New Found Gold Corp (NYSE: NFGC) is one of the best debt-free penny stocks to buy right now. On January 7, the company’s CEO, Keith Boyle, confirmed its successful transformation into an emerging Canadian gold producer. The transformation from an early-stage exploration company continued in 2025, when the company delivered MR and PEA at Queensway and strengthened its balance sheet.
The Canadian gold miner completed a C$63 million bought-deal financing and a C$20 million private placement, thereby strengthening its financial position. It also completed the acquisition of Maritime Resources, adding highly prospective claims around Queensway, thereby boosting its prospects as an emerging Canadian gold producer.
“As we enter 2026, our focus is clear: ramp up Hammerdown safely and efficiently, advance Queensway through engineering, permitting, and project finance toward a targeted 2027 start-up, and continue disciplined, high-impact exploration across the district – building on our success at targets like Dropkick – to unlock the full camp-scale potential of this emerging Canadian gold camp,” said CEO Boyle.
New Found Gold Corp. (NYSE:NFGC) is a Canadian precious metals company focused on gold exploration, development, and production, primarily in Newfoundland and Labrador, Canada, and is transitioning from an explorer to an emerging producer with assets such as the high-grade Queensway project.
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Disclosure: None. This article is originally published at Insider Monkey.
