Superior Gold is a Toronto Stock Exchange listed Gold producer and owns 100% of the Plutonic Gold operation located in the 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. There is a big gold system with a lot of infrastructure on the ground and 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, the Company is targeting production of between 65,000 to 75,000 ounces and remains focused on establishing the Plutonic Gold operations as a producer capable of delivering at least 100,000 ounces of gold annually.

Superior Gold has just appointed Chris Jordaan as their new CEO starting on 1st July. The company has a clear strategy of underground plus open pit plus potential M&A so needed an experienced person to take on the CEO role going forward.

Superior Gold has made some great progress during the last year. They have invested in their underground mining fleet which is already starting to pay dividends. They have added a 3rd drill rig which is completely dedicated to exploration and have subsequently announced the best exploration results they’ve ever had. 

The company has improved its balance sheet and are now adding free cash to the bottom line. A PEA has been completed on the main pit with a $120M value which wasn’t there for the market to see before. They are in the process of improving the geological model and have had some great progress and have also increased production and reduced costs of the gold operation.

The plan for 2021 is to continue underground exploration in 2 areas at the Western Mining Front and the Baltic Gap using the 3rd drill rig. On the surface there will be drilling across the property on a mineralised area between the main pit and Plutonic East. This year the company has started mining in Plutonic East for the first open pit production in some time. 

In 2022, Superior Gold plans to go south to Hermes South where there is a good development project with low strip and a good grade and which has a number of other satellite pits nearby and there will be plenty of news flow regarding this progress going forward.