Mon, May 30, 2022 at 12:00 PM
Eastern Time (US & Canada)
Superior Gold discusses its Q1 results and plans on how to continue targeting production growth for the remainder of the year. The company also talks about the results of the updated mineral reserve and resource and what it means for the Plutonic Mine's future.
Superior Gold Inc. is a Canadian-based gold producer that owns and operates 100% of the Plutonic Gold operations located in the world-class goldfields of Western Australia.
The Plutonic Gold operations include the Plutonic underground gold mine and central mill, numerous open-pit projects including the Plutonic Main Pit push-back project, the Hermes open-pit projects, and an interest in the Bryah Basin joint venture.
The Plutonic mine has been in continuous production since 1990 and, having produced ~6.0 million ounces of gold, is one of Western Australia's largest historic gold producers.
Superior Gold is focused on expanding production at the Plutonic Gold operations and building an intermediate gold producer with superior returns for shareholders.
In 2021, Superior Gold produced 77,321 ounces of gold exceeding annual guidance. For 2022, production guidance ranges from 80,000 ounces to 90,000 ounces with the focus remaining on establishing the Plutonic Gold operations as a producer capable of delivering at least 100,000 ounces of gold annually through optimized operations, improved grade from the underground, and addition of open-pit tonnage.
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Chris JordaanPresident and Chief Executive OfficerMr. Jordaan has 30 years of international processing and mining industry experience. He has extensive management and operations expertise at global senior and mid-tier mining companies. Mr. Jordaan was most recently with Newcrest Mining Ltd., Australia's largest gold miner, as Programme Director for transformation of PNG operations, General Manager of Lihir Gold Mine, one of the world's largest gold mines and Chief Performance Officer. Prior to that, he was the CEO of International Ferro Metals Limited, an LSE listed chrome mining and smelting company. Mr. Jordaan holds a Masters degree in both Mechanical Engineering and Business Administration.
Paul OlmstedCFOMr. Olmsted has been an executive in the gold mining industry for the past 20 years and has been active in the mining industry for over 30 years. Most recently he served as Senior Vice President of Corporate Development at IAMGOLD Corp. From 2003 to 2014 Paul was responsible for IAMGOLD's acquisition and divestiture program to achieve its strategic growth objectives. He was instrumental in the technical evaluation, financial analysis and structuring for the significant corporate transactions undertaken during his tenure. In 1996, Mr. Olmsted joined Repadre Capital Corp., a royalty resource company, and was responsible for corporate development activities until IAMGOLD's acquisition of the company in 2003. From 1991 to 1996, Mr. Olmsted was part of Bank of Nova Scotia’s corporate lending group specializing in mining finance. Mr. Olmsted holds a B.Sc. in Mining Engineering and an MBA.
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