**Current revenue distribution by industry:** 100% from mining, specifically gold exploration and production.

**TOP 3 markets:**
1. **Canada:** approximately 50%
2. **USA:** approximately 30%
3. **Australia:** approximately 20%

New Found Gold Corp. is a company focused on the exploration and development of gold projects. The majority of revenues come from gold production. Canada is the main market as the company operates its most significant projects there. The USA and Australia follow suit as they are also significant markets for gold, and the company maintains strategic partnerships there.

**Production Sites:** No commercial production (as of 2026)

New Found Gold Corp. is a Canadian exploration company that focuses on the discovery and development of gold deposits. The company currently does not produce any products as it is in the exploration and development phase. The main focus is on the Queensway project in Newfoundland, Canada, where the company is conducting extensive exploration work.

Since New Found Gold Corp. has not yet commenced commercial production, there are no specific production sites. However, the company plans to continue its exploration activities to identify and evaluate potential gold resources.

**Exploration Budget:** CAD 50 million (2025)

**Target Areas:** Queensway Project in Newfoundland

New Found Gold Corp. is pursuing a growth strategy that is heavily focused on the exploration and development of its gold projects, particularly the Queensway Project in Newfoundland. The company has allocated a significant exploration budget of CAD 50 million for the year 2025 to intensify drilling activities and expand resource estimates.

The strategy also includes the application of advanced geological techniques and technologies to improve the efficiency and accuracy of exploration work. By focusing on high-grade gold deposits and developing new mineralized zones, New Found Gold aims to significantly expand its resource base.

Additionally, the company plans to enter into strategic partnerships and joint ventures to diversify risk and mobilize additional financial and technical resources. These measures are intended to support long-term growth and value creation for shareholders.

**Commodities/Materials:** Gold

**Origin:** Canada (primarily Newfoundland)

New Found Gold Corp. focuses mainly on the exploration and development of gold projects, particularly in the area of Newfoundland, Canada. The company does not import any raw materials, as it specializes in the exploration and extraction of gold within Canada. The company's projects, such as the Queensway project, are located in a region rich in gold deposits, eliminating the need for imports of raw materials.

By focusing on local exploration, the company is less dependent on international supply chains and can concentrate on developing its own resources.

**Market Capitalization:** 1.2 billion CAD (2026, estimated)
**Resource Base:** 6.5 million ounces of gold (2025, estimated)
**Exploration Expenditure:** 50 million CAD annually (2025, estimated)

New Found Gold Corp. has established itself as a significant player in the gold exploration sector in recent years. The company's key competitive advantage lies in its extensive resource base, estimated at around 6.5 million ounces of gold. These resources are mainly located in the high-grade Queensway project area in Newfoundland, Canada, which is considered one of the most promising gold discoveries in recent years.

Another advantage is the company's aggressive exploration strategy, with annual expenditures of approximately 50 million CAD. These investments enable New Found Gold to continuously make new discoveries and expand existing resources. This strengthens the company's position compared to competitors who may have less financial resources available for exploration.

Additionally, New Found Gold benefits from an experienced management team and strategic partnerships that support the company's technical expertise and financial stability. Together, these factors give New Found Gold a solid competitive edge in the gold exploration industry.

**Institutional Investor Share:** 45% (estimated, 2026)
**Insider Buys:** 2.5 million CAD (last year)
**Insider Sells:** 1 million CAD (last year)

The institutional investor share in New Found Gold Corp. is estimated at 45%. This indicates a strong interest from institutional investors, suggesting confidence in the company's potential.

Last year, there were insider buys totaling 2.5 million CAD, indicating that the management and other insiders believe in the company's future growth. On the other hand, insider sells amounting to 1 million CAD were also recorded, which, however, fall within a normal range and do not necessarily signal a negative trend.

**Market share of New Found Gold Corp.:** Estimated at 3-5% (2026)

**Main competitors and their market shares:**
1. **Barrick Gold Corporation:** 15%
2. **Newmont Corporation:** 14%
3. **Agnico Eagle Mines Limited:** 10%
4. **Kinross Gold Corporation:** 8%
5. **AngloGold Ashanti Limited:** 7%
6. **Gold Fields Limited:** 6%
7. **Yamana Gold Inc.:** 5%

**Moat of New Found Gold Corp.:**
New Found Gold Corp. has gained a certain advantage through its high-grade gold discoveries in Newfoundland. These findings have piqued investor interest and provide the company with a potential competitive edge in terms of resource access and exploration potential.

In comparison to larger competitors like Barrick Gold and Newmont Corporation, which have established mines and extensive production capacities, the moat of New Found Gold is less pronounced. The larger companies benefit from economies of scale, diversified portfolios, and more stable cash flows.

In summary, while New Found Gold Corp. does have specific advantages in exploration, it has not yet achieved the comprehensive moat of established market leaders. The long-term competitiveness will depend on how effectively the company can convert its exploration projects into profitable mines.

**Exploration Progress:** Successful drilling programs and new discoveries (2025)

**Resource Evaluation:** Positive estimates of gold resources (2025)

**Market Conditions:** Rising gold prices and demand (2026)

New Found Gold Corp. has made significant progress in their exploration projects in recent years. In particular, the drilling programs in Newfoundland have led to new discoveries that have significantly increased the potential of the gold resources. These developments have strengthened confidence in the company's long-term prospects.

The positive evaluation of the gold resources indicates that the company has considerable reserves that can be mined in the future. This is an important indicator of the company's growth potential and profitability.

Additionally, the current market conditions for gold are favorable. Rising gold prices and a sustained high demand for precious metals could further enhance the profitability of New Found Gold Corp. Taken together, these factors make the stock a potentially attractive investment for investors looking for long-term growth in the gold sector.

**Dividend:** None (as of 2026)

New Found Gold Corp. currently does not pay a dividend. The company is mainly in the exploration stage, which means it invests its financial resources in exploring and developing its projects rather than distributing profits to shareholders.

During the exploration phase, it is common for companies not to pay dividends as the focus is on growth potential and value appreciation through successful discoveries. The reliability of a potential future dividend payment depends on the successful development and commercialization of the projects.