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Bullboard - Stock Discussion Forum Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Metals & Mining Industrial Metals & Minerals
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. > In October the POG was 400 USD lower!
View:
Post by iq4u on May 10, 2023 10:03am

In October the POG was 400 USD lower!

What I mean is when the decission came out to close the mill then the price of Gold was 400 USD lower than now.

So why not starting the production again.

I understood that it was risky because of several things which could happen but now we have 400 USD more each singele ounce of Gold!!!
Comment by longagau2 on May 10, 2023 12:10pm
Starting the mining and milling again takes hiring back a new workforce.  As the people working on pointe rousse before were skilled workers they have now likely moved on to other jobs.  Contract milling for other miners should definitely be something they look into doing if a sale of the pointe rousse assets does not happen soon.  I do agree that, if they can get some sort of long ...more  
Signal Gold Inc.
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