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

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.”

Click here to read the full text release.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Connect with our Featured Silver Stocks to receive the latest news and investor presentations.

Comments

Leave a Reply