Signal Gold

Signal Gold (formerly Anaconda Mining) is a TSX and OTCQX-listed mining Company, focused in the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The Company’s focus is advancing the Goldboro Gold Project, a high-grade, advanced development project.

The Company also operates the Point Rousse operation, located in the Baie Verte Mining District of Newfoundland, which includes the permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~15,000 hectares of highly prospective mineral property, including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project.

The main goal of the Company is to become a 150,000 ounce per year gold producer within the next 5 years

Signal Gold offers investors an opportunity to get a mine development re-rating and discovery upside, which is anchored by production and cash flow.

The company has multiple near-term growth catalysts. Recently, the Environmental Assessment Approval was granted on August 2nd, 2022, which is a significant milestone in the regulatory approval process. There is significant exploration potential to the west of the current Goldboro deposit where the Company recently completed a geophysical survey to further define targets for growth. Further exploration programs to the west of the project will begin in the third or fourth quarter of 2022.

There are numerous development milestones on course which will help the company achieve an annual production of ~ +100,000 ounces of gold and the team has the experience in financing, developing and operating to move the project forward. The current valuation presents an optimal entry point for investors, with a strong valuation upside

Production and cash flow

There has been over a decade of profitable mining operations at the Point Rousse operation in Newfoundland. After a challenging first half of 2022, Point Rousse produced 5,433 ounces of gold during the second quarter, of which 44% was produced during the month of June. Since experiencing a water management issue at the beginning of the quarter which impacted mine production in March and April, Point Rousse has been able to ramp up production to 74,381 tonnes of ore, including 40,074 tonnes in June, while also achieving a positive reconciliation with the mine plan. The Company expects to generate robust cash flows from Point Rousse which positions them well to execute the growth plan in 2022, despite a challenging market for junior mining companies. Signal Gold has a highly regarded and disciplined team and a track record of running safe, profitable operations, acquiring, financing, developing and operating mining projects globally.