SGSVF - SGSVF STOCK NEWS

Sabina Gold & Silver Corp (SGSVF) announced promising results from its spring drilling program at the Hook Target, part of the Back River Gold Project in Nunavut, Canada. Notable findings include drill hole 21GSE600, which reported 5.42 g/t Au over 28.05 m, with higher grades of 12.68 g/t Au over 5.30 m and 10.05 g/t Au over 8.50 m in other holes. These results indicate significant resource growth potential near existing mining infrastructure, enhancing the prospects of the Goose Main and Nuvuyak deposits. The company is advancing exploration and development efforts in this mineral-rich area.

Sabina Gold & Silver Corp. (OTCQX: SGSVF) announced the results of its Annual General Meeting held on June 3, 2021, in Vancouver. A total of 200,371,833 shares were voted, representing 57.60% of eligible votes (347,860,808). All director nominees listed in the Management Information Circular were successfully elected, with over 99% voting in favor of most. The board will serve until the next annual meeting. Additionally, auditors were appointed, and the adoption of new Articles was approved. The company acknowledged Jim Morton's contributions upon his retirement.

Sabina Gold & Silver Corp. reported interim financial results for Q1 2021, ending March 31, with $72.1 million in cash and short-term investments. The Company has made substantial progress on its Back River Gold Project, including an updated feasibility study revealing 3.5 million ounces of proven and probable reserves. Significant drilling has been completed, and the project is set to produce an average of 287,000 ounces annually for 15 years. Despite a net loss of $1.4 million, overall developments signal a strong outlook for the company's operational capabilities.

Sabina Gold & Silver Corp announced a 2021 project budget of ~$60 million for its Back River Gold Project in Nunavut, Canada. The Goose Camp has reopened, with field programs initiated for pre-development and exploration. Critical path activities are underway to sustain production schedules. Key initiatives include drilling over approximately 4000 m at various target areas and advancing underground exploration at the Umwelt deposit. The company aims to establish a phased strategy for future programs at the George property, leveraging previous exploration success.

Sabina Gold & Silver Corp (SGSVF) asserts no undisclosed material changes have affected its operations. The company is financially sound and focuses on its Back River Gold Project in Nunavut, Canada, where an Updated Feasibility Study (UFS) indicates a potential production of ~223,000 ounces of gold annually, with a peak of 312,000 ounces in year three. The project boasts a rapid payback period of 2.3 years, a post-tax internal rate of return of ~28%, and a net present value of C$1.1 billion. Sabina also holds a significant silver royalty on Glencore’s Hackett River Project.

Sabina Gold & Silver Corp. (SGSVF) reported its financial results for the year ending December 31, 2020, highlighting a cash position of $45 million. The company increased its mineral reserve estimate from 2.3 million ounces to 3.5 million ounces, backed by a newly filed updated feasibility study indicating a post-tax IRR of 27.7% and a net present value of C$1.1 billion. Despite a net loss of $4.2 million for the year, management noted significant progress in exploration and project development, with a focus on the Back River Project.

Sabina Gold & Silver Corp. has filed a National Instrument 43-101 Technical Report for its Goose Project, effective January 15, 2021. The updated feasibility study (UFS) indicates a robust 15-year mine life with a post-tax internal rate of return (IRR) of 27.7% and a net present value (NPV) of $1.1 billion. The proposed mine is expected to produce an average of 287,000 ounces of gold annually during the first five years. Initial capital costs are projected at $610 million, with strong potential for resource conversion and additional discoveries in the Back River gold district.

Sabina Gold & Silver Corp. (SGSVF) announced a webcast to discuss its Updated Feasibility Study results. The event is scheduled for February 25, 2021, at 5:30 AM Pacific time. The Feasibility Study outlines the Back River Gold Project, which is projected to produce approximately 223,000 ounces of gold annually for 15 years, with peak production of 312,000 ounces in year three. With a post-tax IRR of 31.3% and NPV of C$1.3B at a gold price of US$1,800, the project demonstrates strong financial viability and has received all necessary permits for construction.

Sabina Gold & Silver Corp has released an Updated Feasibility Study (UFS) for its Goose Property in Nunavut, indicating significant project advancements. The UFS presents a post-tax IRR of 27.7% and an NPV (5%) of C$1.1 billion (US$860 million), based on a gold price of US$1,600/oz. The project anticipates average annual gold production of 287 koz Au in the first 5 years and a sustainable cash cost of US$679/oz. The study reflects a 56% improvement in capital efficiency compared to the previous feasibility study, with a rapid payback period of 2.3 years.