Superior Gold Inc. Announces Third Quarter 2020 Financial and Operating Results

UNDERGROUND STOPE GRADE INCREASED BY 23% RELATIVE TO PRIOR QUARTER

STRONG CASH POSITION SUBSEQUENT TO EQUITY FINANCING IN OCTOBER

(In U.S. Dollars unless otherwise stated)

TORONTO, Nov. 18, 2020 /PRNewswire/ – Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) today announced its financial and operating results for the third quarter ended September 30, 2020. Third Quarter Highlights: Produced 15,699 ounces of gold and sold 15,492 ounces of gold Record realized gold price 1 of $1,756 per ounce sold Total cash costs 1 of $1,471 per ounce sold and all-in sustaining costs 1 ("AISC") of $1,617 per ounce sold, both negatively impacted by strengthening of the Australian dollar – AISC impacted by approximately $130 per ounce relative to the second quarter of 2020 Stope grade increased by 23% relative to the second quarter as the Company focuses on higher margin ounces Development […]

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