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Nighthawk Gold Corp. T.NHK.W


Primary Symbol: T.NHK

"Nighthawk Gold Corp is a Canadian based junior resource company. It is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The company is focused on Indin lake gold property. Its significant project consists of Colomac gold project which is located within the Indin Lake greenstone belt and is surrounded by company's existing Indin lake gold property in the northwest territories, from Aboriginal Affairs and Northern Development Canada. The company has comp


TSX:NHK - Post by User

Post by tony1969on Aug 10, 2023 6:47am
131 Views
Post# 35581129

Cash on hand post raise....

Cash on hand post raise....Hey guys I asked our IR head this week how much cash we had post raise. He said around C$15M post financing close. Drilling was completed in July so the burn rate will dramatically decline to a very small amount as it will only be G&A expenses for the remainder of 2023. They just finished drilling the 24/27 deposit so we can expect drill results from that zone soon.You can see from the new financias put out yesterday that they spent $6.6m Canadian in Q2 on drilling and exploration alone. The top 3 expenses there being the camp, travel and drilling made up most of that and again are done for the year. Hope this update helps and I thank you Mr. Candelario for always being open to my questions...
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