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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 > Gold pops, nice move. Should be a good day. eom
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Comment by megacopperon Sep 03, 2021 8:42am
156 Views
Post# 33808411

RE:Gold pops, nice move. Should be a good day. eom

RE:Gold pops, nice move. Should be a good day. eom

braindeadoldguy wrote: .

 

Yes great news for gold. Go NFG!!!

 

Gold price surges higher following big miss in U.S. employment 235K jobs created in August

Neils Christensen
 
Neils Christensen  
 

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! 

(Kitco News) - The gold market is pushing significantly higher following a significant miss in U.S. labor market with fewer jobs created in August.

Friday, the Labor Department said that 235,000 jobs were created last month. The data was weaker than expected as consensus forecasts called for jobs gains of 720,000.

Meanwhile the U.S. unemployment rate dropped to 5.2%, down from July’s reading of 5.4%. The unemployment rate fell in line with expectations.

The gold market has broken through critical near-term support levels in initial reaction to the weaker-than-expected employment data. December gold futures last traded at $1,827.10 up nearly 1% on the day.

 

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