Name of the Project
Back River gold project.

Location
Nunavut, Canada.

Project Owner/s
Sabina Gold & Silver Corp.

Project Description
The project entails the construction of the Goose mine at the Back River gold project.

The Goose mine will produce about 223 000 oz/y of gold. In the first five years, the mine will average 287 000 oz/y, with peak production of 312 000 oz in Year 3.

A total of 18.7-million tonnes of ore are expected to be milled over the project’s 15-year mine life, producing 3.35-million ounces of gold over the life-of-mine.

The next obvious focus for exploration and development at the project is the George property.

About half of the Back River project’s production is expected to come from openpits.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of $1.1-billion and an internal rate of return of 27.7%, with a payback 2.3 years from the start of operations.

Capital Expenditure
The Goose mine project requires initial capital of C$610-million.

Planned Start/End Date
First gold at the Goose mine is expected in the first quarter of 2025.

Latest Developments
The final documentation for $520-million in construction financing for the project has been completed, with the financing provided by Orion Mine Finance and Wheaton Precious Metals, which are set to be significant equity holders in Sabina.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Sabina Gold & Silver Corp, tel +1 604 998 4175 or email info@sabinagoldsilver.com.