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Building|Construction|Gold
Building|Construction|Gold
building|construction|gold

Sabina makes first drawdown on $125m gold stream

29th September 2022

By: Creamer Media Reporter

     

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Precious metals company Sabina Gold & Silver has drawn $31.25-million on its $125-million gold stream facility with Wheaton Precious Metals.

The proceeds of the stream are being used to continue development and construction of the Goose mine at its 100%-owned Back River gold district, in Nunavut.

Sabina last month formally committed to building the C$610-million Goose mine, with full construction set to start in 2023 and first production in 2025.

Goose, which is Sabina’s first mine on the 80-km-long Back River gold district, will produce 223 000 oz/y.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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