01:07:02 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Sabina Gold & Silver Corp
Symbol SBB
Shares Issued 219,950,902
Close 2016-08-15 C$ 1.20
Market Cap C$ 263,941,082
Recent Sedar Documents

Lundin says buy Sabina Gold & Silver

2016-08-15 20:41 ET - In the News

Brien Lundin, in the July, 2016, edition of the Gold Newsletter, says buy Sabina Gold & Silver Corp., recently $1.13. Mr. Lundin said buy once -- in August, 2015, at 37 cents. A $1,000 investment then is worth $3,053 now. The Nunavut Impact Review Board has recommended to not proceed with licensing and permitting Sabina's Back River project. The board cites a need to assess the project's impact on the environment, specifically on caribou and climate change. The decision came as a surprise, considering that there had been broad public support for the Back River project among first nation communities in the area. The announcement sent Sabina's stock price down 33 per cent on June 16. While this is a setback, and it will be hard to predict the regulatory outcome, Mr. Lundin says that Sabina's management knows how to work with the communities in which it operates and that this current price deflation presents a bargain buy.

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