TSXV:NFGMetals and Mining
New Found Gold (TSXV:NFG) Is Up 8.8% After Low‑Capex Hub‑and‑Spoke PEA - Has The Bull Case Changed?
New Found Gold Corp. recently announced a positive Preliminary Economic Assessment and updated mineral resource estimate for its 100% owned Hammerdown Gold Project in Newfoundland and Labrador, outlining a 13‑year mine plan centred on the Pine Cove mill and incorporating the Hammerdown, Orion and Stog'er Tight deposits.
The study highlights a hub‑and‑spoke model with relatively low estimated total capital costs of $24.3 M, aiming to leverage multiple deposits and existing processing...