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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

Post by stanjson Jun 29, 2021 1:17pm
172 Views
Post# 33466642

Underground mining is expensive and risky

Underground mining is expensive and riskyI am GPY holder here. Please note, your AZG underground mine is expensive to operate, risky and everyday is exposed to risk of collapse and rockfall. Your miners need to be paid more, expensive equipment and extra spending on structures needed to reinforce mine shafts, and energy to ventilate the mines continuously, including all the monitoring. Don't tell me you want to work there!

To support costly underground mines, the gold grades need to be stupidly high... like what is it now. Don't think your high grades are worth much, if it cost even more to get them! 

Majority of open pit, heap leach projects are sub 1g/ton gold but way way way cheaper than underground mines, and much more profitable!
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