New Found Gold Corp V.NFG

costs going up

[likeike]

Argonaut Gold (TSX:AR) has confirmed the estimated cost of completion of the Magino project and a funding package to finance the project’s construction. The company recently completed a detailed review of the estimated cost to completion (EAC) of its Magino project and now estimates the EAC to be approximately C$920 million. This is an increase of C$120 million from the December 14, 2021, EAC of C$800 million.

As of May 31, 2022, Argonaut Gold had committed approximately C$659 million and had incurred approximately C$473 million. It estimates the project is approximately 50 per cent complete and that the project remains on schedule for first gold pour by the end of March 2023.

[braindeadoldguy]

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[likeike]

Bdog my full of compliments friend I see you have not listened to Crescat from yesterday. QH mentions wage inflation of up to 40% and especially in Austrialia where experienced help is poached into the iron ore mining which is still on a role. Speaking of poaching do you know how to operate a backhoe or lean on a shovel? IKE

[braindeadoldguy]

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