Sabre Gold Mines Corp. (OTCQB: SGLDF) generates news primarily through developments at its Copperstone gold mine in Arizona and through corporate transactions and investment activities. Company news releases describe Sabre Gold as a near-term gold producer in North America with 100% ownership of the fully licensed and permitted Copperstone gold mine, as well as other investments and projects at varying stages of development.
Recent headlines focus on the planned acquisition of Sabre Gold by Minera Alamos Inc. under a court-approved plan of arrangement. News items detail the definitive agreement, shareholder approval of the arrangement and related debt settlements, court orders, and the expected closing of the transaction. These updates also note that Sabre Gold shares are expected to be delisted from the Toronto Stock Exchange within a short period following completion of the arrangement.
Sabre Gold’s news flow also covers financing and asset optimization steps related to Copperstone, including the restructuring of debt obligations and a gold stream over the Copperstone mine, and the repurchase of a 1.5% net smelter returns royalty on the Copperstone project. Additional releases describe transactions and positions involving projects such as the Marg VMS project in the Yukon, the SER property, and shareholdings in Azarga Metals.
Investors following SGLDF news can use this page to review company-issued updates on the Copperstone project, corporate restructuring and royalty transactions, shareholder and court approvals for the Minera Alamos arrangement, and other project-level and investment-related announcements.
Sabre Gold Mines Corp. provides updates on its Copperstone gold mine in Arizona and Brewery Creek mine in Yukon. The updated mineral resource estimate at Copperstone shows a 23% increase in resources at an average grade of 6.6 g/t gold, with production anticipated to commence in 2022. Brewery Creek is set to release a Preliminary Economic Assessment in Q4-2021, focusing on expanding its production profile. Investments in engineering and pre-construction activities are underway at both sites, enhancing the company's resource base and positioning for near-term production.