NFGC (New Found Gold) Construction In Progress: $13.43 Mil (As of Mar. 2026)


NFGC New Found Gold Corp NFGC
29 GF Score
Price $1.47
! 3 Warning Signs
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What is New Found Gold Construction In Progress?

New Found Gold NFGC -4.55% 29 Construction In Progress is $13.43 Mil as of Mar. 2026. GuruFocus rates NFGC with a GF Score™ of 29/100. The stock has 3 warning signs investors should review.

New Found Gold's quarterly construction in progress increased from Sep. 2025 ($0.00 Mil) to Dec. 2025 ($10.74 Mil) and increased from Dec. 2025 ($10.74 Mil) to Mar. 2026 ($13.43 Mil).

New Found Gold's annual construction in progress stayed the same from Dec. 2023 ($0.00 Mil) to Dec. 2024 ($0.00 Mil) but then increased from Dec. 2024 ($0.00 Mil) to Dec. 2025 ($10.74 Mil).

New Found Gold Construction In Progress Historical Data

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The historical data trend for New Found Gold's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

New Found Gold Construction In Progress Chart

New Found Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 10.74

New Found Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 10.74 13.43
NFGC
29GF Score
New Found Gold Corp NFGC
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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New Found Gold Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $13.43 Mil mean?
New Found Gold (NFGC) has a Construction In Progress of $13.43 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on New Found Gold and its competitors.
Is New Found Gold's Construction In Progress too high?
New Found Gold's current Construction In Progress is $13.43 Mil. Overall, New Found Gold has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does New Found Gold's Construction In Progress compare to NEM and AU?
New Found Gold's Construction In Progress of $13.43 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on New Found Gold and its competitors. New Found Gold's current Construction In Progress is $13.43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Found Gold stock overvalued right now?
New Found Gold (NFGC) has a current Construction In Progress of $13.43 Mil. The current Construction In Progress is $13.43 Mil. New Found Gold's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For New Found Gold (NFGC), the current Construction In Progress is $13.43 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Found Gold Business Description

Other Exchanges 5QG:GermanyNFG:Canada
Address 1133 Melville Street, Suite 3500, Vancouver, BC, CAN, V6E 4E5
New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Companies exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).
29GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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