Sabina Gold & Silver Reports They Are Unaware of Any Material Change

Rhea-AI Summary

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.

Positive

• Well-financed company with strong project fundamentals.
• Back River Gold Project expected to produce ~223,000 ounces of gold annually.
• Peak production of 312,000 ounces in year three, indicating growth potential.
• Rapid payback period of 2.3 years enhances investment attractiveness.
• Post-tax IRR of ~28% and NPV_5% of C$1.1B highlight project viability.
• All major permits and authorizations for construction obtained.

Negative

• None.

VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) wishes to confirm that management is unaware of any corporate development or undisclosed material changes to the Company, or its operations.

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 recently filed an Updated Feasibility Study (the “UFS”) on its 100% owned Back River Gold Project which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV_5% of C$1.1B. See “National Instrument (NI) 43-101 Technical Report – 2021 Updated Feasibility Study for the Goose Project at the Back River Gold District, Nunavut, Canada” dated March 3, 2021.

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 current status of Sabina Gold & Silver Corp's Back River Gold Project?

Sabina Gold & Silver Corp's Back River Gold Project is well-positioned with all major permits and authorizations obtained. The Updated Feasibility Study estimates an annual production of ~223,000 ounces of gold.

What are the financial projections for the Back River Gold Project?

The Back River Gold Project's Updated Feasibility Study projects a post-tax internal rate of return of ~28% and a net present value of C$1.1 billion, with a rapid payback period of 2.3 years.

How does Sabina Gold & Silver Corp generate revenue from silver?

Sabina holds a significant silver royalty on Glencore’s Hackett River Project, comprising 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.