TORONTO, Feb. 13, 2023 /CNW/ – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSXV: SGI) (OTCQX: SUPGF) announces an update on key operating metrics for January 2023 as the Company refocuses on the leading underground performance indicators to demonstrate improved operational performance for the Company’s 100%-owned Plutonic Gold operations, located in Western Australia.      

January Highlights:

  • Production increased to 5,942 ounces of gold, 17% above December 2022 and a 47% increase in underground gold production relative to the Q4 2022 average.
  • Underground Unit Cost per tonne decreased 12% to $70/tonne from the Q4 2022 average of $79/tonne
  • Preliminary cash cost per ounce of $1,618/oz, representing a decrease of more than 19% on Q4 cash costs per ounce
  • Focusing on leading underground key performance indicators improved January operating results:
  • Total underground ore tonnes mined increased to 87,959, 25% above Q4 2022 average
  • Development rates increased to 675 metres, 3% above Q4 2022 average, as the Company targets up to 750 metres per month later in 2023
  • Production drilling rates decreased to 13,557 metres,12% below Q4 2022 average, due to rig availability, although this has since been rectified as the Company targets up to 20,000 metres per month later in 2023
  • Stope grade increased to 2.54 g/t gold, as the Company continues to improve development rates to enable targeting 3.0 g/t later in 2023
  • Mill recovery increased to 88%, 2% above Q4 2022 average, as a result of processing higher-grade material
  • Chris Jordaan, President and CEO of Superior Gold stated:

    Read More

    However Executing Small business in Russia? Superior Luck Renewing Your Insurance policies

    The Port of Vladivostok, Russia, March 5.


    Yuri Smityuk/TASS/Zuma Press

    Additional than 750 Western corporations have still left Russia since it invaded Ukraine. Some experienced no preference mainly because their sectors drop underneath Western sanctions. Many others have left voluntarily and been hailed for standing for democracy. Their departure might have an additional, considerably less lofty cause: Russia is starting to be uninsurable.

    Insurance policies is important for globalization: It picks up the danger of functioning in unstable environments, permitting organizations to do small business in a wider wide variety of spots. Selected kinds of insurance—such as cargo and liability—are mandatory for companies based in the West. Other varieties of insurance are voluntary but important to functioning in a lot less-steady nations. Political-chance insurance plan safeguards policyholders from sundry dangers ranging from expropriation of property to civil unrest. These security has enabled numerous Western corporations to established by themselves up in Russia and carry on to function there even as

    Vladimir Putin’s

    regime turned extra capricious. Without the need of coverage, it is likely that some Western organizations would have still left the region right after Russian authorities’ 2011 raid of BP’s place of work in Moscow.

    Now, nevertheless, insurance coverage defense is receding. “The political-possibility insurance coverage sector has in essence shut for Russia, and for Belarus and Ukraine,”

    Laura Burns,

    a political-possibility pro at the insurance broker

    Willis Towers Watson,

    says. “Because of the sanctions, there’s properly no new financial investment in Russia anyway. But if a organization did want to insure their current financial investment, it would not be ready to get political-threat coverage at the second.” This is hardly stunning. Political-possibility insurers defend organizations from a battery of calamities such as economic turmoil and authorities interference. The way Russia is now, it would simply

    Read More

    Netflix Could However Be a Superior Investment, Inspite of Lackluster Quantities

    When Netflix ( NFLX -1.72% ) produced its fourth-quarter earnings results, investors had been dissatisfied to see slowing subscription expansion figures. The stock marketed off adhering to the benefits, but with its price tag-to-revenue ratio at historic lows, could Netflix nevertheless be a great expense? 

    In this video clip clip from “The Virtual Possibilities Show,” recorded on Feb. 15, Motley Fool contributor Jose Najarro runs via the company’s fourth-quarter quantities, and gives his viewpoint on how traders should solution the streaming large.


    Jose Najarro: The firm I’m really going to talk about now is Netflix. Permit me see if I can share my display true brief. Give me one particular rapid 2nd. In this article we go. Share. Netflix, I’m just heading to choose a fast glimpse at some updates from their past earnings. Final earnings, their quarter-four income, they had about $7.7 billion in revenue. That was up 16% calendar year over 12 months, and they did have sturdy development. Sub expansion, they grew about 8.28 million subscribers previous quarter. That was a 8.9% yr-about-calendar year expansion, just one of their least expensive progress when compared to earlier. 1 of the items affecting Netflix appropriate now is this could no extended be the advancement story it utilized to be, won’t always necessarily mean it is really a negative point. It truly is just ordinarily when you see valuations it’s possible decrease a little bit because it can be not growing at those people concentrations that numerous growth traders want. In their previous earnings, they described about 221 million subscribers. I think Demitri just gave some updated numbers there, but they did pass up expectations of about 8.5 million. This was even although previous quarter, it was a huge popularity of the demonstrate called Squid Sport, so numerous

    Read More