Superior Gold Inc.
SGI.V
Toronto Stock Exchange Ventures0.20
CAD
+0.01
- -
Superior Gold Inc.
SGI.V
(Toronto Stock Exchange Ventures)
Recent
price
0.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Superior Gold Inc. (TSX-V: SGI) is a Canada-based gold producer focused on the acquisition, exploration, development and operation of gold resource properties in Western Australia. The company owns and operates 100% of the Plutonic Gold Operations, which include the producing Plutonic underground gold mine with two central processing mills, the Plutonic Main Pit push-back project, the Hermes open pit projects covering approximately 217 square kilometers southwest of the Plutonic mine, and an interest in the Bryah Basin joint venture; it also sells silver as a byproduct. Superior Gold targets intermediate-scale production, with historical annual output around 80,000 to 90,000 ounces of gold from optimized underground mining, open-pit tonnage additions and exploration drilling to support goals of 100,000 ounces annually. Founded in 2016 and headquartered at 70 University Avenue, Suite 1410, Toronto, Ontario, the company operates primarily in the Plutonic Gold Belt. In June 2023, Superior Gold completed its acquisition by Australia's Catalyst Metals Limited through a plan of arrangement valued at approximately CAD 55 million, under which Superior Gold now operates as a subsidiary of Catalyst; Catalyst has since integrated the Plutonic operations into its broader growth strategy, achieving stable quarterly gold production of around 28,000 ounces, generating positive cash flow, mobilizing eight exploration drill rigs for 180,000 meters of drilling across the Plutonic Gold Belt, and advancing plans to double production by bringing three additional mines online at a planned cost of A$31 million.