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Bullboard - Stock Discussion Forum Sprott Gold Miners ETF SGDM

The investment seeks results that correspond (before fees and expenses) to the performance of the Solactive Gold Miners Custom Factors Index. The underlying index aims to track the performance of gold companies located in the U.S. and Canada whose common stocks or American Depository Receipts (ADRs) are traded on the Toronto Stock Exchange, the New York Stock Exchange and NASDAQ. The fund will... see more

ARCA:SGDM - Post Discussion

Sprott Gold Miners ETF > Sabre Gold will be a near-term gold producing company🌎
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Post by GoldenPolarBear on Jul 01, 2021 11:26pm

Sabre Gold will be a near-term gold producing company🌎

"... Sabre Gold will be a near-term gold producing company with two projects in the pipeline that have a combined 1.1 million oz of gold in the measured and indicated resource categories, 1.5 million oz in the inferred category, and exploration upside at both properties. 

The merged company will also benefit from a combined treasury of around C$23 million and a stronger management and technical team, with backgrounds in both mine-building and operations.

"The combined company will provide for stronger peer positioning amongst gold producers as we advance Copperstone to production in the very near term, and continue to advance Brewery Creek towards a re-start decision," said Bonifacio, who will assume the role of president and CEO of Sabre Gold.

Sheriff will serve as non-executive chairman of the Saber Gold board, which is expected to include three representatives from each Golden Predator and Arizona.

The merger agreement has been unanimously approved by the current directors of both companies.

In addition to board member recommendations, certain shareholders have indicated support to vote in favor of the transaction, including Eric Sprott, who is a shareholder of both Golden Predator and Arizona.


https://www.miningnewsnorth.com/story/2021/07/02/news/yukon-and-arizona-gold-juniors-plan-merger/6872.html

https://thedeepdive.ca/arizona-gold-announces-merger-with-golden-predator-to-create-sabre-gold-corp/

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