New Found Gold (TSXV: NFG; NYSE-A: NFGC) is suspending all activities at its main Queensway project that use heavy machinery or take place near wooded areas amid wildfire risks in northeast Newfoundland.
The temporary pause applies to drilling, mulching and excavating activities, New Found said in a release on Wednesday afternoon. Queensway is just west of Gander, about 340 km northwest of the capital St. Johns.
“The Fire Weather index across the island of Newfoundland is classified as Extreme or Very High, with several major fires burning,” New Found CEO Keith Boyle said. “At this time, our thoughts are with our employees and contractors, our local communities, and the people of Newfoundland and Labrador.”
The suspension comes as wildfires over the past week have worsened in the eastern parts of…
