SBB_Logo.jpg

Sabina Gold & Silver Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  #1800 – 555 Burrard Street
2 Bentall Centre
Box 220
Vancouver, BC
Canada V7X 1M9
Tel No.: 604-998-4175
Fax No.: 604-998-1051
Toll Free No.: 1-888-648-4218
Web Site: www.sabinagoldsilver.com
E-mail: nhoeller@sabinagoldsilver.com
Contact Person: Nicole Hoeller
Position: VP Communications & Corporate Secretary


Company Data

Traded Market: TSX
Traded Symbol: SBB
Outstanding Shares: 226 million
Public Float: 190 million
52 Week High: $ 2.70
52 Week Low: $ 0.84
Present Price: Click Here


Introduction

Sbb1.jpg

Sbb2.jpg

Sbb3.jpg

Sbb4.jpg

Sbb5.jpg

Sbb6.jpg

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.


Projects in Hand

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
LOM Gold Production: 2.3 million ounces
Measured & Indicated Resources: 5,333 million ounces of Gold
Inferred Resource: 1,851 million ounces of Gold
Reserves: 2.3 million ounces (included in resources)

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

  • Advancing permitting: Environmental assessment process completed and water license process progressing
  • Progressing negotiations with the Kitikmeot Inuit Association for an Inuit Impact and Benefits Agreement
  • Advancing development: Detailed engineering commenced
    • ~$5 million spent post feasibility with objective to reaching 100% detailed engineering prior to construction
    • Basic engineering completed. Project development team focused on all opportunities to enhance project economics
  • Completing Project optimizations
    • Flotation test work is complete
    • Other optimizations underway
  • Completing exploration programs
    • Approximately 10,000 metre summer drilling to further test Vault Zone and Llama extension
    • Fieldwork to advance targeting throughout Back River District to support further long-term growth
  • Advancing Project financing

Significant Potential at Both Llama and Umwelt Underground

  • Significant potential at both Umwelt and Llama
  • Parallel structures along 3 +km of strike
  • High grade Vault Zone at Umwelt confirmed
  • At Llama a significant 300 m down plunge step out identified underground potential

Significant Potential at Umwelt Underground Vault Zone

  • Vault hole 17GSE511B returns16.86 g/t Au over 13.5 metres, including 27.11 g/t Au over 7.95 metres
  • Offers potential opportunity for earlier underground production at Umwelt to positively impact project payback
  • Sustaining capital would move into initial capital for underground development

Vault Zone Offers Significant Opportunity to Impact Project Economics

  • Offers potential opportunity for earlier underground production at Umwelt
  • Remains open to the east
  • Summer drilling of 4,000 metres

Llama 2017 Drilling Identifies Mineralization 300 Metres Below Resource

  • Llama hole 17GSE513 returns 6.52 g/t Au over 8.3 metres
  • Mineralization identified 300 metres below existing resource
  • Summer drilling of 3,000 metres
  • In September 2017, Sabina announced that a new high grade mineral zone was discovered. Llama hole 17GSE516B returns 9.48 g/t Au over 38.55 metres
  • Deposit remains open

Key Investment Highlights

  • 80km long multi-generational mining district with embedded growth in a good jurisdiction
  • Will produce ~200,000 ounces of Gold per year
  • Robust at US$1,150 gold and C$0.80 with a 24% after tax IRR
  • CAPEX is attainable – targeting gold production Q1/2021
  • Advancing through permitting
  • Strong government and community support
  • Exceptional team
  • ~C$36.6 million in cash and equivalents (Q2/17)


Management

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.


News Update

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.


  Disclaimer

Copyright (c) 2000 - 2017 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印