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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Post by juliahanmrs04on Feb 19, 2021 9:20am
119 Views
Post# 32607960

Gold Market Insights

Gold Market Insights
Sponsored Post:
 
 
These other companies appear to continue to be a robust and safe-haven asset and it was said that it last traded at approximately $1,825/oz and might possibly be in a solid position to capitalize on this potential rush towards gold.
 
Additionally, Australian gold production seems to have experienced a strong recovery during the June 2020 quarter. Output totaled approximately 85 tons, and appears to be approx 10% on the March quarter. Check my disclaimer on my profile and landing pages
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