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Freegold Ventures Limited T.FVL

Alternate Symbol(s):  FGOVF

Freegold Ventures Limited is an exploration stage company. The Company is engaged in the acquisition, exploration and evaluation of mineral properties. The Company is focused on exploration activities in Alaska on its Golden Summit and Shorty Creek Projects. The Golden Summit Project is a road accessible gold exploration project near Fairbanks, Alaska. The Project consists of several long-term leases, including Keystone Claims, Tolovana Claims, Newsboy Claims, Green Claims, Chatham Claims and Alaska Mental Health Trust Property and claims and lands owned by the Company. The property is comprised of 53 patented claims, 107 unpatented federal claims, and 240 State of Alaska claims that cover a total area of 5,971.6 hectares. The Shorty Creek Project is located 120 kilometers northwest of Fairbanks, Alaska and four kilometers to the south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.


TSX:FVL - Post by User

Post by StonksInvestoron Oct 09, 2020 7:33am
187 Views
Post# 31694501

Kinross Technical Teach-In

Kinross Technical Teach-InI know this isn't FVL related, but it may be of interest to us shareholders. Kinross is hosting their Technical Teach-In which will give their investors a 3-year guidance and talk about "additional opportunities". 

https://www.kinross.com/news-and-investors/events/event-details/2020/Technical-Teach-in/default.aspx

Fort Knox Research

Look at their production in Fort Knox. It's clearly declining and it's only a matter of time before they look at "additional opportunities". I don't want to pump and say they're going to buy us out but I think it is fair to assume that it an option for them should we keep hitting gold, and hopefully high grade gold too.

Fort Knox Production (Gold equivalent ounces):

2016 - 409,844
2017 - 381,115                
2018 - 255,569
2019 - 200,263

Sep 17 2020 Press Release

"Kinross continues to use a $1,200 per ounce gold price assumption for its mine plans, including the 2021 - 2023 production guidance, and for the Company’s proven and probable mineral reserve estimates."

Price of Gold is 1900+.

"
Kinross is studying additional options in its portfolio that leverage its large mineral resource base and have the potential to sustain strong production beyond 2023, which could generate attractive returns without risking significant capital."

https://www.kinross.com/news-and-investors/news-releases/press-release-details/2020/Kinross-declares-dividend-and-provides-guidance-to-2023-with-growing-production/


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