North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Sabina raises C$39.1M to fund Back River

Financing ensures company can order supplies for future mine North of 60 Mining News – March 19, 2021

 

Last updated 3/25/2021 at 4:02pm

Sabina Gold & Silver Back River Nunavut financing Zhaojin International Mining

Sabina Gold & Silver Corp.

A roughly 170-kilometer- (105 miles) long ice road provides more efficient delivery of the equipment, fuel and supplies needed to support predevelopment activities at the Goose Mine site on Sabina's Back River gold project in Nunavut.

Sabina Gold & Silver Corp. March 16 announced that it has raised C$35.1 million to fund the advancement of its Back River gold project in Nunavut and expects to add another C$4.1 million to its coffers by the end of the month.

A 2015 feasibility study detailed plans for mining four deposits at Back River – Goose, Llama, Umwelt, and Umwelt Underground – to feed a 3,000-metric-ton-per-day...



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