en.Wedoany.com Reported - New Found Gold has appointed Mark Ross as its new Mine General Manager, as the company expands its workforce and advances the Hammerdown Gold Project toward commercial production in the second half of 2026.

Ross will oversee the construction of mining infrastructure for both the Hammerdown and Queensway projects.

This appointment comes as the Hammerdown project progresses on schedule. Since acquiring the project, the company has added 50 new workers, bringing the total on-site workforce to 264, including 76 employees and 188 contractors. Over 90% of the new hires are from Newfoundland and Labrador.

New Found Gold CEO Keith Boyle stated that since completing the Hammerdown acquisition, the company has staffed and established processes, and continues to commission necessary infrastructure. Boyle added that Hammerdown is expected to produce between 20,000 and 25,000 ounces of gold annually, at a cost of approximately $2,500 per ounce. These figures align with the company's recently released preliminary economic assessment.

Drilling at Hammerdown has reached a cumulative total of 7,000 meters, out of a planned 20,000 meters. Conversion drilling is scheduled for 2026, followed by a resource update in 2027, and mining in 2028.

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