SGSVF - SGSVF STOCK NEWS

Sabina Gold & Silver Corp. completed a Private Placement with Zhaojin International Mining Co., raising approximately C$12 million through the issuance of 7,797,813 shares at $1.55 each. This follows a C$127 million Bought Deal Offering. Zhaojin continues to be a supportive shareholder, demonstrated by their commitment to the project. Notably, Leo Zhao has resigned from the board, replaced by Mr. Jianzhuo Xu, who brings substantial mining experience. The company’s Goose Mine project aims to produce ~223,000 ounces of gold annually with a rapid payback period and significant post-tax IRR.

Sabina Gold & Silver Corp (SGSVF) has announced strong results from its latest drilling program at the Goose Property in Nunavut. The final eight drill holes focused on the V2 Zone, confirming high-grade gold mineralization continuity near the planned open pit and underground areas. Highlights include drill hole 22GSE607 with 12.59 g/t Au over 45.05 m and 21.87 g/t Au over 15.10 m in hole 22GSE610. The results enhance confidence in the resource and potential for optimization, crucial for future mine planning.

On May 25, 2022, Sabina Gold & Silver Corp. (OTCQX: SGSVF) held its Annual General Meeting, where shareholders voted on the election of its Board of Directors. A total of 370,469,017 votes were cast, representing 70.30% of eligible votes. All eight director nominees were elected with high approval percentages, ranging from 92.86% to 99.89%. The shareholders also approved the appointment of KPMG as auditors and adopted new Articles. Detailed voting results are available on www.sedar.com.

Sabina Gold & Silver Corp. has successfully arranged over C$800 million in debt, streaming, and equity financing to advance the Goose Mine project in Nunavut. The Updated Feasibility Study reveals a projected capital expenditure of C$610 million, with over 70% of necessary equipment already procured despite facing a 14% inflationary escalation since March 2021. The project is approximately 40% complete, with the processing plant's equipment valued at around US$39 million scheduled for mid-2023 delivery. Overall, the project remains on track for its operational start in Q1 2025.

Sabina Gold & Silver Corp (SGSVF) announced promising drilling results from its Back River Gold Project. Drill hole 22GSE605 revealed 13.68 g/t Au over 31.90m, while 22GSE606 showed 11.93 g/t Au over 41.45m. These results indicate strong potential for mineralization beyond the current mine plan, enhancing the project’s value. The drilling program focused on optimizing the mine plan and proved successful in identifying high-grade mineralization, with further assays pending from ongoing drilling.

Sabina Gold & Silver Corp. reported its interim financial results for Q1 2022, ending March 31, with $221.4 million in cash and short-term investments. The company completed a significant construction financing package totaling approximately US$530 million to advance the Goose Mine project. Key milestones include a successful 81.6 million share financing raising $126.6 million, and a decision to expand the mill's capacity to 4,000 tonnes per day. The company also aims for gold production of 223,000 ounces annually.

Sabina Gold & Silver Corp. (SGSVF) has selected FLSmidth to supply key processing equipment for its Goose gold mine in Nunavut, valued at approximately US$39M, with deliveries set for mid-2023 and completion before Q1 2025. The equipment includes advanced machinery for crushing, grinding, and various leaching processes. Sabina's updated feasibility study estimates annual production of ~223,000 ounces of gold, with a rapid payback of 2.3 years and a post-tax IRR of ~28%. The project has received necessary permits and financing, comprising US$425 million in secured debt and US$221 million in equity.

Sabina Gold & Silver Corp. reported its financial results for the year ended December 31, 2021, highlighting substantial progress at the Back River Project. The company ended the year with $25.6 million in cash and secured $520 million for project financing. Significant advancements were made in civil works, resource estimates, and feasibility studies, which indicated a post-tax IRR of 27.7% and an NPV of C$1.1 billion. However, the company reported a net loss of $8.0 million or $0.02 per share.

Sabina Gold & Silver Corp. has commenced a 3,500-meter drilling program at its Goose Property in the Back River Gold Project, Nunavut, Canada. The drilling focuses on the interface of the planned open pit and down plunge zone at Umwelt to enhance understanding of higher-grade gold zones. Following this, drilling will shift to the Hook zone, which may connect significant deposits. The company's updated feasibility study indicates potential production of approximately 223,000 ounces of gold annually, enhancing the project's value.