New Found Gold

The Company is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada.

Launch date

Jan 2015

Employees

11-50 people

Market cap

Enterprise valuation

CAD708m (Public information from Sep 2024)

Toronto Ontario (HQ)

https://www.newfoundgold.ca/

https://twitter.com/newfoundgold https://www.linkedin.com/company/newfound-gold-corp

Revenues, earnings & profits over time

CAD	2020	2021	2022	2023	2024	2025	2026
Revenues	-	-	-	-	3.0m	-	-
EBITDA	(36.4m)	(49.3m)	(69.4m)	(78.2m)	(29.7m)	(8.1m)	(8.1m)
% EBITDA margin	-	-	-	-	(989 %)	-	-
Profit	(32.5m)	(50.6m)	(90.0m)	(79.9m)	(64.2m)	(66.0m)	(78.0m)
% profit margin	-	-	-	-	(2140 %)	-	-
EV / revenue	-	-	-	-	237.5x	-	-
EV / EBITDA	-14.2x	-29.9x	-13.8x	-10.5x	-24.0x	-88.0x	-88.0x
R&D budget	-	-	1.2m	1.3m	-	-	-

Date	Investors	Amount	Round
Dec 2017	Altius Minerals ThreeD Capital McEwen Mining Palisade Global Investments	N/A	Early VC
Mar 2020	Novo Resources	N/A	Early VC
Aug 2020	N/A	N/A	IPO
Mar 2021	N/A	CAD15.0m	Post IPO Equity
Nov 2021*	Eric Sprott	CAD48.0m	Private Placement VC
Apr 2022*	Novo Resources	CAD126m	Post IPO Equity
Dec 2022*	BMO Capital Partners	CAD50.0m	Post IPO Equity
Oct 2023*	BMO Capital Markets	CAD56.0m	Post IPO Equity
Total Funding		CAD48.0m

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Labrador Gold

exited

New Found Gold

Financials

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