New Found Reports Positive Phase 1 Metallurgical Test Results Demonstrating 90% To 96% Gold Extraction At Queensway
Portfolio Pulse from Benzinga Newsdesk
New Found Gold Corp. (NFGC) announced positive results from its Phase 1 metallurgical test at Queensway, showing 90% to 96% gold extraction rates. This development could significantly impact the company's gold production capabilities and investor confidence.
April 03, 2024 | 10:35 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
New Found Gold Corp. (NFGC) reports successful Phase 1 metallurgical tests at Queensway with gold extraction rates between 90% and 96%, indicating potential for increased production and profitability.
The positive metallurgical test results directly impact New Found Gold Corp.'s operational efficiency and profitability. High extraction rates are indicative of lower operational costs and higher potential revenue from gold sales, which can significantly boost investor confidence and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100