Sabina Gold & Silver (“Sabina”) or (the “Company”) (TSX:SBB) reports the financial results for the quarter and year ended December 31, 2017.
Bruce McLeod, the Company’s President& CEO, said:
“2017 was an exceptional year for Sabina. The receipt of a positive NIRB recommendation and concurring Minister’s decision result in the receipt of our Project Certificate for Back River in December last year. This marks the end of the environmental assessment phase and five years of rigorous review. We have now submitted or are in the process of submitting our other license and work authorization applications to move the Project forward.
Additionally, we had further success in 2017 with our drilling programs and have continued to demonstrate the potential for adding mine life and enhancing project economics at the Goose Property. We also announced a new significant shareholder in December as Zhaojin International Mining invested approximately $66.1 million into the Company.”