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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Post by nozzpackon Nov 10, 2024 9:20am
166 Views
Post# 36305184

Trucking Costs of QWN ore to Pine Cove Mill

Trucking Costs of QWN ore to Pine Cove Mill

The 2022 FS of the HD mine....150 km from mill.. estimated trucking costs at $25.5 per ton milled.

QWN is about 50 % longer and fuel costs are now no different than late 2022, so it would cost about $45 CAD per ton trucked and milled at Pine Cove.

Lets say 100,000 tons of economic grade at 15 grams per ton and 98% recovery ( Pine Cove has gravity circuit and CIL ).

Trucking costs would be about $4,5 million cad

Gross revenue is 45,000 ounces times $3700 CAD per ounce which is about $150 million cad.

So, $4,5 million trucked and milled .

Thats if NFG owned the Pine Cove mill.

Maritime would apply an additional tolling fee for milling NFG ore.......so trucking costs alone would be less than $4.5 million per 100,000 tons trucked to Pine Cove

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