SGSVF - SGSVF STOCK NEWS

Sabina Gold & Silver Corp. reported its financial results for the year ending December 31, 2022. The company completed a significant project financing package of US$530 million, facilitating the advancement of the Goose Mine towards construction, with operations expected to commence in 2025. Sabina ended the year with cash equivalents totaling $65.8 million and successfully raised an additional $143.9 million through equity financings. A proposed all-share acquisition by B2Gold Corp. has been well-received, indicating potential value for shareholders, with an implied transaction value of $2.09 per share, a 57% premium. However, the company reported a net loss of $14.4 million for the year.

Sabina Gold & Silver Corp. (SGSVF) has mailed materials for a special meeting scheduled on April 12, 2023, to discuss the proposed acquisition by B2Gold Corp. This follows B2Gold's commitment made on February 13, 2023. Shareholders will vote on the Arrangement Resolution, with a proposed exchange of 0.3867 B2Gold shares for each Sabina share, reflecting a 45% premium based on prior trading prices. The Board unanimously recommends a vote in favor, with considerations highlighting the financial stability and strategic fit of B2Gold. The transaction is expected to finalize in late April, contingent on shareholder and regulatory approvals.

Sabina Gold & Silver Corp. has finalized a CAD $139 million contract with CGT Industrial Ltd. for constructing the process plant at its Goose Mine in Nunavut. The contract includes key components like the crushing and grinding circuits and mechanisms for scope changes. The project aims to produce around 223,000 ounces of gold annually, with significant progress reported in 2022, including a workforce increase to over 160 employees. The construction of a Winter Ice Road to facilitate equipment transportation has begun, with operations expected to commence in February 2023.

Sabina Gold & Silver Corp. reported strong interim financial results for Q3 2022, highlighting cash and short-term investments totaling C$80.6 million. The company received the first payment of US$31.25 million from a gold stream arrangement with Wheaton Precious Metals. Key developments included progress on the Goose Mine construction and a completed summer exploration program. The company recorded a net income of $19.0 million for the quarter, driven by unrealized gains on financing obligations, indicating positive financial momentum.

Sabina Gold & Silver Corp. (SGSVF) has issued a correction regarding its earlier Project Activities Update, clarifying the term 'MT' should refer to metric tonnes. The company, which owns the advanced Back River Gold District in Nunavut, Canada, has filed an Updated Feasibility Study for the Goose Mine, projecting an annual output of ~223,000 ounces of gold with a rapid payback of 2.3 years and a post-tax NPV5% of C$1.1 billion at a gold price of $1,600 USD. The project has secured necessary permits and financing, totaling US$646 million for development.

Sabina Gold & Silver Corp. has announced significant advancements in the development of the Goose Mine in Nunavut, Canada, with approximately 90% of the required procurement completed. The 2022 sealift has facilitated the planned construction schedule for 2023. Key materials and systems have been shipped, including a permanent accommodation facility capable of housing 500 personnel. Notably, the project is projected to produce 223,000 ounces of gold annually, with a post-tax IRR of ~28% and NPV5% of C$1.1B. Preparations for the Winter Ice Road construction are also underway.

Sabina Gold & Silver Corp. announced on September 28, 2022, that it has drawn US$31.25 million from its US$125 million gold stream facility with Wheaton Precious Metals. The funds will aid in the development of the Goose Mine, located in the Back River Gold District, Nunavut, Canada. The Updated Feasibility Study projects annual production of 223,000 ounces of gold over approximately 15 years. The project has secured all major permits and has a comprehensive financing package, including US$425 million in debt and US$221 million in equity.

Sabina Gold & Silver Corp. has completed all pre-construction activities for the Goose Mine in Nunavut, Canada, marking a significant milestone. The company is prepared to commence full construction in 2023, with first production expected in Q1 2025. Financing of over C$800 million is secured, and procurement efforts have mitigated inflation impacts, with 75% of direct equipment purchases already made. The project aims for an annual production of ~223,000 ounces of gold, and the company has successfully expanded its workforce from 30 to 142 personnel since March 2022.

Sabina Gold & Silver Corp. announced strong interim financial results for Q2 2022, reporting a net income of $49 million ($0.09 per share) compared to a net loss of $40.7 million in Q1 2022. The positive results were mainly due to unrealized gains of $51.2 million. The company achieved gross proceeds of $15.8 million from financing activities, advancing multiple project initiatives, including exploration and construction preparations. The total cash and short-term investments stand at $158.6 million.