Signal Gold Inc.
ANX.TO
Toronto Stock Exchange0.51
CAD
-0.01
- -
Signal Gold Inc.
ANX.TO
(Toronto Stock Exchange)
Recent
price
0.51
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Signal Gold Inc. (TSX: SGNL) operates as a gold exploration, development and production company focused on projects in Atlantic Canada; its core assets include the producing Point Rousse Project on the Baie Verte Peninsula in Newfoundland, featuring the Pine Cove open pit mine, a fully-permitted mill and tailings facility, and the adjacent Stog’er Tight and Argyle deposits; the advanced Goldboro Gold Project in Nova Scotia, with a feasibility study outlining an 11-year mine life producing approximately 100,000 ounces of gold annually from open pit and underground operations using a 4,000 tonnes per day gravity-leach processing plant; the Tilt Cove gold-copper project in Newfoundland's Baie Verte Mining District spanning 19,450 hectares; and exploration properties such as Viking, Great Northern and additional gold-bearing lands totaling over 28,500 hectares in the Goldboro Gold District. The company, founded in 1994 and headquartered in Toronto, Ontario, at 20 Adelaide Street East, controls measured and indicated resources exceeding 600,000 ounces of gold, predominantly at high grades above 5 grams per tonne, and inferred resources over 400,000 ounces, primarily above 4 grams per tonne, targeting regional production growth through its existing mill, tailings and port infrastructure while serving institutional and retail investors globally. In December 2024, Signal Gold completed a business combination through a court-approved plan of arrangement, becoming a wholly-owned subsidiary of NexGold Mining Corp. following the acquisition of all its issued shares; this merger followed an upsized concurrent financing raising C$18.5 million in November 2024 and a definitive agreement announced in October 2024, creating a combined entity with over 4.7 million ounces of measured and indicated gold resources across the Goldboro and NexGold's Goliath projects, alongside debt restructuring including repayment of facilities totaling approximately US$27 million and a new US$12 million facility with Nebari at 11.4% interest secured against both projects.