Short-seller report aims to poke holes in story told by fledgling gold company [Financial Post (Toronto, Ontario, Canada)]
New Found Gold Corp (NFGC)
Company Research
Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Vancouver-based New Found Gold Corp. has been the toast of Canada's exploration sector for reportedly striking bonanza-grade intercepts, but a short-seller report is trying to poke holes in the company's story. The report, released earlier this month by Iceberg Research, raises questions about the deposit's “lack of continuity,” saying the best drill holes may be too narrow and spread too far away from one another to be economically mined. “The deposit, explored since the 1980s, has historically been plagued by a lack of continuity: the presence of gold and grades vary widely across the deposit,” the report said. “Many comparable gold projects have failed due to this problem.” So far, the report appears to have had little impact on investors. New Found Gold's shares are trading for $3.72, which is around where it traded before the report was released. There is little information ab
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News
- NEW FOUND MAKES NEW DISCOVERY AT DEPTH WITH 343 G/T AU OVER 2.15M, 40.6 G/T OVER 2.20M & 9.51 G/T AU OVER 7.45M AT "GOLDEN DOME" ZONEPR Newswire
- NEW FOUND INTERCEPTS 105 G/T AU OVER 2.10M & 10.4 G/T AU OVER 4.45M AT "PISTACHIO" ZONE AT KINGSWAY, HITS 36.7 G/T AU OVER 2M AT JACKPOT [Yahoo! Finance]Yahoo! Finance
- NEW FOUND INTERCEPTS 105 G/T AU OVER 2.10M & 10.4 G/T AU OVER 4.45M AT "PISTACHIO" ZONE AT KINGSWAY, HITS 36.7 G/T AU OVER 2M AT JACKPOTPR Newswire
- Fancamp Announces Airborne EM-MAG-RADIOMETRIC Survey at New Brunswick Acadian Gold Joint Venture with Lode Gold [Financial Post (Toronto, Ontario, Canada)]Financial Post
- NEW FOUND ANNOUNCES ACQUISITION OF REMAINING ROYALTY INTERESTS UNDERLYING KEATS SOUTH AT QUEENSWAYPR Newswire
NFGC
Sec Filings
- 10/31/24 - Form 6-K
- 10/24/24 - Form 6-K
- 10/23/24 - Form 6-K
- NFGC's page on the SEC website