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Superior Gold Inc.

10:36 AM EST - Superior Gold Inc. : Announced its five-year guidance for the Company's 100%-owned Plutonic underground gold mine, located in Western Australia, together with the third quarter production results for the Plutonic Gold Operations. Superior Gold remains focused on establishing the Plutonic Gold Operations as a producer capable of delivering at least 100,000 ounces of gold annually. This five-year guidance provides the platform to deliver on this goal. Annual underground gold production of 70,000 – 85,000 ounces. All-in Sustaining Cash Cost averaging less than $1,100/oz over the five year plan which demonstrates robust margins in excess of $375/oz at current gold prices. Dollar amounts in U.S. Superior Gold Inc.
shares V.SGI are trading down $0.12 at $0.56.