RE:Note the grade!rummager wrote: Barrick Gold Corporation (GOLD:NYSE) (ABX:TSX) has replaced its depletion of gold mineral reserves by 150%, before acquisition and equity changes at South Arturo and Porgera. The firm also improved the quality of its group reserve grade by 3% in 2021.
The firm reported at $1,200/oz, attributable proven and probable mineral reserves now stand at 69 million ounces at 1.71g/t, increasing from 68 million ounces at 1.66g/t in 2020.
Average grade for Barrick Gold is only 1.71 g/t so it is a real good indicator just how rich NFG's gold discovery is at Queensway. It's extremely rich. Eventually NFG will be trading much higher. Take advantage of the cheap prices while they last.