Sabina Gold & Silver announces interim financial results for quarter ended March 31, 2019
14 May 2019
Sabina Gold & Silver Corp. reports the interim financial results for the quarter ended March 31, 2019.
- $38.6million in cash and short-term investments, pre-development activities commenced
“The first quarter was a busy one for Sabina,” said Bruce McLeod, the Company’s President & CEO. “Construction of the inaugural winter ice road (“WIR”) progressed through the quarter in preparation for the haulage of equipment from the Port facility to the Goose Property. This is the final critical component of the logistics and supply chain for the project and it was essential to demonstrate its constructability prior to making a production decision. Additionally, the Company flow through financing to fund a spring exploration drilling program at Goose and made progress on advancing an engineering procurement and construction (“EPC”) contract for the processing plant. We look forward to reporting on these initiatives through the coming months.”