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Superior Gold Announces Second Quarter 2018 Financial and Operating Results
Aug. 21, 2018 09:24AM PST
Precious MetalsSuperior Gold (TSXV:SGI) announced today its financial and operating results for the quarter ended June 30, 2018.
Superior Gold (TSXV:SGI) announced today its financial and operating results for the quarter ended June 30, 2018.
As quoted in the press release:
Chris Bradbrook, President and CEO of Superior Gold stated: “We are pleased to provide results for the second quarter of 2018 and to highlight a number of key achievements. We reached record production at the Plutonic Gold operations, since their acquisition in October 2016. Production during the quarter also represented a material increase relative to the first quarter of 2018 as underground mining activities returned to higher grade zones and ramp up of production continued to progress well at the Hermes gold mine. Consequently, costs also decreased significantly relative to the prior quarter, resulting in a strong $5.0 million of cash flow from operating activities. Significantly, monthly production increased and costs decreased through the quarter.”
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