Sabina Gold & Silver Corp

Description

Sabina Gold & Silver Corp is a Canada-based mining company with a primary focus on the production and development of precious metals such as gold and silver.

The Vancouver-based firm’s stocks trade on the Toronto Stock Exchange under the symbol ‘SBB’.

It is also listed on OTCQX under the quote ‘SGSVF:US’.

Sabina Gold & Silver Corp’s portfolio comprises production, developmental and exploration properties under different stages across Canada.

Back River Gold Project is a gold deposit located in Western Kitikmeot region of Nunavut, Canada.

The gold-focused firm has 100 percent interest in this Canadian asset, stretched in nearly 80 kilometers. The company acquired the gold property from Dundee Precious Metals Inc in 2009.

The gold belt further consists of six properties, namely:
• Bath
• Goose
• Boot
• George
• Del
• Boulder

Sabina Gold & Silver Corp has reportedly advanced its first mine, the Goose Mine, which is now fully authorized for construction and operations.

The developmental and exploration targets at the Back River Gold district includes Llama deposit, Nuvuyak zone and Umwelt deposit.

As of December 31, 2020, the company claims that mineral resource estimates from three deposits stand at 9,707 tons of gold with 5.75 grading. The indicated resources are pegged at 23,745 tons of gold.

The precious metals mining firm also owns a significant interest in the Hackett River Property owned by Glencore and holds silver royalty and strategic mineral claims. The project is located in the Wishbone Greenstone belt adjacent to Back River Gold Project.

The mining firm’s property portfolio consists of the following projects:
• Golden Sidewalk:100 percent ownership, 18 leasehold patent claims
• Skinner: 100 percent ownership interest with 14 claims, covering a total area of 2,900 hectares
• Red aurum: 20 percent ownership interest, located in Red Lake Area, Ontario.

The company claims to have donated over C$2, 50,000 to several charitable institutions, including educational organizations, daycare centers, old age homes, etc.