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.

TSXV:NFG - Post by User

New Found Gold Corp > Gold Explorers Must Face the hard facts

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Comment by Dixiedeeon Nov 12, 2024 10:23am

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Post# 36308186

RE:RE:RE:RE:RE:Gold Explorers Must Face the hard facts

I have been investing in gold and gold related stocks for many decades I do have some concerns with TXg about their derivative book on forward sales that they lost 42 million US$ in the 1st 3 Q of this year
I have contacted the company to get the size and details of this profit killing derivative but so far have had no response TxG has had a couple rough days along with most gold related stocks

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