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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Gold refining in Canada Part 2
View:
Post by Retiredgeo on Sep 15, 2023 7:03am

Gold refining in Canada Part 2

Gold 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.
Comment by nozzpack on Sep 15, 2023 10:31am
I would assume that over the longer term, they would build a floatation plant- Biox plant complex that would convert the sulphide concentrate into oxides and milled in CIL mill..
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