Sabina Gold & Silver Corp. is a Canadian precious metals exploration Company with a portfolio of several different properties in Canada at different stages of development. The Company's flagship projects are currently located in Nunavut, in the Canadian North.
Both Hackett River and Back River projects have logistics issues related to their remote location, but infrastructure may build up several blue chip mining companies are actively develop projects in Nunavut
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Recent Sector News
Canadian shares advanced as data showed the U.S. economy grew more than expected in the second quarter, while Cenovus Energy and CGI Group reported strong quarterly results. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) edged up 0.2 percent to 15,478.09 at 11:55 a.m. in Toronto. Eight of the 10 groups advanced, with information technology and financial companies rising.
Alderon Iron Ore (TSE:ADV)(NYSE MKT:AXX) has signed an off-take agreement with London-listed Glencore (LON:GLEN), one of the world's biggest natural resource companies, for production from its Kami project.
Mexican specialist minerals firm Bacanora (CVE:BCN) (LON:BCN) has made a premium AIM debut, trading at as much as 100p in London, the junior market’s new addition was up massively from its IPO price.
Shares of Indico Resources (CVE:IDI) surged 20 percent on Friday after unveiling a maiden resource estimate for the supergene portion of its Ocaña porphyry copper-gold project in southern Peru.
Avrupa Minerals (CVE:AVU) has drilled 57.85 metres of massive sulfides at the Sesmarias area of its Alvalade joint venture project in Portugal, which the company says is encouraging for the potential of a large-scale sulfide system, despite the structural challenges encountered so far in exploring the target.
Potash Corp of Sasktachewan (NYSE:POT) (TSE:POT) reported on Thursday a substantially lower second quarter net profit on reduced potash prices, but earnings still surpassed the company's top end of its guidance range due to better-than-expected performance in its potash and nitrogen businesses. The Canadian fertilizer giant also lifted its earnings forecast for the year based on an improved global demand environment, it said.