The Globe and Mail reports in its Saturday, Sept. 26, edition that on Sept. 14, Sabina Gold & Silver
(39 cents) announced
results of a feasibility study on its
100-per-cent-owned Back River
gold project in Nunavut. The Globe's Ted Dixon writes in the Who's Buying and Selling column that this
study focused on a 3,000-tonne-per-day scenario (an earlier study
was focused on 6,000 tonnes per
day) and estimates a posttax internal
rate of return of 24.2 per
cent and production averaging
198,000 ounces of gold per year
over an 11.8-year mine life. Following
the news, between Sept. 17
and Sept. 18, chief executive officer Donald McLeod
bought 65,000 shares at an average
price of 36 cents.
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