10:34:16 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Sabina Gold & Silver Corp
Symbol SBB
Shares Issued 219,788,743
Close 2016-06-14 C$ 1.68
Market Cap C$ 369,245,088
Recent Sedar Documents

Kwantes refreshes Sabina buy

2016-06-14 21:57 ET - In the News

James Kwantes, in the May 29, 2016, edition of Resource Opportunities, refreshes his buy of Sabina Gold & Silver Corp., recently $1.43. Mr. Kwantes said buy on May 18, 2015, at 39 cents and on Dec. 30, 2015, at 74 cents. A $1,000 investment for each of the two buys is now worth $5,598. Mr. Kwantes spends this update contrasting Sabina and Kaminak Gold, the latter of which recently received a $520-million takeover offer from Goldcorp. Both Sabina and Kaminak look for gold in Canada's Far North: Sabina is in Nunavut working on the Back River project, which contains total resources of 7.18 million ounces of gold (measured, indicated and inferred), while Kaminak holds the Coffee deposit in the Yukon, which contains a total of 5.18 million ounces. Goldcorp's takeover offer for Kaminak works out to about $100 an ounce. Applying a similar value to Back River would result in an offer for Sabina of $718-million. Mr. Kwantes reckons that Sabina has "solid takeout potential," and he also likes the fact that the company is not sitting around waiting for an offer. It recently entered the permitting and assessment process for Back River, with a project recommendation and minister's decision expected in the second half of 2016.

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