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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Post by VillaManyaon Nov 04, 2021 10:41am
116 Views
Post# 34086537

Bumper Q4 coming

Bumper Q4 comingGuidance for the full year is 12,000 ounces against 7,959 in the 1st 9 months. So >4000 oz this quarter.
Average operating costs for the 4th quarter will be just under US$1,100  (US$1828 in the 1st 9 month; US$1760 for the year: do the maths). Gives operating profit of approx US$2.8m if they get just over US$1750/oz. Or C$3.5m.
That makes it probably the most profitable quarter ever at the operating level.
Works for me. Hopefully some others will do the same maths and start buying so I get to feel a bit better/wealthier this side of Xmas.
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