Northern Access Route Approval Boosts Coffee Project Logistics, Shares on 260-Day Support
NEM•Government approval of borrow-pit sites for the Northern Access Route secures all-season road access to Newmont’s Coffee project, potentially lowering logistics costs and enhancing project economics. Newmont shares are trading at support near the 260-day moving average, a setup that historically delivered an average one-month gain of 6%.
1. Government Notification
Newmont received formal notification for its land application (#2024-2200) to establish borrow-pit sites along the proposed Northern Access Route. This advance secures a regulatory green light for constructing an all-season road from Dawson City to the Coffee project, marking a pivotal shift from helicopter-only access.
2. Impact on Coffee Project Economics
The all-season road is projected to reduce logistics and exploration costs at Coffee by replacing costly helicopter support with ground transport, improving access to surrounding prospects. This infrastructure development could enhance the project’s cost per ounce and bolster overall feasibility.
3. Trading Technical Setup
Newmont shares are trading within 0.75 times the 260-day moving average’s 20-day ATR after spending over 80% of the past 42 sessions above this trendline. Historically, this pattern has preceded a one-month average gain of 6% in 11 occurrences over the last decade.
