New Found Gold targets Hammerdown commercial gold production in H2 2026

• New Found Gold reported progress toward commercial production at the Hammerdown Gold Project in H2/26.
• Targets steady-state output of 20,000-25,000 ounces per year at an all-in sustaining cost of about USD 2,500 per ounce.
• Ore deliveries to the Pine Cove mill reached the PEA design rate of 700 tonnes per day, with head grades improving toward plan.
• Mill ramp-up achieved 87% recovery in mid-Q2/26; recovery expected to rise to about 92% following conversion to a gravity-CIL circuit.
• Construction of permanent crushing and sorting plants remains scheduled for completion in Q4/26.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Found Gold Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202606110658NEWSFILECNPR____20260611_300981_1) on June 11, 2026, and is solely responsible for the information contained therein.