“… Miner looks to get out of a financial hole "... It’s been an extremely rocky first four months of 2022 for the company’s only mining operation, now on its third president in less than a year, among a flurry of changes in senior management and at the operational level.
Company director Mark O’Dea is the new interim president of Pure Gold. He replaces Troy Fiero who is stepping down for health reasons. Fiero came aboard in January to replace Darin Labrenz who was ousted.
The Pure Gold Mine entered commercial production only last August on the site of the former Madsen Mine.
https://www.northernontariobusiness.com/industry-news/mining/red-lake-gold-miner-looks-to-get-out-of-a-financial-hole-5292005
"... Maria Smirnova of Sprott Asset Management said that although larger-cap gold stocks have been doing well, the best possibilities lie in explorers and small- to mid-size producers. Conversely, she cautioned that inflation is causing problems for developers, which are having to deal with higher CAPEX, among other issues.
"Recently larger caps have been doing better. But we do believe that for us the best opportunities still lie in exploration and small- to mid-size production … that's our sweet spot" — Maria Smirnova, Sprott Asset Management
Let's hope that Sprott considers Sabre Gold Mines in their sweet spot?