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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by Retiredgeoon Sep 15, 2023 7:03am
194 Views
Post# 35637662

Gold refining in Canada Part 2

Gold refining in Canada Part 2Gold goes from the mine to the mill to the smelter to the gold refinery.  Mines and mills are usually found together.  There may be a smelter attached but it is not mandatory.  Many mines ship their gold concentrate to be smelted elsewhere.  Many refineries are seperate from the smelters.

It is possible that NFG will build a small mill on site to get themselves started.  The gold concentrate would then be trucked or barged to the smelter.  The gold bars would then be sold to a bullion bank and then to the end buyers who may or may not decide to refine them further.

Don't listen to shorter trolls.
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