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.

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New Found Gold Corp > Royalty Sales to Fund Further Development

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Comment by Dixiedeeon Nov 08, 2024 8:39am

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Post# 36302767

RE:RE:RE:Royalty Sales to Fund Further Development

Rob McEwan wrote an article on Royalties as a way of financing and he states it's a only a last resort
to financing he goes on to explain that it isn't very good way to go and says it hurts the profits and the value of the miner and property maybe someone can try and find it he has also stated these things in interviews over the years

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Advancing flagship Ishkõday Gold Project in Ontario