SUPGF - SUPGF STOCK NEWS

Superior Gold (OTCQX: SUPGF) reported its 2022 production results on January 25, 2023, citing 14,448 ounces of gold produced in Q4 and a full-year total of 62,336 ounces, a 19% decrease from 2021 due to COVID-19 labor shortages. Open-pit mining was suspended in October 2022, shifting focus to the higher-grade underground mine. The company secured a A$10 million financing for gold loans. Overall, cash and cash equivalents stood at $8.1 million at year-end, with expectations to improve production rates to 80,000 tonnes per month in 2023. Challenges remain, but a focus on underground operations aims to enhance performance.

Superior Gold Inc. (OTCQX: SUPGF) has confirmed ongoing discussions with Catalyst Metals Ltd. regarding a potential transaction. While the discussions are in progress, no agreement has been reached, and the terms remain under negotiation. Superior Gold emphasizes that there are no assurances of a successful transaction or its timing. The company is focused on expanding production at its Plutonic Gold Operations in Western Australia and aims to deliver superior returns for shareholders.

Superior Gold Inc. (OTCQX: SUPGF) reported its third-quarter 2022 results, revealing gold production of 15,946 ounces, a 5% increase quarter-over-quarter but an 18% decline year-over-year. Total cash costs rose to $1,789 per ounce sold, a 33% increase from Q3 2021, while all-in sustaining costs reached $1,989 per ounce, exceeding the average realized gold price of $1,722. The company faced challenges due to labor shortages and operational underperformance, leading to a net loss of $4 million. However, cash equivalents stand at $11.6 million, and the company secured A$10 million in debt financing.

Superior Gold Inc. announces the release of its third-quarter 2022 financial and operational results set for November 28, 2022, before market opening. Following the results, a conference call and webcast will occur at 10:00 AM EST. The company, which operates the Plutonic Gold Operations in Western Australia, aims to expand production and enhance shareholder returns.

Access to the conference call can be achieved via toll-free numbers for North America and an international line, with a replay option available for 365 days.

Superior Gold Inc. (OTCQX: SUPGF) has announced a temporary suspension of mining activities at its Plutonic Gold Mine in Western Australia due to operational underperformance. This has led to a revised production guidance for 2022, now estimated at 62,000 to 65,000 ounces, down from 69,000-75,000 ounces. Despite producing 15,946 ounces in Q3 2022, a mere 5% increase from Q2, labor shortages and other challenges have negatively impacted operations. The company also secured a A$10 million debt financing to enhance liquidity for ongoing operations.

Superior Gold announced high-grade drill results from its underground diamond drilling program at the Plutonic Gold mine in Western Australia. Key findings include:

• Drill hole UDD25627 intersected 10.5 g/t gold over 27.3 metres.
• Drill hole UDD25624 intersected 15.6 g/t gold over 4.5 metres.
• Drilling on 17 holes totaled 1,487 metres.

The results expand known mineralization areas, supporting the company's strategy to enhance production and mine life. Mining could commence as early as Q1 2023, utilizing existing infrastructure.

Superior Gold Inc. (SUPGF) reported its Q2 2022 financial results, revealing a 21% drop in production to 15,196 ounces due to heavy rainfall and COVID-19-related absenteeism. The company sold 16,726 ounces of gold at total cash costs of $1,748/ounce, a 24% increase from the previous year. All-in sustaining costs rose by 27% to $1,929/ounce, exceeding the realized gold price of $1,877/ounce. The annual production guidance was reduced to 69,000-75,000 ounces. However, a significant 66% increase in mineral reserves was announced, and cash and equivalents stood at $18.2 million.

Superior Gold Inc. (OTCMKTS: SUPGF) will announce its second-quarter 2022 financial results on August 17, 2022, before market opening. A conference call and webcast will follow at 10:00 AM ET for discussion of these results. Interested parties can join via toll-free numbers or the provided webcast link. The presentation will be accessible on the company's website. Superior Gold is a Canadian gold producer focused on the Plutonic Gold Operations in Western Australia, aiming to enhance production and provide better returns for shareholders.

Superior Gold Inc. (OTCMKTS: SUPGF) released its Q2 2022 production results, reporting a 21% decline in gold production to 15,196 ounces due to heavy rainfall and COVID-19 disruptions. However, sales increased by 6% from Q1 to 16,726 ounces. Cash and cash equivalents stood at $18.2 million. Notably, the company achieved a 66% increase in mineral reserves and a 29% increase in inferred resources. Challenges included lower grades from underground operations and delays in accessing higher-grade ores due to COVID-19 impacts.