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Bullboard - Stock Discussion Forum 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... see more

TSX:SGNL - Post Discussion

Signal Gold Inc. > Operations in NFLD will be over after Argyle has been mined
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Post by DoumDiDoum on Oct 25, 2022 7:58am

Operations in NFLD will be over after Argyle has been mined

Wow. I wonder if the decision would have been the same if gold would have been within the $2000 zone. I sensed it coming with what Kevin said about Point-Rousse operations during the Crux Interview but did not expect that it would happen that soon. Focus in on Goldboro now. A good decision after what happened in Argyle. I guess that the M&A strategy is over. MAE folks, do you want a nice milling plant in the Baie Verte area?
Comment by NLMoose on Oct 25, 2022 8:29am
Its a stupid decision as Goldboro is not producing any gold at this time compared to its Baie Verte Peninsula residents. Now Signal Gold investors will pay a price for Bullock's poorly thought out decision as they will lose an important source of revenue, which are the Baie Verte Peninsula operations, and Goldboro won't generate any revenue until its open in 2024. Kevin Bullock and ...more  
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