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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

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 mill forec...

 

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