Last C$0.69 CAD
Change Today -0.02 / -2.82%
Volume 43.6K
As of 10:53 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

sabina gold & silver corp (SBB) Snapshot

Open
C$0.70
Previous Close
C$0.71
Day High
C$0.70
Day Low
C$0.68
52 Week High
08/26/13 - C$1.49
52 Week Low
11/26/13 - C$0.55
Market Cap
133.9M
Average Volume 10 Days
297.5K
EPS TTM
C$-0.05
Shares Outstanding
194.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for SABINA GOLD & SILVER CORP (SBB)

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sabina gold & silver corp (SBB) Details

Sabina Gold & Silver Corp., a precious metals company, is engaged in the acquisition, exploration, and development of mineral resource properties in Canada. The company’s principal properties include the Back River Gold project comprising 45 federal mineral leases and 16 federal mining claims covering an area of approximately 58,179 hectares located in Nunavut in the Canadian Arctic; and the Wishbone project that consists of 121 mining claims covering an area of approximately 79,166 hectares located in Nunavut in the Canadian Arctic. It also holds interests in various other properties, including a 100% interest in the Newman-Madsen property located in the Red Lake area of northwestern Ontario. The company was formerly known as Sabina Silver Corporation and changed its name to Sabina Gold & Silver Corp. in October 2009. Sabina Gold & Silver Corp. was incorporated in 1966 and is headquartered in North Vancouver, Canada.

Founded in 1966

sabina gold & silver corp (SBB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$390.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$215.0K
Vice-President of Investor Relations & Commun...
Total Annual Compensation: C$180.0K
Vice President of Corporate Development
Total Annual Compensation: C$185.0K
Compensation as of Fiscal Year 2012.

sabina gold & silver corp (SBB) Key Developments

Sabina Gold & Silver Corp. Announces 2014 Back River Work Program

Sabina Gold & Silver Corp. outlined the objectives of its 2014 project development and exploration program for its 100% owned Back River project in Nunavut, Canada, as well as its budget for 2014. The 2014 Back River work program has been estimated to total approximately $19 million and will include a modest drilling program following up on successes in 2013; environmental and permitting activities, development studies and property holding costs. Including corporate general and administrative and other project related costs, the annual budget for 2014 is expected to be approximately $24 million. The priority for the company in the next 18 months is to advance Back River through feasibility and environmental assessment, de-risking the project while minimizing cash consumption. During the year, the market can look forward to updates on the project, drilling results from the Echo Zone and permitting progress. Goose Camp is now open with a view to having three drills up and running on the project by April 20th, 2014. Objectives of Back River Work Program 2014 are: To mobilize a drilling program to convert and possibly increase resources at the Echo deposit; to drill test two or three high potential exploration targets for new resource additions to the Goose property; to complete ongoing optimization studies on the project that began in 2013, i.e. metallurgical testing, mine sequencing and capital and mining cost studies; to incorporate results of Echo drilling and optimizations studies into the FS to be launched later this year and completed in the first half of 2015; to continue necessary environmental and baseline work for the Final Environmental Impact Statement; and to continue with community engagement for the project.

Sabina Gold & Silver Corp. Reports Earnings Results for the Year Ended December 31, 2013

Sabina Gold & Silver Corp. reported earnings results for the year ended December 31, 2013. For the year, the company reported a net loss of $9.5 million compared to a net loss of $14.1 million in 2012. The decrease of $4.6 million was primarily due to a reduction recorded in 2012 in carrying value for the Cook Lake mineral property of $3.8 million. Interest income in 2013 was $1.5 million compared to $2.4 million in 2012, the decrease was due to the reduced average cash and short term investment balances in 2013 compared to 2012.

Sabina Gold & Silver Corp. Reports Completion of Hackett River 2012 Resource Estimate

Sabina Gold & Silver Corp. announced the Sabina's updated 2012 mineral resource estimate for the Hackett River project. Hackett River, located 45 km west of the Company's Back River gold project in Nunavut, is a silver rich volcanogenic massive sulphide project and is one of the larger undeveloped projects of its type. In 2011, the Company sold Hackett River to Xstrata Canada Corporation, Zinc Canada Division ("Xstrata") which is now Glencore Canada Corporation ("Glencore"). Under the terms of the royalty, Sabina is entitled to receive 22.5% of silver production up to the first 190 million ounces produced and 12.5% of all silver produced thereafter at Hackett River. Although Sabina is no longer the owner of Hackett River, it still considers its royalty interest in the project to be a material mineral project for the purposes of NI 43-101. The updated mineral resource estimate was originally prepared by Glencore (previously Xstrata) under the JORC code and was reported by Glencore on May 3, 2013 in its annual report of mineral resources and reserves as at December, 31, 2012. Glencore's updated mineral resource estimate has been reviewed by Sabina and is stated in the Report in accordance with NI 43-101 thus conforming to CIM Definition Standards. An equivalent zinc grade formula (ZnEq) was used to define the outline of the mineralized zones and the ZnEq field was calculated on individual assays in the assay database using the formula: Zn+2.88*Cu%+0.96*Pb%+0.03*Ag g/t+1.34*Au g/t. The resource estimate utilized 39,000 assays for zinc, lead, copper, silver and gold from 629 diamond drill core holes totaling 148,920 metres. The database was rebuilt and verified by Glencore. The assay data was combined with the geological data to create three dimensional wireframe solids for the four mineral zones at Hackett: the Main, Boot, East Cleaver and Jo zones. The mineralized zones were confined and constructed using a 2.5 % zinc equivalent grade cutoff and a minimum downhole length of 3 metres. Statistical analysis and the decile method were used to determine any capping required.

 

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