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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > New Found (Green) Gold
View:
Post by JRafflesUK on Dec 26, 2024 10:41am

New Found (Green) Gold

Open Pit @ 30gpt would be far greener & cheaper than < 3gt.

Energy costs of mining processes?

This data-file aims to quantify the typical energy intensities of open-pit mining processes, followed by milling operations to crush, grind and purify ores of interest.

The energy costs expand as ore grades contract, because more effort is expended mining, transporting and processing non-valuable by-products.

Generally, we think a 33% ore grade will likely require 100kWh of mining energy per ton of finished commodity, mostly consumed in the form of electricity, and emitting 50kg of CO2.

Each $100/ton increase in global CO2 abatement costs will therefore increase the cost of mined commodities by an average of around 3%.

https://thundersaidenergy.com/downloads/energy-costs-of-mining-processes/
 


 
Comment by nozzpack on Dec 26, 2024 2:32pm
In the green in the US,.
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