Superior Gold: White Knight Or Circling Vulture?

Feb. 03, 2023 10:44 AM ETSuperior Gold Inc. (SGI:CA), SUPGFABX:CA, GOLD6 Comments


  • Superior Gold is facing a difficult year. Operations at the Plutonic mine are not going well, and the balance sheet spells trouble.
  • Litigation over access to open pit ore has not helped the company's business case.
  • There is a Catalyst that might just offer an exit for shareholders.
  • Looking for a helping hand in the market? Members of Itinerant Musings get exclusive ideas and guidance to navigate any climate. Learn More »

Knight in forest

Grape_vein/iStock via Getty Images

There were plenty of pundits seeing a buying opportunity when the Western Australian local behemoth Northern Star Resources (OTCPK:NESRF) sold its Plutonic gold mine to a Canadian junior by the name of Superior Gold (

Data by YCharts

Predictions, predictions, prediction

Long-term guidance (October 23, 2019, news release)

A chart with sqiggly lines and bars.

Annual guidance and actual production. (Company filings and author's data base)

Data by YCharts

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This article was written by

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Engineer by trade and passion. Have worked internationally for over three decades, running my own business. I hold a PhD in engineering, but honestly believe that the school of hard knocks has taught me lessons that are more applicable to my writing here on Seeking Alpha. My investing interests mostly concern the resource sector, with a focus on precious metals, base metals and energy stocks of all sizes. My research explicitly includes small- and micro-cap juniors, and I try to manage the associated risks in a methodical manner.

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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