Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s): SGLDF

Metals & Mining Gold

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

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TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > Sabre Gold Mines Announces Sale Of Royalty For US$7 Million

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Post by GoldenPolarBear on Jan 31, 2023 6:58pm

Sabre Gold Mines Announces Sale Of Royalty For US$7 Million

"...Vancouver, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) announces the sale of the 1% net smelter returns royalty (the “GC Royalty”) it holds on the Kerr-Addison Mine claims owned by Gold Candle Ltd. for cash proceeds of US$7 million. In connection with the sale, the Company terminated the previously announced proposed sale of the GC Royalty (October 24, 2022) and will pay the agreed upon break fee of US$500,000...."

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/135296-sabre-gold-announces-sale-of-royalty-for-us-7-million.html

"... With 2022 being the year when central banks bought the most gold since 1967, more research is being done on what's driving this trend. And the latest Working Paper from the IMF points to fear of sanctions..."

https://www.kitco.com/news/2023-01-31/Risk-of-sanctions-is-pushing-central-banks-to-add-more-gold-to-their-reserves-says-IMF-s-Working-Paper.html

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