Sabina Gold & Silver Corp.
Sabina Gold & Silver Corp. is a Canadian emerging gold producer trading on the TSX (SBB.T). Sabina's properties are located in Canada, one of the world's safest mining jurisdictions.
Sabina's primary assets, located in Nunavut, consist of: the Back River Gold Project, currently in the feasibility and permitting phase and the Hackett River Silver Royalty, a silver production royalty comprised of 22.5% of the first 190 million ounces produced and 12.5% of all the silver produced thereafter. The Hackett River project is currently owned by Glencore.
The Company's focus is on the gold assets at Back River. It is a large advanced multi-million ounce undeveloped high grade gold deposit with compelling economics and optionality to start small. Basic engineering is completed, and the project is moving into detailed engineering.
The Back River Project is 100% owned by Sabina. It has 80km of prospective banded iron formation stratigraphy. Its resources are hosted 70% at Goose and 30% at George. It has excellent exploration potential. In fact, Back River is a district.
In December 2017, the Nunavut Impact Review Board (NIRB) has issued the final project certificate for the Back River project – environmental assessment process completed.
The Company is well funded with ~$40 million in cash and equivalents.
BACK RIVER GOLD PROJECT
Sabina's 100%-owned Back River Gold Project, a series of gold deposits, is located in southwestern Nunavut, Canada. Back River is an 80km long district, with highly prospective opportunities for new discoveries and for expansion from existing deposits.
Current Mine Life: ~12 years
The Feasibility Study on the Back River Gold Project 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. At a US$1,150 gold price and a 0.80 (US$:C$) exchange rate, the Study delivers a potential after tax internal rate of return of approximately 24.2% with an initial CAPEX of $415 million.
Corporate Update – Focused on Maintaining Q1 2021 Gold Production
Significant Potential at Both Llama and Umwelt Underground
Significant Potential at Umwelt Underground Vault Zone
Vault Zone Offers Significant Opportunity to Impact Project Economics
Llama 2017 Drilling Identifies Mineralization 300 Metres Below Resource
Key Investment Highlights
Management and Directors
Bruce McLeod, President and Chief Executive Officer, Director
Mr. McLeod is a Mining Engineer with over 30 years of experience in all areas of the mining industry. Most recently he was the President & CEO of Mercator Minerals Ltd. Mr. McLeod was the co-recipient of AMEBC's EA Scholz Award for excellence in mine development in 2009.
Elaine Bennett, Vice President of Finance and Chief Financial Officer
Ms. Bennett has over 30 years of experience in the mining industry. She was Chief Financial Officer of Miramar and also served as a director on the boards of Avala Resources Ltd., Bear Lake Gold Ltd., and Dunav Resources.
Nicole Hoeller, Vice President of Communications and Corporate Secretary
Prior to January 2008, Ms. Hoeller was Director, IR for Miramar. Along with her over 18 years of experience in investor relations and communications in the industry, Ms. Hoeller has also spent extensive time traveling in the Arctic, liaising and consulting with communities, Inuit organizations and all levels of government about the benefits and impacts of mining in Canada's North.
Angus Campbell, Vice President of Exploration
Mr. Campbell has a strong and varied background in global mineral exploration. He was Exploration Manager for Chile with BHP Billiton. Mr. Campbell was a member of the Spence deposit discovery team, honoured by winning the PDAC Bill Denis Award in 1998.
Matthew Pickard, Vice President of Environment & Sustainability
Mr. Pickard is a Professional Geoscientist with significant experience in sustainability and mine development within the Canadian mining industry. He has spent time with Falconbridge, De Beers Canada and Baffinland Iron Mines. He recently has been focused on Nunavut.
Walter Segsworth, Chairman
David Fennell, Director
Jonathan Goodman, Director
James Morton, Director
Anthony Walsh, Director
Roy Wilkes, Director
Anna Stylianides, Director
Leo Zhao, Director
Please refer to Sabina's website www.sabinagoldsilver.com for complete biographies.
On February 13, 2018, Sabina Gold & Silver Corp. announced 2018 budget of $83 million to focus on exploration and to commence pre-development infrastructure improvements to advance Back River towards production.
Drilling of an initial 6,000 metres will be completed in the 2018 spring program, with up to an additional 19,000 metres targeted for the summer months.
On February 9, 2018, Sabina Gold & Silver Corp. announced that it has appointed Leo Zhao to the Company's board of directors.
On December 20, 2017, Sabina Gold & Silver Corp. announced that the Nunavut Impact Review Board (NIRB) has issued the final project certificate for its Back River project – environmental assessment process completed.
On December 19, 2017, Sabina Gold & Silver Corp. announced that Zhaojin International Mining Co. Ltd. has agreed to purchase 24.93 million common shares of Sabina Gold & Silver Corp. at a price of $2.65 per share for a total investment of approximately $66.1-million in a private placement.