New Found Gold (NFGC) Operating Expenses (2024 - 2026)
New Found Gold's Operating Expenses was $9.89 million in the quarter ended Jun 30, 2026, up 32.1% from $7.49 million a year earlier but down 23.1% from the prior quarter.
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Analysis
New Found Gold (NFGC) Operating Expenses (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, New Found Gold's Operating Expenses was -$4.44 million through Jun 30, 2026; for the year ended Dec 31, 2025, it came in at $4.06 million, down 90.8% from the prior year.
- In earlier years, Operating Expenses was $44.06 million in the year ended Dec 31, 2024 (-72.7%), $161.28 million in the year ended Dec 31, 2023 (+64.6%), $97.96 million in the year ended Dec 31, 2022 (-93.9%) and $1.61 billion in the year ended Dec 31, 2021.
- Quarterly Operating Expenses has moved between -$56.91 million (the quarter ended Dec 31, 2023) and $1.61 billion (the quarter ended Sep 30, 2021) over five years.
- The best year-over-year quarter for Operating Expenses over five years was the quarter ended Mar 31, 2026 (growth of 89.0%); the worst was the quarter ended Mar 31, 2024 (a decline of 98.9%).
- Per Business Quant data, NFGC's Operating Expenses in the three quarters before the quarter ended Jun 30, 2026 was $12.87 million (quarter ended Mar 31, 2026), -$15.36 million (quarter ended Dec 31, 2025) and -$11.85 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 9.38 Bn |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 1.88 Bn |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 3.20 Bn |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 848.62 Mn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 146.67 Mn |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 5.19 Bn |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 177.00 Mn |
| 10 | New Found Gold | 585.38 Mn | 321.31 Mn | 1.39 Mn | 9.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.89 Mn |
| Mar 31, 2026 | 12.87 Mn |
| Dec 31, 2025 | 14.50 Mn |
| Sep 30, 2025 | 12.14 Mn |
| Jun 30, 2025 | 7.49 Mn |
| Mar 31, 2025 | 6.81 Mn |
| Dec 31, 2024 | 12.07 Mn |
| Sep 30, 2024 | 10.82 Mn |
| Jun 30, 2024 | 8.93 Mn |
| Mar 31, 2024 | 16.40 Mn |
API Access
New Found Gold Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NFGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NFGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NFGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();