25 March 2016
VANCOUVER - Today Sabina Gold & Silver Corp. ("Sabina") or (the "Company") (SBB - TSX) reported the financial results for the quarter and year ended December 31, 2015.
"As planned, 2015 was a transformational year for Sabina," said Bruce McLeod, the Company's President& CEO. "During the course of the year: we delivered a fit for purpose robust feasibility study on the Back River Gold Project ("Back River" or the "Project") using a gold price of US$1,150 per ounce; we made great strides in evaluating 30 years of exploration data at Back River defining a multitude of targets, which culminated in the discovery of two new very prospective zones at the Goose Property; we advanced Back River through the environmental assessment phase and are nearing the completion of that process with our final hearings coming up at the end of April; and we have focused on treasury conservation and reduced costs company-wide." He said. "Through our work, we believe we are demonstrating a first in class Company with a world class asset. Our efforts have begun to reward shareholders as Sabina was one of the best performing development companies on the TSX in 2015. We believe that the catalysts we can deliver by de-risking the Project in 2016 will continue the re-rating of the Company and continue to create value for our shareholders."