New Found Gold completed the acquisition of remaining 99.9% stake in Maritime for $292m.

New Found Gold, an advanced-stage exploration company, completed the acquisition of remaining 99.9% stake in Maritime, a gold exploration and development company, for $292m. “We are pleased with the completion of the business combination and are excited for New Found Gold as it grows into Canada’s newest mid-tier gold producer. I would like to recognize the efforts of Maritime’s team who demonstrated determination and creativity to develop the Hammerdown Gold Project, as well as the solid support of our shareholders, local communities and the Province of Newfoundland and Labrador these past few years," Garett Macdonald, Maritime Resources President and CEO.