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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

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 surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Bullboard Posts
Comment by LTGoldBullon Feb 20, 2013 11:59am
160 Views
Post# 21016611

RE: RE: RE: RE: Whither Gold

RE: RE: RE: RE: Whither Gold

tonig, "Are they finally producing or what? "

Armistice Inventories

(31 Dec 2012 Quarterly, dated 14 Feb 2013)

Item 5:

INVENTORIES

DECEMBER 31                                June 30

2012                                                    2012

Gold in process $ 508,849              $ 627,230

                           $ 508,849             $ 627,230

Gold concentrate inventory estimate based on price of gold as at December 31, 2012 and reduced by

processing costs not yet incurred.

- 8

$508,849 /1600 = 318 oz or

Maybe $1200 Costs, $508,849 / 400 = 1272 oz

In the fiscal second quarter, the Company’s received its first recovery from gold

sales of $198,973. At the end of the fiscal 2013 second quarter, Armistice had gold inventories amounting to $508,849.

Cheers, Mark

Bullboard Posts