New Found Gold Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was CAD 24.29 million compared to net income of CAD 3.74 million a year ago. Basic loss per share from continuing operations was CAD 0.15 compared to basic earnings per share from continuing operations of CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.15 compared to diluted earnings per share from continuing operations of CAD 0.02 a year ago.
For the six months, net loss was CAD 46.7 million compared to CAD 1.65 million a year ago. Basic loss per share from continuing operations was CAD 0.28 compared to CAD 0.01 a year ago. Diluted loss per share from continuing operations was CAD 0.28 compared to CAD 0.01 a year ago.