Harte Gold Corp. HRTFF

Metals & Mining Gold

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior. It includes approximately 4 mining leases and 336 unpatented mining claims. In addition, it also consists of approximately 29,435 hectares within the Sault Ste. The Stoughton Abitibi property is located approximately 110 kilometers east of Timmins and 50 kilometers northeast of Kirkland Lake.

EXPM:HRTFF - Post by User

Harte Gold Corp. > Silver lake

<< Previous

Bullboard Posts

Next >>

Comment by Homestoneon Mar 14, 2022 9:33pm

164 Views

Post# 34513718

RE:Silver lake

If your profit margin is 200 which in Harte's case it is not and the price of gold drops 200 then you are basically spinning your wheels.Harte is not at the profit making stage yet.They are still at the burn money stage.Lots of money needed yet on this mine to reach it's potential.I would think fuel costs would be quite significant for Harte considering they shuttle employees 80 km round trip every day of the week.Then there is all the diesel machinery at the mine site.All the Haul trucks ,backhoes,loaders you name it all run on diesel.That has to add up to a huge bill every month.There are reasons why no other company was interested in Harte Gold.If it was such a great mine companies would have been clamboring over each other to get it .There was no clamboring.

<< Previous

Bullboard Posts

Next >>

FLYHT and WestJet partner on weather forecasting