New Found Gold has appointed Mark Ross as its new general mine manager as the company expands its workforce and advances its Hammerdown gold project towards commercial production in the second half of 2026.
Ross will oversee the construction of mining infrastructure for both the Hammerdown and Queensway projects.
The appointment comes as New Found Gold reports that Hammerdown remains on schedule. The company has hired an additional 50 workers since taking over the project, bringing total employment at the site to 264, including 76 employees and 188 contractors. More than 90% of the new employees are from Newfoundland and Labrador.
“Since completing the Hammerdown acquisition, we have put the people and processes in place and continue to operate the necessary infrastructure,” said Keith Boyle, CEO of New Found Gold. Hammerdown expects a run rate of 20,000 to 25,000 ounces of annual gold production at a cost of about $2,500 per ounce, Boyle added. These numbers are consistent with the preliminary economic report issued by the company recently.
Hammerdown has completed 7,000m of the 20,000m drilling, with conversion drilling planned for 2026 ahead of resource upgrade in 2027 and mining in 2028.
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