Sabina Gold & Silver Corp. Sept. 14 reported positive results for an initial project feasibility study that investigates starting with a 3,000-metric-ton-per-day operation at its Back River gold project in Nunavut.

At a gold price of US$1,150 per ounce, this study indicates Back River could generate a post-tax internal rate of return of 24.2 percent and net present value (five percent discount...