https://newfoundgold.ca/new-found-gold-announces-queensway-gold-project-revised-pea-and-updated-mre/"]}],"geometry":null,"id":"iso3166-1:CA","kind":"country-or-area","labels":{"ar":"كندا","en":"Canada","es":"Canadá","fr":"Canada"},"match_status":"candidate","precision":"regional","role":"coverage","uncertainty_m":null}],"rules_sha256":"fb5ad3c27c91cb840f7a0a05f7f64a5cb26ad0374409ff9457f277c7092e22b4","schema_version":1,"subjects":[{"concept_id":"medtop:20000349","confidence":null,"confidence_method":null,"evidence":[{"field":"category+topics","language":"en","note":"Preserved editorial category/topic; broad candidate only","source_urls":["https://newfoundgold.ca/new-found-gold-announces-queensway-gold-project-revised-pea-and-updated-mre/"]}],"method":"controlled-rules-v1","rule_id":"business-broad","status":"candidate"},{"concept_id":"medtop:20000316","confidence":null,"confidence_method":null,"evidence":[{"field":"en.title+en.summary","language":"en","note":"Subject suggested from the title or summary: mine","source_urls":["https://newfoundgold.ca/new-found-gold-announces-queensway-gold-project-revised-pea-and-updated-mre/"]}],"method":"controlled-rules-v1","rule_id":"mining","status":"candidate"}],"taxonomy_revision":"1f2db31d811fca07e99b16d402c10e2cc2965c9df1c7b41d9be348b40a24e7fb","taxonomy_version":"IPTC Media Topics 2026-Q2"},"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=en","category":"business","content":{"key_points":[],"paragraphs":["New Found Gold announced a revised preliminary economic assessment and updated mineral resource estimate for its 100%-owned Queensway Gold Project in Newfoundland and Labrador on October 22. Using a 5% discount rate for NPV, the base case reports after-tax NPV5 of C$1.728 billion at a gold-price assumption of US$3,600 per ounce; the corresponding model reports a 126% internal rate of return. The separate upside case at US$4,100 per ounce gives after-tax NPV5 of C$2.225 billion and an IRR of 164%.","The updated estimate raises measured and indicated gold resources by 38%, or 528,000 ounces, to 1.920 million ounces. That category totals 27.325 million tonnes grading 2.19 grams per tonne. Inferred resources remain at 606,000 ounces, comprising 12.471 million tonnes grading 1.51 g/t. The company’s release says the estimate uses a July 6, 2026 effective date and replaces its 2025 estimate.","The revised mine plan models 1.744 million ounces of gold over 15 years, with a phased combination of open-pit and underground mining. Phase 1 is planned around the company’s Pine Cove mill, with later phases incorporating an on-site Queensway mill. The PEA changes the first-phase processing site from the previously contemplated third-party Nugget Pond mill to New Found’s own Pine Cove facility and includes the Dropkick zone in the mine plan.","The study uses a phased processing plan: an initial gravity-carbon-in-leach circuit at Pine Cove, followed by construction of the Queensway mill in two stages with separate gravity-CIL and gravity-flotation circuits. The updated plan also advances underground mining from Phase 3 to Phase 2 and increases underground ounces in the mine plan by 86%, according to the company. It estimates initial capital at C$149.8 million and growth capital at C$832.1 million.","New Found said the project had C$167 million in cash and equivalents at September 30, plus a further C$35 million debt facility available subject to conditions precedent, potential warrant proceeds and cash flow from its Hammerdown operation through 2027. Those items are the company’s stated funding position; the PEA still depends on its cost, price and schedule assumptions. The plan anticipates first mineralized material reaching Pine Cove in the fourth quarter of 2027, subject to permits and development work.","The mine-plan ounces are categorized as 1% measured, 80% indicated and 19% inferred. Phase 1 production targets are based on approximately 97% measured and indicated resources and 3% inferred resources. The PEA includes inferred resources, which have lower geological confidence."],"sections":[]},"corrections":[],"country":"CA","data":{"blocks":[{"description":{"ar":"تحاكي الدراسة الأولية المعدلة منجماً مرحلياً لمدة 15 عاماً في نيوفاوندلاند؛ وارتفعت الموارد المقاسة والمشار إليها 38% إلى 1.92 مليون أونصة.","de":"Die überarbeitete vorläufige Bewertung modelliert eine gestufte 15-jährige Mine in Neufundland; gemessene und angezeigte Ressourcen steigen um 38 % auf 1,92 Millionen Unzen.","en":"The revised preliminary assessment models a phased 15-year Newfoundland mine; measured and indicated resources rose 38% to 1.92 million ounces.","es":"La evaluación preliminar revisada modela una mina por fases de 15 años en Terranova; los recursos medidos e indicados aumentan un 38 % hasta 1,92 millones de onzas.","fr":"L’évaluation préliminaire révisée modélise une mine par phases de 15 ans à Terre-Neuve; les ressources mesurées et indiquées augmentent de 38 % à 1,92 million d’onces.","pt":"A avaliação preliminar revisada modela uma mina em fases por 15 anos em Newfoundland; recursos medidos e indicados aumentam 38% para 1,92 milhão de onças.","tr":"Revize ön değerlendirme Newfoundland’da aşamalı 15 yıllık bir maden modeli sunuyor; ölçülmüş ve gösterilmiş kaynaklar %38 artışla 1,92 milyon onsa çıktı."},"id":"queensway-updated-pea-2026","items":[{"basis":"estimate","label":{"ar":"صافي القيمة الحالية بعد الضريبة NPV5 للحالة الأساسية بمعدل خصم 5%","de":"Nachsteuer-NPV5 des Basisfalls bei 5 % Abzinsung","en":"Base-case after-tax NPV5 at 5% discount rate","es":"VPN5 después de impuestos del caso base con descuento del 5 %","fr":"VAN5 après impôt du scénario de base au taux d’actualisation de 5 %","pt":"VPL5 após impostos do caso-base com desconto de 5%","tr":"%5 iskonto oranında temel senaryo vergi sonrası NPV5"},"measure":{"aggregation":"unspecified","frequency":"irregular","geography":"newfoundland-and-labrador","id":"queensway-base-after-tax-npv","periodRole":"announcement-date","unitCode":"billion-cad"},"period":"2026-10-22","unit":"billion CAD","value":1.728},{"basis":"estimate","label":{"ar":"معدل العائد الداخلي بعد الضريبة في الحالة الأساسية","de":"Nachsteuer-IRR im Basisfall","en":"Base-case after-tax internal rate of return","es":"Tasa interna de retorno después de impuestos, caso base","fr":"Taux de rendement interne après impôt, scénario de base","pt":"Taxa interna de retorno após impostos, caso-base","tr":"Temel senaryo vergi sonrası iç kârlılık oranı"},"measure":{"aggregation":"rate","frequency":"irregular","geography":"newfoundland-and-labrador","id":"queensway-base-after-tax-irr","periodRole":"announcement-date","unitCode":"percent"},"period":"2026-10-22","unit":"percent","value":126},{"basis":"estimate","label":{"ar":"أونصات الذهب في الموارد المقاسة والمشار إليها","de":"Unzen gemessener und angezeigter Goldressource","en":"Measured and indicated gold resource ounces","es":"Onzas de recursos de oro medidos e indicados","fr":"Onces de ressources aurifères mesurées et indiquées","pt":"Onças de recursos de ouro medidos e indicados","tr":"Ölçülmüş ve gösterilmiş altın kaynağı, ons"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"newfoundland-and-labrador","id":"queensway-m-and-i-gold-resource","periodRole":"reference-period","unitCode":"troy-ounce"},"period":"2026-07-06","unit":"troy ounces","value":1920000}],"methodology":{"ar":"نُقلت الأرقام من بيان نيو فَوند غولد في 22 أكتوبر حول التقييم المعدل وتقدير الموارد المحدث. صافي القيمة الحالية بعد الضريبة مخصوم بمعدل 5%؛ ومعدلا العائد الداخلي 126% للحالة الأساسية و164% لسيناريو الارتفاع نتيجتان منفصلتان من التدفقات النقدية النموذجية لكل منهما. افتراضات سعر الذهب 3,600 دولار أمريكي للأونصة في الحالة الأساسية و4,100 دولار في سيناريو الارتفاع. تاريخ سريان تقدير الموارد 6 يوليو 2026. الدراسة أولية ولا تحدد احتياطيات معدنية.","de":"Werte aus der Mitteilung zur überarbeiteten PEA und aktualisierten Ressource vom 22. Oktober. Die Nachsteuer-NPV-Werte werden mit 5 % abgezinst; die IRRs von 126 % im Basisfall und 164 % im Aufwärtsszenario sind separate Ergebnisse der jeweiligen modellierten Cashflows. Die Goldpreisannahmen betragen 3.600 US-Dollar je Unze im Basisfall und 4.100 US-Dollar im Aufwärtsszenario. Stichtag der Ressourcenschätzung ist der 6. Juli 2026. Die Studie ist vorläufig und definiert keine Mineralreserven.","en":"Figures transcribed from New Found Gold’s October 22 revised PEA and updated MRE release. After-tax NPV values are discounted at 5%; the reported 126% base-case and 164% upside IRRs are separate results from their respective modeled cash flows. Gold-price assumptions are US$3,600/oz for the base case and US$4,100/oz for the upside. The resource estimate has a July 6, 2026 effective date. The study is preliminary and does not define mineral reserves.","es":"Cifras transcritas del comunicado del 22 de octubre sobre el PEA revisado y los recursos actualizados. Los VPN después de impuestos se descuentan al 5 %; las TIR del 126 % para el caso base y del 164 % para el alcista son resultados separados de sus respectivos flujos de caja modelados. Los supuestos de precio del oro son US$3.600/oz para el caso base y US$4.100/oz para el alcista. La estimación de recursos tiene fecha efectiva del 6 de julio de 2026. El estudio es preliminar y no define reservas minerales.","fr":"Chiffres repris du communiqué du 22 octobre sur l’évaluation révisée et les ressources actualisées. Les VAN après impôt sont actualisées à 5 %; les TRI de 126 % pour le scénario de base et de 164 % pour le scénario haussier sont des résultats distincts des flux de trésorerie modélisés correspondants. Les hypothèses de prix de l’or sont de 3 600 $ US/oz pour le scénario de base et de 4 100 $ US/oz pour le scénario haussier. L’estimation des ressources a une date d’effet au 6 juillet 2026. L’étude est préliminaire et ne définit pas de réserves minérales.","pt":"Valores transcritos do comunicado de 22 de outubro sobre a PEA revisada e os recursos atualizados. Os VPL após impostos são descontados a 5%; as taxas internas de retorno de 126% no caso-base e 164% no cenário de alta são resultados separados dos respectivos fluxos de caixa modelados. As premissas de preço do ouro são US$3.600/oz no caso-base e US$4.100/oz no cenário de alta. A estimativa de recursos tem data efetiva de 6 de julho de 2026. O estudo é preliminar e não define reservas minerais.","tr":"Rakamlar New Found Gold’un 22 Ekim revize PEA ve güncellenmiş kaynak duyurusundan aktarılmıştır. Vergi sonrası NPV değerleri %5 oranında iskonto edilir; temel senaryodaki %126 ve yüksek senaryodaki %164 IRR, ilgili modellenmiş nakit akışlarının ayrı sonuçlarıdır. Altın fiyatı varsayımları temel senaryoda ons başına 3.600, yüksek senaryoda 4.100 ABD dolarıdır. Kaynak tahmininin yürürlük tarihi 6 Temmuz 2026’dır. Çalışma ön niteliktedir ve mineral rezerv tanımlamaz."},"sourceUrls":["https://newfoundgold.ca/new-found-gold-announces-queensway-gold-project-revised-pea-and-updated-mre/"],"title":{"ar":"نيو فَوند غولد تحدّث دراسة كوينزواي بصافي قيمة حالية بعد الضريبة قدره 1.73 مليار دولار كندي","de":"New Found Gold aktualisiert Queensway-Studie mit C$1,73 Milliarden Nachsteuer-NPV","en":"New Found Gold updates Queensway study with C$1.73 billion after-tax NPV","es":"New Found Gold actualiza Queensway con un VPN después de impuestos de C$1.730 millones","fr":"New Found Gold actualise l’étude de Queensway avec une VAN après impôt de 1,73 milliard de dollars canadiens","pt":"New Found Gold atualiza Queensway com VPL após impostos de C$1,73 bilhão","tr":"New Found Gold, Queensway çalışmasını 1,73 milyar Kanada doları vergi sonrası NPV ile güncelledi"},"type":"metrics","updatedAt":"2026-10-25T02:20:20Z"}],"version":1},"data_downloads":[{"formats":{"csv":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026/data/queensway-updated-pea-2026?lang=en&format=csv","json":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026/data/queensway-updated-pea-2026?lang=en&format=json"},"id":"queensway-updated-pea-2026"}],"data_types":["metrics"],"editorial_illustration":{"alt":"Conceptual illustration of industry, engineering and logistics connections.","asset_id":"newsverum-v1-business","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"topic","url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","width":1536}],"width":1536},"event_id":"event-de54f2e4-bf7c-565f-9cca-5eb31cd38b12","event_period":"2026-10-22","event_period_basis":"event-or-reference-period","id":"new-found-gold-queensway-updated-mre-revised-pea-2026","image":null,"importance":0.6,"language":"en","modified_at":"2026-10-25T02:27:51+00:00","publication_basis":"publication-record","published_at":"2026-10-25T02:27:51+00:00","reading_minutes":3,"region":"world","section_illustration":{"alt":"Conceptual illustration of industry, engineering and logistics connections.","asset_id":"newsverum-v1-business","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"section","url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","width":1536}],"width":1536},"slug":"new-found-gold-queensway-updated-mre-revised-pea-2026","sources":[{"checkedAt":"2026-10-25","name":"New Found Gold Corp.","publishedAt":"2026-10-22","url":"https://newfoundgold.ca/new-found-gold-announces-queensway-gold-project-revised-pea-and-updated-mre/"}],"summary":"The revised preliminary assessment models a phased 15-year Newfoundland mine; measured and indicated resources rose 38% to 1.92 million ounces.","text":"The revised preliminary assessment models a phased 15-year Newfoundland mine; measured and indicated resources rose 38% to 1.92 million ounces.\n\nNew Found Gold announced a revised preliminary economic assessment and updated mineral resource estimate for its 100%-owned Queensway Gold Project in Newfoundland and Labrador on October 22. Using a 5% discount rate for NPV, the base case reports after-tax NPV5 of C$1.728 billion at a gold-price assumption of US$3,600 per ounce; the corresponding model reports a 126% internal rate of return. The separate upside case at US$4,100 per ounce gives after-tax NPV5 of C$2.225 billion and an IRR of 164%.\n\nThe updated estimate raises measured and indicated gold resources by 38%, or 528,000 ounces, to 1.920 million ounces. That category totals 27.325 million tonnes grading 2.19 grams per tonne. Inferred resources remain at 606,000 ounces, comprising 12.471 million tonnes grading 1.51 g/t. The company’s release says the estimate uses a July 6, 2026 effective date and replaces its 2025 estimate.\n\nThe revised mine plan models 1.744 million ounces of gold over 15 years, with a phased combination of open-pit and underground mining. Phase 1 is planned around the company’s Pine Cove mill, with later phases incorporating an on-site Queensway mill. The PEA changes the first-phase processing site from the previously contemplated third-party Nugget Pond mill to New Found’s own Pine Cove facility and includes the Dropkick zone in the mine plan.\n\nThe study uses a phased processing plan: an initial gravity-carbon-in-leach circuit at Pine Cove, followed by construction of the Queensway mill in two stages with separate gravity-CIL and gravity-flotation circuits. The updated plan also advances underground mining from Phase 3 to Phase 2 and increases underground ounces in the mine plan by 86%, according to the company. It estimates initial capital at C$149.8 million and growth capital at C$832.1 million.\n\nNew Found said the project had C$167 million in cash and equivalents at September 30, plus a further C$35 million debt facility available subject to conditions precedent, potential warrant proceeds and cash flow from its Hammerdown operation through 2027. Those items are the company’s stated funding position; the PEA still depends on its cost, price and schedule assumptions. The plan anticipates first mineralized material reaching Pine Cove in the fourth quarter of 2027, subject to permits and development work.\n\nThe mine-plan ounces are categorized as 1% measured, 80% indicated and 19% inferred. Phase 1 production targets are based on approximately 97% measured and indicated resources and 3% inferred resources. The PEA includes inferred resources, which have lower geological confidence.","title":"New Found Gold updates Queensway study with C$1.73 billion after-tax NPV","topics":[],"translations":[{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=tr","language":"tr","url":"https://newsverum.com/tr/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=en","language":"en","url":"https://newsverum.com/en/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=ar","language":"ar","url":"https://newsverum.com/ar/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=fr","language":"fr","url":"https://newsverum.com/fr/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=es","language":"es","url":"https://newsverum.com/es/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=de","language":"de","url":"https://newsverum.com/de/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},{"api_url":"https://newsverum.com/api/v1/articles/new-found-gold-queensway-updated-mre-revised-pea-2026?lang=pt","language":"pt","url":"https://newsverum.com/pt/news/new-found-gold-queensway-updated-mre-revised-pea-2026"}],"url":"https://newsverum.com/en/news/new-found-gold-queensway-updated-mre-revised-pea-2026"},"version":"1"}