Bullboard - Stock Discussion Forum Harte Gold Corp. HRTFF

Metals & Mining Gold

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior... see more

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Harte Gold Corp. > Arhoo70

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Post by Homestone on Mar 08, 2022 5:15pm

Arhoo70

Maybe you are talking about a different mine.More profitable??.What a joke.Harte Gold never made a profit lol.It's going to take a huge influx of cash before this mine ever sees a profit.The all in sustaining costs were always higher than the price of gold and the only way those costs will go down is economies of scale which is years away.The plan to go to 1200 tpd and 100,000 oz per year were estimated at 28 million if I recall correctly.I would imagine as time goes by the price tag will go up.Add in the many millions for new equipment etc,etc.Profit is elusive in the gold mining sector and this mine needs a lot of work to reach that goal.

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