The Quickest way to become A Gold ProducerWhy delay with the red tape of becoming a producer when you can buy one next door.
Hardly anyone realizes the recent developments for Maritime at Point Rousse .
The upgraded Pine Cove mill with a recovery of 98% will begin recommissioning within a month or so using stockpiled ore.
It's JV aggregates partner,,Shoreline Aggregates ..is having a gravity circuit installled to recover gold fines from its Wash Plant, it will soon begin reclaiming TFS#1 Tailings right next door to the mill which
contains about 20,000 ounces of gold fines,
Firefly also will use the Deep Water Port.
Once the mill is fully commissioned after producing the stockpile , it plans to resume boot strapped production of the Fully permitted high grade HammerDown mine around late Q2 of 2025 .
Over a 5 year period, the currently defined resource will produce 300,000 ounces at AISC of $917 per ounce...generating over $1 biliion CAD in gross revenues and over $600 million in free cash flows
Additional gold resources from Stoger , Orion etc will be included in the updated FS for a 10 year mine life with plenty of advanced projects yet to be drilled.
Dundee is now the controlling shareholder , so things are moving.
Plans are to expand the Pine Cove mill in late 2025 for reasons not yet obvious.
In short, a buyout of Maritime means that NFG can have its cake and eat it too.
FWIW..