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SABRE GOLD MINES CORP - SGLDF STOCK NEWS

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Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) is a diversified, multi-asset near-term gold producer in North America. The company owns 100% of the fully licensed and permitted Copperstone gold mine in Arizona and the Brewery Creek gold mine in Yukon, both former producers. With approximately 1.5 million ounces of gold in measured and indicated categories and 1.2 million ounces in the inferred category, Sabre Gold has significant exploration potential. Led by experienced mining professionals, the company is focused on restarting production at Copperstone and maximizing the exploration upside of its projects.

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Sabre Gold Mines has completed the repurchase of a 1.5% net smelter returns royalty (NSR) on the Copperstone Gold project from Trans Oceanic Minerals Company (TOMC) for US$1.25 million. The purchase price was satisfied through the transfer of a 0.5% NSR royalty on the 3 Aces project, an exploration project owned by Seabridge Gold in Yukon, Canada. The transaction removes an economic burden from Copperstone, potentially improving its financial viability. The deal constitutes a related party transaction as TOMC is controlled by a company director.

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Minera Alamos (TSXV: MAI) announced the acquisition of Sabre Gold Mines through a definitive agreement signed on October 27th, 2024. The transaction will create a diversified North American gold producer, adding the Copperstone Mine in Arizona to Minera's portfolio. Copperstone, which previously produced 514,000 oz of gold from 1987 to 1993, is expected to contribute approximately 150,000 oz of annual gold production. The deal includes elimination of $9.4M in Sabre debt at a 15% discount. The transaction values Sabre at approximately US$43/oz based on resources and will result in Minera shareholders owning 86% of the combined company.

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Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has announced that it expects to be impacted by the receivership of Victoria Gold Corp. In September 2023, Sabre Gold sold its subsidiary Golden Predator Mining Corp., which held the Brewery Creek property and other mineral assets, to Victoria for $13.5 million. While $8.5 million was paid in cash at closing, the remaining $5 million was to be paid in installments on September 14, 2024, and September 14, 2025.

Due to Victoria's receivership, Sabre Gold does not expect to receive the $3 million payment due on September 14, 2024. The company is uncertain about receiving any future payments from Victoria. Sabre Gold plans to pursue legal remedies to recover the remaining payments, which are unsecured obligations of Victoria.

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Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has announced a restructuring of the Property Purchase Agreement of the Marg VMS project with Azarga Metals. The agreement has been amended to an option to purchase agreement, and Azarga has agreed to increase the net smelter returns royalty from 1% to 2%. In consideration of debt forgiveness, Azarga will issue common shares and make cash payments to Sabre Gold.
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Sabre Gold Mines Corp. has finalized the restructuring of its debt obligations and the gold stream over the Copperstone Mine. The terms include partial early repayment of debt obligations in exchange for forgiveness of $3 million in accrued interest, amending the gold entitlement percentage under the gold stream, and agreement to repurchase the 1.5% gross production royalty on the Copperstone Mine within 12 months for $1,250,000.
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Sabre Gold Mines Corp. announces that Rackla Metals has exercised its option to acquire a 100% interest in the SER property.
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Sabre Gold Mines Corp. announces non-binding Term Sheet with secured creditors to restructure debt obligations and gold stream over Copperstone Mine.
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Sabre Gold Mines Corp. sells Brewery Creek Project and other mineral assets to Victoria Gold Inc.
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FAQ

What is the current stock price of SABRE GOLD MINES (SGLDF)?

The current stock price of SABRE GOLD MINES (SGLDF) is $0.14385 as of November 21, 2024.

What is the market cap of SABRE GOLD MINES (SGLDF)?

The market cap of SABRE GOLD MINES (SGLDF) is approximately 11.9M.

What projects does Sabre Gold Mines Corp. own?

Sabre Gold owns the fully licensed and permitted Copperstone gold mine in Arizona and the Brewery Creek gold mine in Yukon.

How much gold does Sabre Gold have in the Measured and Indicated categories?

The company has approximately 1.5 million ounces of gold in the Measured and Indicated categories.

Who leads Sabre Gold Mines Corp.?

Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building, and operations.

What is the focus of Sabre Gold Mines Corp.?

The company is focused on restarting production at the Copperstone gold mine and maximizing exploration opportunities across its projects.

What is the exploration potential of Sabre Gold's projects?

Sabre Gold's projects have significant exploration upside, with a combined land package of over 230 square kilometers.

Where can I find more information about Sabre Gold Mines Corp.?

For further information, visit the Sabre Gold Mines Corp. website at www.sabre.gold.

SABRE GOLD MINES CORP

OTC:SGLDF

SGLDF Rankings

SGLDF Stock Data

11.95M
58.06M
27.11%
Gold
Basic Materials
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United States of America
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