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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sabina Gold and Silver Corp | TSX:SBB | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.16 | 2.15 | 2.16 | 0 | 01:00:00 |
“Sabina was able to advance the Back River Project on several fronts, despite slowdowns caused by COVID-19, pandemic,” said Bruce McLeod, the Company’s President & CEO. “The Company had mobilized Goose camp for the beginning of a drill campaign to test the potential of a high-grade corridor extending up plunge from the Vault zone to the bottom of the proposed pit at Umwelt. We were looking forward to testing this hypothesis but, out of concern for the safety of our team and our Inuit stakeholders, we elected to defer this program until later in the year. I am pleased to report that camp was demobilized efficiently with everyone returning to their home communities safely. At the same time, a work from home protocol was established which has been implemented smoothly. The team continues to advance desktop initiatives for Project optimization, and we look forward to getting back into camp to complete this year’s work program when it is safe to do so.”
Q1 2020 Highlights:
For the full March 31, 2020 interim financial statements and Management’s Discussion and Analysis, please see the Company website at www.sabinagoldsilver.com or on SEDAR.
SABINA GOLD & SILVER CORP
Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in one of the world’s newest, politically stable mining jurisdictions: Nunavut, Canada.
Sabina released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years (see “Technical Report for the Initial Project Feasibility Study on the Back River Gold Property, Nunavut, Canada” dated October 28, 2015).
The Project received its final Project Certificate on December 19, 2017. The Project received its Type A Water License on November 14, 2018 and is now in receipt of all major authorizations for construction and operations.
In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.
All news releases and further information can be found on the Company’s website at www.sabinagoldsilver.com or on SEDAR at www.sedar.com. All technical reports have been filed on www.sedar.com
For further information please contact:Nicole Hoeller, Vice-President, Communications: 1 888 648-4218 nhoeller@sabinagoldsilver.com
Bruce McLeod, President & CEO1800-555 Burrard Street, Two Bentall CentreVancouver, BC V7X 1M9 Tel 604 998-4175 Fax 604 998-1051 http://www.sabinagoldsilver.com
1 Year Sabina Gold and Silver Chart |
1 Month Sabina Gold and Silver Chart |
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