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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by AlwaysLong683on May 11, 2022 11:37am
178 Views
Post# 34674142

Q1 2022 Financial Statements

Q1 2022 Financial StatementsAs mega noted, NFG had approximately 100M cash as at Dec. 31, 2021 according to their Q4 2021 financial statements.

Q1 2022 should give us an idea as to how much was spent during the January 1 to March 31 period as NFG did not do an equity raise during this quarter since there was no need for it with the 100M in the bank at the start of the period.

NFG does not seem to issue press releases notifying investors when their quarterly results (Financial Statements and MD&A) have been released, so those interested in this information can periodically check the "Financials" page in the Investors section of NFG's website as the documents appear here when they are available to view.
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