New Found Gold (NFGC) Operating Expenses (2020 - 2026)
New Found Gold (NFGC) posted Operating Expenses of $12.9 million for Q1 2026, up 183.81% sequentially from -$15.4 million in Q4 2025, and up 84.83% YoY from $7.0 million in Q1 2025.
New Found Gold (NFGC) Operating Expenses (2020 - 2026) Analysis & Trends
New Found Gold has reported Operating Expenses for 7 years, with the latest figure at $12.9 million in Q1 2026.
- Quarterly Operating Expenses rose 84.83% year-over-year to $12.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$21.4 million (down 3.15% YoY) and the FY2025 annual result came in at $4.1 million, down 90.77% from the prior year.
- Operating Expenses improved to $12.9 million in Q1 2026 per NFGC's latest filing, from -$15.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $165.2 million in Q4 2023 and troughed at -$15.4 million in Q4 2025.
- A 5-year average of $15.2 million and a median of $1550.4 in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 1332178.79% in 2023, then sank 354631.53% in 2024.
- Over 5 years, Operating Expenses stood at $98.9 million in 2022, then soared by 67.12% to $165.2 million in 2023, then slumped by 107.26% to -$12.0 million in 2024, then dropped by 27.94% to -$15.4 million in 2025, then soared by 183.81% to $12.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $12.9 million, -$15.4 million, and -$11.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.42 Bn | 131.41 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 108.77 Bn | 105.31 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 79.42 Bn | 73.49 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 71.40 Bn | 71.30 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 61.43 Bn | 58.60 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 42.69 Bn | 40.91 Bn | - | - |
| 7 | Pan American Silver | 22.29 Bn | 20.72 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 22.02 Bn | 20.97 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 22.00 Bn | 21.82 Bn | 390.45 Mn | 173.18 Mn |
| 10 | New Found Gold | 592.22 Mn | 449.77 Mn | 1.39 Mn | 9.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.87 Mn |
| Dec 31, 2025 | -15.36 Mn |
| Sep 30, 2025 | -11.71 Mn |
| Jun 30, 2025 | -7.18 Mn |
| Mar 31, 2025 | 6.96 Mn |
| Dec 31, 2024 | -12.00 Mn |
| Sep 30, 2024 | -10.34 Mn |
| Jun 30, 2024 | -5.34 Mn |
| Mar 31, 2024 | 16.40 Mn |
| Dec 31, 2023 | 165.24 Mn |
| Sep 30, 2023 | 20.66 Mn |
| Jun 30, 2023 | 1,506.03 |
| Mar 31, 2023 | 1,496.41 |
| Dec 31, 2022 | 98.87 Mn |
| Sep 30, 2022 | 1,550.36 |
| Jun 30, 2022 | 1,585.94 |
| Mar 31, 2022 | 1,596.32 |
| Dec 31, 2021 | -5.38 Mn |
| Sep 30, 2021 | 1,605.50 |
| Dec 31, 2020 | 9.67 Mn |