14 November 2018
Sabina Gold & Silver Corp. reports the interim financial results for the quarter ended September 30, 2018.
“During the third quarter the Company continued advancing the Back River Project,” said Bruce McLeod, the Company’s President& CEO. “A significant milestone during the quarter was the receipt of a positive Type A Water License recommendation, a key license in authorizing construction and operations activities. We anticipate the receipt of this license shortly. Also during the quarter, the construction of our port in Bathurst Inlet was completed and two major sealifts were received. This is not only a major de-risking component of the project, but also was completed in line with Feasibility Study estimates and ahead of schedule. We also were successful on the exploration front with the new discovery at Nuvuyak. The Nuvuyak zone continues to demonstrate the significant gold endowment of the Back River District and the ability to extend mine life with new discoveries. We look forward to more exploration results and other news through the remainder of the year.”