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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

Comment by satchmo6on Oct 10, 2023 11:08am
96 Views
Post# 35677035

RE:Sabre Gold Mines Corp. was up 7.1% WoW.

RE:Sabre Gold Mines Corp. was up 7.1% WoW.Star Royalties Ltd., will amend the gold streaming agreement relating to the Copperstone mine to fix the gold entitlement at 4 per cent of the payable gold ounces produced for the life of mine. The agreement currently provides for an initial gold entitlement percentage of 6.6 per cent that is stepped down to 2.2 per cent and 0.8 per cent after cumulative gold deliveries of 14,000 and 18,133 ounces, respectively. As consideration for the proposed amendment to the stream, the company will issue 7,407,407 common shares to Star and pay Star $1.55-million in cash on completion of the restructuring and deferred payments of $1.2-million and $800,000 in 12 and 24 months, respectively.
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