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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 Tradernickon Mar 21, 2024 12:06pm
742 Views
Post# 35945193

RE:negotiations

RE:negotiationsPlace a net smelter royalty agreement on this , like others in-development do.  Keeping Pointe Rousse was okay, in principal, but there was too much risk for a small production profile, taking away focus, attention and dollars from Goldboro.

It is worth noting that all the assets within Signal Gold are separate legal entities (incorporated subsidiaries).

A new resource estimate will come out (and likely completed in principal as the initial PFS is over 2 years old) and the company will be positioned very well.


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