Sabina Gold Silver Makes First Draw On US$125M Gold Stream Facility
VANCOUVER, British Columbia, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Sabina Gold Silver Corp. ("Sabina") or (the "Company") (SBB – TSX| SGSVF - OTCQX) is pleased to announce that it has drawn US$31.25 million on its US$125 million gold stream facility with Wheaton Precious Metals. The proceeds of the stream will be used to continue development and construction of the Company''s Goose Mine at its 100% owned Back River Gold District in Nunavut, Canada. SABINA GOLD SILVER CORP Sabina Gold Silver Corp. is an emerging gold mining company that owns 100% of the district scale, advanced, high grade Back River Gold District in Nunavut, Canada. Sabina filed an Updated Feasibility Study (the "UFS") on its first mine on the district, the Goose Mine, which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV5% of C$1.1B at a gold price of $1,600 USD.
Sabina Gold Silver Makes First Draw On US$125M Gold Stream Facility
VANCOUVER, British Columbia, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Sabina Gold Silver Corp. ("Sabina") or (the "Company") (SBB – TSX| SGSVF - OTCQX) is pleased to announce that it has drawn US$31.25 million on its US$125 million gold stream facility with Wheaton Precious Metals. The proceeds of the stream will be used to continue development and construction of the Company''s Goose Mine at its 100% owned Back River Gold District in Nunavut, Canada. SABINA GOLD SILVER CORP Sabina Gold Silver Corp. is an emerging gold mining company that owns 100% of the district scale, advanced, high grade Back River Gold District in Nunavut, Canada. Sabina filed an Updated Feasibility Study (the "UFS") on its first mine on the district, the Goose Mine, which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV5% of C$1.1B at a gold price of $1,600 USD.