New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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) 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp

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Post by megacopperon Jun 29, 2021 9:06pm

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Post# 33471036

Worst June since 2013 for Gold

Well considering that June has been a horrible month for gold this year I think NFG is holding up remarkably well. The strong consumer confidence in the US hurt gold so we will see what the job numbers will bring us on Friday. I know this won't mean much for NFG down the road a ways who won't be mining for a long time yet but it does have an affect on the short term share price. A lot of swing traders in the gold sector and right at this moment those investors have fled the sector. They will be back soon enough because I think the overall longer term trend for gold is still intact.

https://www.kitco.com/news/2021-06-29/Gold-is-looking-at-worst-June-since-2013-as-prices-plunge-on-stronger-dollar.html

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