Signal Gold

Location: Nova Scotia, Canada
Commodity: Gold
Project Phases: Feasibility Study / Execution Phase

Client Overview

Signal Gold is a Canadian gold developer focused on sustainable mining operations and responsible resource extraction. Leveraging modern technologies and innovative methodologies, Signal Gold aims to enhance operational efficiency and minimize environmental impact. The Goldboro Project in Nova Scotia is one of its flagship ventures, positioned to deliver significant gold production and economic benefits to the region.

Client Needs

The Goldboro Project required expert engineering management and integrated planning to transition from feasibility study to execution. The project faced several key challenges:

• Developing a detailed execution schedule to manage critical path tasks and resources.
• Implementing rigorous risk management practices, including contingency planning and quantitative risk analysis.
• Establishing robust document control and cost control systems to ensure transparency and efficiency throughout the project lifecycle.
• Coordinating technical deliverables and maintaining alignment between feasibility outcomes and execution strategies.

TMG’s Contributions

• Engineering Management Secondment: TMG seconded an Engineering Manager to the project, providing continuous technical oversight and integration of engineering deliverables across feasibility and execution phases.
• Level 3 Execution Schedule Development: Created a comprehensive Level 3 execution schedule detailing tasks, timelines, and resource requirements, enabling accurate tracking of progress and milestone achievement.
• Risk Management Implementation: Conducted extensive risk assessments, established risk reserves and contingencies, and performed quantitative risk analysis (QRA) to identify potential threats and mitigate impacts proactively.
• Document Control System Design and Rollout: Scoped and implemented a standardized document control framework supported by Standard Operating Procedures (SOPs) for efficient document organization, retrieval, and compliance.
• Cost Control Reporting System: Introduced a cost control system with a Book of Record for transparent financial tracking, real-time expenditure monitoring, and improved budget discipline.

Results

TMG’s engineering management and execution readiness support significantly enhanced the Goldboro Project’s ability to transition seamlessly from feasibility to implementation:

• Feasibility Study Completion: Delivered a robust feasibility study confirming economic and technical viability, supporting project financing and execution approvals.
• Schedule and Cost Efficiencies: Achieved cost savings of $121,420 through proposal reviews and optimized award recommendations for engineering consulting services.
• Risk-Reduced Execution: Implemented proactive risk management strategies, minimizing potential delays and improving project resilience.
• Production and Resource Potential: The Goldboro Project is projected to deliver 1.1 million ounces of gold over 11 years, averaging 100,000 ounces annually, reinforcing its long-term value to Signal Gold and the regional economy.

The Goldboro Project demonstrates TMG’s capability to bridge feasibility and execution phases with disciplined engineering management, risk control, and cost efficiency. By establishing robust systems and schedules, TMG positioned Signal Gold for successful project delivery and sustainable production growth.