NFGC - Earnings announcements

(All amounts expressed in Canadian dollars unless stated otherwise) VANCOUVER, BC, Sept. 5, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV:NFG) (NYSE-A: NFGC) ("New Found Gold") and Maritime Resources Corp. (TSXV:MAE) ("Maritime" and collectively with New Found Gold, the "Companies") are pleased to announce that the Companies have entered into a definitive agreement (the "Arrangement Agreement"), pursuant to which New Found Gold has agreed to acquire all of the issued and outstanding common shares of Maritime that it does not already own (the "Transaction") by way of a plan of arrangement (the "Arrangement"). New Found Gold and Maritime will host a joint conference call and webcast to discus

Solid low-cost production profile from year one via a phased mine plan:Phase 1: Low Initial capital cost of $155 million, builds average annual gold production of 69.3koz oz Au1 at an AISC2 of US$1,282/oz Au in Years 1 to 4 planned to fund Phase 2.Phase 2: Growth capital of $442 million, builds average annual gold production of 172.2koz Au at an AISC of US$1,090/oz Au in Years 5 to 9 paid back in less than one year.Early revenue potential: Initial gold production targeted for 2027 pending regulatory approval.Significant leverage to gold price: After-tax NPV5%3 increases to $1.45 billion from $743 million and IRR4 increases to 197% from 56.3% when gold price raised to US$3,300/oz Au from base