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Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Comment by Lotharon Mar 15, 2024 12:46pm
288 Views
Post# 35935192

RE:RE:Inflation and associated increase in costs to mine gold

RE:RE:Inflation and associated increase in costs to mine goldThe original Atlantic Gold already demonstrated proof of concept for an open pit mine in Nova Scotia. If they could profitably operate Touquoy from 2017-2019 (gold price has outpaced inflation since then) then Goldboro is definitely viable now.  The only reason Touquoy isn't still in production is gross mismanagement by St. Barbara, plain and simple.

It would be nice to see the Artemis team come home and acquire Signal either if Blackwater is bought out or from Blackwater cashflow in a few years.  I wouldn't even be upset if Signal was acquired by Artemis today in an all stock no premium deal.

-L
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