Bullboard - Stock Discussion Forum 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... see more

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TSXV:NFG - Post Discussion

New Found Gold Corp > AISC For Another UG Gold mine in Red lake

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Post by nozzpack on Dec 01, 2024 1:54pm

AISC For Another UG Gold mine in Red lake

Evolution mining..

2.7 million ounces of Reserves @ 6.9 grams per ton and 11.6 million ounces of Gold resources

Check its its AISC .....convert to USD by multiplying by 0.70

Roughly $1750 US per ounce.

Compare to GBR AISC with a much lower grade......extremely unreliable as based mostly on Inferred

https://evolutionmining.com.au/storage/2024/10/Fact-sheet-Red-Lake.pdf