SGSVF - SGSVF STOCK NEWS

Sabina Gold & Silver Corp. (SGSVF) reported a fatal accident at the Back River Gold District on January 17, 2022. An employee of a contractor was involved when a D6 dozer fell through the ice while clearing snow, approximately 6km from the Port Facility at Bathurst Inlet. The company has suspended operations at the project and is cooperating with investigations from the RCMP and safety authorities. Support will be provided to the affected individual's family and counseling for employees and contractors is planned.

Sabina Gold & Silver Corp. announced significant progress on project financing for the Goose Mine located in Nunavut, Canada. An indicative term sheet has been signed, and commercial due diligence is complete. The proposed financing facility has received investment committee approval, pending legal due diligence and definitive documentation. Both project financing and streaming agreements are being advanced, with final documentation expected by January 2022, allowing for construction to commence. The updated feasibility study projects annual gold production of ~223,000 ounces and a post-tax IRR of ~28%.

Sabina Gold & Silver Corp. reported interim financial results for Q3 2021, indicating a cash position of $42.4 million as of September 30. The company is advancing pre-development activities at the Back River Gold Project, including the construction of an underground exploration ramp and a winter ice road for equipment transport. Despite these advances, Sabina reported a net loss of $2.4 million for the quarter. The updated feasibility study suggests potential production of approximately 223,000 ounces of gold per year.

Sabina Gold & Silver Corp (SGSVF) has announced significant progress on pre-construction activities for its Goose Mine at the 100%-owned Back River Gold Project in Nunavut, Canada. The company has received all necessary approvals for construction, with a fixed-price proposal of CAD $130 million for key materials. The environmental compliance status is strong, with all major authorizations obtained. Moreover, a successful integration of local Inuit employees back into the workforce has begun, and the company reports zero COVID-19 cases at its sites.

Sabina Gold & Silver Corp announced changes to its executive team effective September 27, 2021. Elaine Bennett will step down as CFO after over 13 years, with Wendy Louie taking over the position. Louie brings over 25 years of finance and leadership experience, having previously held senior roles at Goldcorp and provided consulting services across various sectors. The company's Back River Gold Project is projected to produce approximately 223,000 ounces of gold annually with a peak output of 312,000 ounces in year three and a post-tax IRR of around 28%. All major permits for construction have been secured.

Sabina Gold & Silver Corp (SGSVF) announced the final results from its spring drilling campaign at the Back River Gold Project in Nunavut, highlighting significant findings. Drill hole 21GSE601 intersected 8.37 g/t Au over 6.55 m in the Wing Zone, confirming its potential for shallow mineralization. The campaign also targeted four early-stage exploration areas, leading to new structural discoveries and reinforcing geological models for future drilling. The company aims to develop a robust mining pipeline following a successful year that added 1 million ounces to Measured and Indicated resources.

Sabina Gold & Silver Corp (SGSVF) announced an initial debt agreement for financing the Goose Mine at its Back River Gold Project in Nunavut, Canada. The company secured a US$20 million senior secured credit facility with a 5.25% interest rate, maturing September 27, 2022. This funding is intended for critical activities, including fuel storage construction and earthworks. The Goose Mine is fully permitted and supported by local Inuit landowners. The project is projected to produce approximately 223,000 ounces of gold annually, with a 28% post-tax IRR and a C$1.1 billion NPV.

On August 24, 2021, Sabina Gold & Silver Corp (SGSVF) reported significant progress on pre-construction activities for its Goose Mine at the Back River Gold Project in Nunavut, Canada. The company has completed critical civil works, prepared the Sabina Port for a major sealift, and advanced engineering for the process plant. Sabina aims to finalize equipment procurement by year-end 2021, anticipating a production decision soon. The project is expected to produce approximately 223,000 ounces of gold annually with a rapid payback period of 2.3 years, bolstered by strong financing and authorized permits.