New Found Gold Announces Preliminary Economic Assessment and Updated Mineral Resource Estimate for the Hammerdown Gold Project - Investing News Network

New Found Gold released a Preliminary Economic Assessment (PEA) and an updated resource for the Hammerdown project, which can re-rate the name if capex/opex and assumed gold price imply robust margins and a competitive IRR. For the metals desk, the key read-through is potential future regional gold supply and whether the project economics support financing in a tighter cost-of-capital regime. Watch for sensitivity tables (gold price, grade, recovery, sustaining capex) and the implied all-in sustaining cost (AISC) vs peers. If the updated resource materially increases mine life or improves grade continuity, it strengthens optionality to higher gold prices and can tighten forward-hedging needs.