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Sabina Gold & Silver Announces 2018 Budget of $83million to Focus on Exploration and to Commence Pre-development Infrastructure Improvements to Advance Back River Towards Production
Feb. 13, 2018 08:48AM PST
Gold InvestingSabina Gold & Silver (TSX:SBB.T), (“Sabina” or the “Company”) is pleased to announce budget plans and activities for 2018. The 2018 planned budget enables the Company to continue on its two-pronged approach in advancing towards production and continuing high-value exploration. All project development programs are focussed on de-risking, de-stressing and expediting the time line towards …
Sabina Gold & Silver (TSX:SBB.T), (“Sabina” or the “Company”) is pleased to announce budget plans and activities for 2018.
The 2018 planned budget enables the Company to continue on its two-pronged approach in advancing towards production and continuing high-value exploration. All project development programs are focussed on de-risking, de-stressing and expediting the time line towards first gold production. The activities for project development and exploration will be funded out of the Company’s existing treasury of approximately $94.5million (Jan 19, 2018).
Bruce McLeod, President & CEO, said:
“2018 will be a significant year for the Company as our work programs continue to advance Back River towards production as well as continue to focus on high value exploration targets at the Goose property.
In addition, we have developed discretionary activities that are based on certain milestones achieved during the process. These expenditures will be assessed with a view to maintaining first gold in 2021 and are contingent on advancement of project funding initiatives.”