Sabina Gold & Silver Corp. To Hold Webcast On Updated Feasibility Study Feb 25/21, 5:30am Pacific Time

Rhea-AI Summary

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.

Positive

• Projected annual production of ~223,000 ounces of gold for 15 years.
• Peak production expected at 312,000 ounces in Year 3.
• Post-tax IRR of ~31.3% at US$1,800 gold price.
• NPV of C$1.3B at current gold prices.
• All major permits received for construction and operations.

Negative

• None.

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp. (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) will be holding a webcast to discuss the results of the recently announced Updated Feasibility Study (News Release dated Feb 24, 2021 at www.sabinagoldsilver.com).

The Company will be holding a webcast on February 25, 2021 at 5:30am Pacific time.

Webcast Information

Webcast URL:     https://produceredition.webcasts.com/starthere.jsp?ei=1437000&tp_key=0e134cc6ac

Sabina Gold & Silver Corp.

Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.

Sabina released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that will product ~223,000 ounces a year for ~15 years, with production of 287,000 oz Au, years 1-5 (peak production Year 3 of 312,000 oz Au), with a rapid payback of 2.3 years. At a US$1,600 gold price, the project delivers a post tax IRR of ~28% and NPV_5% of C$1.1B. At recent spot (US$1,800), the project delivers a post tax IRR of 31.3% and NPV of C$1.3B.

The Project received its final major authorization on June 25, 2020 and is now in receipt of all major permits and authorizations for construction and operations.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.

For further information please contact:

	Nicole Hoeller, Vice-President, Communications:		1 888 648-4218
			nhoeller@sabinagoldsilver.com

FAQ

What is the date and time of the Sabina Gold webcast?

The Sabina Gold webcast is scheduled for February 25, 2021, at 5:30 AM Pacific time.

What are the projected gold production levels for Sabina's Back River Project?

The Back River Project is projected to produce approximately 223,000 ounces of gold annually for 15 years, with peak production of 312,000 ounces in Year 3.

What is the post-tax IRR and NPV of the Back River Gold Project?

At a gold price of US$1,800, the project has a post-tax IRR of 31.3% and an NPV of C$1.3B.

Has Sabina received all the necessary permits for the Back River Project?

Yes, Sabina has received all major permits and authorizations for construction and operations.