Superior delivers loss despite production beat

CANADA-based Superior Gold, which operates the Plutonic mine in Western Australia, managed to produce a better than expected 16,351 ounces for the March quarter, but despite a gold price of US$1570 per ounce, the company delivered a loss of $1.1 million.

Superior delivers loss despite production beat Superior delivers loss despite production beat Superior delivers loss despite production beat Superior delivers loss despite production beat Superior delivers loss despite production beat

Plutonic.

Revenue was $26.5 million, but its cashflow from operations was negative $900,000 after sales of 16,850/oz.

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