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
Recent Sector News
Canadian shares declined for a second day, led by miners, as gold fell for the third time in four days. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) slid 0.2 percent to 12,633.81 at 12:38 p.m. in Toronto on Friday. The 237-member gauge has gained 1.6 percent this month. The materials subindex, which includes mining shares, fell 0.7 percent. The energy subindex slipped 0.4 percent as oil dropped for a fourth day, while financials, the most heavily-weighted group, slid 0.2 percent.
BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November.
Treasury Metals (TSE:TML) has unveiled additional drill results from its Goliath gold project in northwestern Ontario, with results showing near-surface intersections as high as 4.18 grams per tonne (g/t) gold.
International Mining & Infrastructure Corporation (LON:IMIC) has agreed in principle to acquire Cameroon-focused iron ore development group Afferro (LON:AFF) (CVE:AFF) for £126mln.
Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.
Canadian shares rallied for a third day on Tuesday, sending the benchmark gauge to its highest level in two months, as producers of raw materials and energy climbed following upbeat economic data from Europe. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) gained 1.3 percent to 12,780.46 at 12:37 p.m. on Tuesday. More than four stocks advanced for every share that dropped.
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